Metal additive manufacturing company Titomic Limited’s revenue strategy has continued to gain momentum in the third quarter of 2023 after new channels were added to drive innovation in various manufacturing industries.
The company’s automated glass mould coating technology TKF Glass Solutions System has cleared a Site Acceptance Test at Vetropack in Austria, enabling Titomic to pursue further sales of the system within the glass packaging market, the company said in an ASX announcement.
Titomic has also secured a $132,174 purchase order from Boeing to continue pre-flight qualifications of components manufactured using Titomic Kinetic Fusion. The order builds on a previous agreement signed by the two companies in May 2019, which required the production of test parts.
Herbert Koeck, managing director of Titomic, said purchase orders from Boeing and Triton reflect the growing demand for Titomic’s advanced manufacturing technologies.
“Additionally, our recent installation and acceptance of a TKF Glass Solutions system at Vetropack in Austria, which promises to improve operating efficiency and increase site safety, sets the stage for potential future orders, With this successful installation, we anticipate further growth in the glass packaging manufacturing market in Europe and abroad,” Koeck added.
Triton Systems also made a purchase order worth approximately $260,000 for components manufactured using Titomic’s additive manufacturing technology Titomic Kinetic Fusion.
Titomic also generated $226,000 in revenue after three orders for D523 low-pressure cold spray systems from three separate companies in the rail, aerospace, and surface engineering sectors.
Furthermore, Titomic also scaled its reseller network in Europe and Asia with the recent addition of Multistation, France, and Vinnotek, Vietnam.
The company is now supported by seven resellers across the globe, further expanding the company’s presence across key markets, such as North America, Asia Pacific, and Europe.
“Titomic’s commercial strategy and strategic focus are yielding positive results, as evidenced by our expanding reseller network, commercially significant purchase orders, and successful installations of a TKF Glass Solutions system. We are proud to be at the forefront of cutting-edge technologies in multiple industries, and we look forward to capitalising on these opportunities to drive growth, enhance customer value, and strengthen our position as a global leader in cold spray manufacturing,” Koeck said.
