Additive manufacturing (AM) company Titomic is providing Airbus Group with cold spray AM, repairs, and maintenance equipment for aerospace applications as part of a $645,000 agreement.
The contract will require the delivery of two Titomic Kinetic Fusion systems, subject to Airbus’ final configuration requirements, Titomic said in an ASX announcement.
One of the systems, a D623 medium-pressure cold spray system, will be installed onsite at Airbus, enabling unique coatings and repair capabilities.
Meanwhile, the second larger system will be installed at Titomic’s European facility, facilitating the development of aerospace applications tailored to Airbus’ specific needs.
“This is a significant development for us at Titomic and we are excited to embark on this strategic partnership with Airbus, further expanding our presence in the aerospace sector. This collaboration not only strengthens Titomic’s position as the global leader in cold spray technology but also highlights the company’s commitment to providing cutting-edge solutions to the aerospace industry,” said Herbert Koeck, managing director of Titomic.
Under the contract, Titomic will work with Airbus to develop and refine cold spray processes and equipment to meet the stringent requirements of the aerospace industry.
The partnership aims to include Titomic’s equipment and technology within Airbus maintenance protocols.
As part of the initiative, all Airbus Maintenance, Repair, and Overhaul facilities planning to utilise cold spray applications will be required to use Titomic equipment and technology, ensuring consistency and adherence to Airbus standards across its MRO operations.
Revenue from the Airbus contract will be recognised in three stages, Titomic said.
Fifty per cent of the revenue has been recognised upon receipt of the purchase order.
An additional 40 per cent is set to be recognised before shipping the systems, while the remaining 10 per cent will be recognised after the successful completion of the site acceptance testing.
“With demanding regulations and requirements, the aerospace market is difficult to enter. We are grateful to Airbus, our investors, and suppliers for supporting us in reaching this important milestone,” Koeck said.
