The CSIRO agreement grants Titomic exclusive global rights to two patents for the production of pipe, as well as continuous pipe manufactured using titanium and titanium alloys.
This will open significant revenue opportunities for Titomic across a number of major industries, in particular the oil and gas, defence, marine and mining sectors.
At the forefront of 3D printing
Titomic is positioned to change the value proposition of titanium, to unlock new applications and open opportunities that are now technically and economically viable with its proprietary Titomic Kinetic Fusion™ (TKF) technology platform.
TKF overcomes the limitations of additive manufacturing (3D printing) for metals to manufacture complex parts without shape or size constraints.
TKF offers production run capability to organisations, which enables speed-to-market, superior products with lower production inputs using fewer resources for a more sustainable future.
Global revenue opportunities in the $264 billion pipeline industry
Titomic’s managing director Jeff Lang said: “This is a significant expansion of Titomic’s IP and associated revenue opportunities.
“By adding these two new patents we are broadening our footprint in the titanium and titanium alloys additive manufacturing space to firmly secure our future market segments.
“Our fundamental strategy has been well timed and managed to perfectly combine the securing of cost-effective metal powder supply chain, with the expansion of our IP portfolio positioning Titomic as the global leader in viable metal additive manufacturing.
“To capitalise on the significant $300+ billion global interest Titomic has received from the oil and gas, mining, and marine industries to provide more sustainable and cost-effective AM manufacturing, these new TKF technologies enable Titomic to provide viable digital manufacturing capabilities leading to significant short, mid and long-term revenue opportunities.”