Titomic Limited (ASX: TTT) (“Titomic” or “Company”), a leader in advanced manufacturing and coatings technology, announces the sale of two D523 low-pressure cold spray systems, one in Kalgoorlie, Western Australia and the second in Texas, USA with a combined value of A$198,829. These sales not only represent a significant milestone for Titomic but also mark a pivotal moment in the Company’s expansion into new markets.
The sale in Western Australia is particularly noteworthy as it signifies Titomic’s strategic entry into the mining services industry in this region. This is a crucial development, considering the robust and growing mining sector in Western Australia. This sale of the D523 system underscores the system’s adaptability and mobility for the demands of the mining servicing industry, a sector known for its stringent requirements for durability and efficiency.
In the United States, the sale in Texas, facilitated by Anywise America, is a landmark achievement. This marks the first sale by Anywise America since joining forces with Titomic as a reseller. This successful transaction, following an on-site demonstration, signifies the beginning of what promises to be a fruitful partnership, expanding Titomic’s reach in the American market.
The D523 system’s unique no-heat repair capability and rapid restoration feature for metal parts make it particularly suitable for the mining industry. Its ability to repair and restore metal components without high-temperature treatments not only preserves the integrity of critical mining equipment but also significantly prolongs their lifespan. This feature is invaluable in the mining sector, where equipment downtime can have substantial financial implications.
Titomic’s global presence is now more pronounced than ever, with over 133 Titomic cold spray systems in operation, predominantly across various industries in Europe. The D523 system, with its proven track record and trusted technology, is set to revolutionize the maintenance and repair processes in these new markets.
These initial sales in Western Australia and Texas are just the beginning of Titomic’s expansion into new territories. They underscore the Company’s commitment to innovation and its capability to meet diverse industry needs across the globe. The future looks bright for Titomic as it continues to break new ground and set new standards in advanced manufacturing and coatings technology.
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