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Be the first with the news that moves the market- Titomic (TTT) sells its first Titomic D523 system to D&C Coating in Singapore, a surface engineering and repair specialist servicing the oil and gas industry
- The system can be used to rapidly deposit metals to restore damaged and corroded parts, rapidly apply material coatings, and simplify preventative and general maintenance
- Globally, the cost to remediate the effects of corrosion costs $276 billion annually, spanning oil and gas, mining, infrastructure and transportation, and defence
- Managing Director Herbert Koeck said the technology is finding numerous applications and opportunities within Australia and the greater Asia-Pacific region
- Titomic shares hold steady at 16.5 cents as of 11:40 am AEST.
Titomic (TTT) has sold its first Titomic D523 system through the company’s Australian branch to D&C Coating in Singapore, a surface engineering and repair specialist servicing the oil and gas industry.
The highly versatile and portable Titomic D523 system can be used to rapidly deposit metals to restore damaged and corroded parts, rapidly apply material coatings, and simplify preventative and general maintenance.
Globally, the cost to remediate the effects of corrosion costs $276 billion annually, spanning oil and gas, mining, infrastructure and transportation, and defence.
As such, the repairs and coatings markets remain a strong focus for Titomic’s commercial expansion.
Managing Director Herbert Koeck said the Titomic Australia team “has rapidly adopted” this new technology and is finding numerous applications and opportunities within Australia and the greater Asia-Pacific region.
“The key takeaway is that our technology improves uptime of expensive and critical infrastructure and machinery,” Mr Koeck said.
“It’s no longer necessary to hold expensive components in stock or suffer from failing
equipment, as our versatile and holistic technology offering allows rapid on-site field repair for a broad and varied range of industries.”
In addition to Titomic’s high-pressure cold spray technology, the company’s Titomic Kinetic Fusion, the D523 low-pressure system extends Titomic’s product line, adding versatility and expanding Titomic’s offering within the repairs and coatings market.
Titomic shares held steady at 16.5 cents as of 11:40 am AEST.
