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- Titomic (TTT) receives a stock order from mining engineering company Brauntell, marking the company’s first step into the mining and reseller industries
- The $395,000 order is for Titomic’s D523 cold-spray systems and is expected to be on-sold to mining end users in NSW and Queensland
- This sale follows a purchase order made for the same system which now establishes repeat business through the reseller channel, and also provides TTT with a presence in the mining sector
- Shares in Titomic have ended the day up 7.69 per cent to close at 28 cents
Titomic (TTT) has received a stock order from mining engineering company Brauntell, marking the company’s first step into the mining and reseller industries.
The $395,000 order is for Titomic’s D523 cold-spray systems and is expected to be on-sold to mining end users in New South Wales and Queensland.
This sale followed a purchase order made for the same system which now establishes repeat business through the reseller channel, and also provides the company with a presence in the mining sector.
Titomic Managing Director Herbert Koeck said partnering with a company like Brauntell, which has “deep and extensive expertise”, is a solid first step to break into the mining industry.
“This engagement is further proof that we continue to strongly deliver on our commercial strategy.
“Resellers provide Titomic with an efficient means of extending our reach into end users.
“With Brauntell, we’re able to leverage both their expertise and our novel technology to introduce competitive services to the market. Our partnership with Brauntell will be lengthy and fruitful for both parties.”
The company said the D523 cld-spray systems uses high-velocity particle deposition to apply a range of metal coatings to metal parts, enabling rapid restoration of surfaces and geometries by hand or robotics.
Once sprayed, metal parts can be machined to final tolerance in-house.
Thus, the system enables the operator to re-shore and bring maintenance and repair efforts in-house to heighten self-sufficiency, leading to reduced lead times and increased profitability and productivity.
Shares in Titomic were up 7.69 per cent, to end the day at 28 cents.
