- Titomic (TTT) launches its new D623 medium-pressure cold spray system, with two orders already locked in for the product
- The D623 system is reportedly capable of depositing harder metals compared to the D523, enhancing the system’s capabilities for customers
- The purchase orders total $270,000 and come from a German industrial materials specialist and a university in Spain
- Titomic says the launch of the new product helps cement its place as a “category leader” in the cold spray systems industry
- Company shares are trading at 20 cents at 11:28 am AEDT
Titomic (TTT) has launched its new Titomic D623 medium-pressure cold spray system, with two orders already locked in for the product.
The D623 system further extends the company’s range and provides customers with more options to suit their different needs.
According to Titomic, the D623 system is capable of depositing harder metals compared to the D523, enhancing the system’s key capabilities such as wear-resistant coatings and the restoration of high-wear parts.
“The development of this system adds strength to our product portfolio and further cements the company as a leading cold spray and advanced manufacturing provider,” Titomic Managing Director Herbert Koeck said.
“Titomic now has a significantly varied cold spray offering, enabling us to add value to a broad range of industries and manufacturers.”
Titomic has already secured two purchase orders for the new system totalling $270,000.
The first order comes from Germany-based material science and innovation company Neue Materialien Bayreuth. D623 has been built and delivered to the German company, which will use the system to restore metal coatings and parts for its clients and for research and development.
The second sale was to Universidad Rey Juan Carlos in Madrid, Spain and will be delivered in the near future. The system will be used for research and to add capabilities to Universidad Rey Juan Carlos’ current additive manufacturing range.
Titomic said these sales further demonstrated the “growing trust and demand” for its technology.
Company shares were trading at 20 cents at 11:28 am AEDT.