The Titomic Kinetic Fusion printer has the capacity to change the way products are manufactured in the fields of aviation and space, according to the Melbourne-based company.
Melbourne titanium manufacturer Titomic has launched what it claims to be the “world’s largest and fastest” metal 3D printer.
With an output size of 9m x 3m x 1.5m, the patented Titomic Kinetic Fusion is nearly five times the size of the previous benchmark at GE — which can print metal objects up to a cubic metre.
Developed in collaboration with Australia’s CSIRO, the printer is set to “transform the future of advanced manufacturing”.
At its Mount Waverley factory on Wednesday, on the outskirts of Melbourne, it created a ‘Titomic’ sign as you can see below.
It may be a modest demonstration but Titomic CEO Jeff Lang says the company’s vision for its powdered titanium product, which is already “very close” in strength to titanium manufactured traditionally, is anything but.
He is already talking to “several major players” about aeroplane parts, and submarines are another avenue the company is excited about.
“We don’t shy away from the fact we have more work to be done in that area, but the reality is we’re pioneering how metal can be made,” he said.
We don’t shy away from the fact we have more work to be done in that area, but the reality is we’re pioneering how metal can be made.
In fact, Titomic enjoyed its biggest share price surge on Monday ($1.52 to $2.83), after it was revealed the company had signed an MOU with Fincantieri, a leading Italian shipbuilding company.
“This agreement with Fincantieri marks a significant milestone for future shipbuilding and industrial scale additive manufacturing,” Lang said.
“Titomic’s signing with Fincantieri to evaluate our Titomic Kinetic Fusion process will not only add value to existing manufacturing and repair activities, it will lead to the creation of next generation high tech vessels.”
Just days earlier, Titomic had also entered into an exclusive 12-month collaborative agreement with the world’s largest golf club manufacturer — Callaway.
“We’re proud to be an Australian company who has successfully co-developed with CSIRO a new way of manufacturing, which can utilise the abundant titanium mineral sands resources of Australia,” Lang said.
“We will challenge the traditional methods as to how products are designed and made for aviation, space, defence, marine, infrastructure, transportation, consumer goods as well as other key industries around the world.”
According to Business Insider, the company was launched on a pre-capital raise of $2.5 million and a subsequent raise of $6.5 million. The company is now valued at $150 million.