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Titomic signs MOU to distribute TFK systems in Japan and South Korea

The parties will develop new metal powders and powder technologies for Titomic Kinetic Fusion (TFK) systems, which will be distributed by Marubeni.

Company officials meet in Japan
Titomic has secured aerospace-grade, gas powered titanium powder supply from OTC

Titomic Ltd (ASX:TTT) has executed an MOU with Japanese companies Osaka Titanium Technologies Co Ltd (OTC) (TYO:5726) and Marubeni Corp (TYO:8002) to distribute Titomic Kinetic Fusion (TFK) systems in Japan and South Korea.

The MOU also involves the supply of aerospace-grade gas-atomised titanium metal powders from OTC globally.

Titomic has tested OTC’s aerospace-grade titanium powder as being suitable for use in TKF systems and the MOU has several strategic advantages to further improve Titomic’s position and progress.

Titomic managing director Jeff Land said: “This partnership will enable the development of new titanium powder technologies which, when combined with Titomic’s TKF automated production systems drives new revenue opportunities through high volume production of titanium parts for automotive and heavy industries.”

These elements combine to give Titomic:

  • An expanded global network for TKF system distribution and production run demand;

  • Secured supply chain for metal powders required for high-value applications; and

  • Ongoing access to cutting-edge material science and next-generation titanium allow powders for TKF systems.

Quick facts: Titomic

Price: 0.68 AUD

ASX:TTT
Market: ASX
Market Cap: $104.21 m
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