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Be the first with the news that moves the market- Additive manufacturing company Titomic (TTT) is on track to deliver the world’s first automated cold spray glass mould coatings system
- Factory acceptance testing has been completed and the system will now be shipped to Vetropack in Austria for installation
- The system scans the mould and uses AI software to produce a robotic program that automatically costs and repairs the model
- It enables an increased lifespan of glass moulds, reduces manual input, increases operator safety and maximises the uptime of glass bottle production plants
- Titomic is up 5.88 per cent on the market with shares trading at 18 cents at 11:04 am AEST
Additive manufacturing company Titomic (TTT) is on track to deliver the world’s first automated cold spray glass mould coatings system.
Factory acceptance testing has been completed and the system will now be shipped to Vetropack in Austria for installation.
Titomic expects the installation with a leading glass packaging manufacturer will provide further opportunities for sale within the International Partners in Glass Research (IPGR) network.
The sale of each system will generate revenue of $1.7 million over a three-year period.
The coatings system scans the mould and uses AI software to produce a robotic program that automatically coats and repairs the model.
Further generations of the system will introduce automated loading, unloading and polishing of the moulds.
This system enables an increased lifespan of glass moulds, reduces manual input, increases operator safety and maximises the uptime of glass bottle production plants.
“This entry into the glass packaging and components market represents a new income stream for Titomic. The industry needs this type of mould enhancement to prolong life of production lines and mould machinery,” Managing Director Herbert Koeck said.
“As such, we will be providing machine sales — the first of which we’re about to ship to Vetropack — as well as ongoing consumables and servicing enabled by our expanded global footprint.”
Titomic was up 5.88 per cent on the market with shares trading at 18 cents at 11:04 am AEST.
