Titomic Secures Exclusive Supply Of Aerospace Grade Titanium Powders

  • Dec 21, 2018 AEDT
  • Team Kalkine
Titomic Secures Exclusive Supply Of Aerospace Grade Titanium Powders

Titomic Limited joins hand with Chinese company Sino-Euro Materials Technologies of Xi’An Co. Ltd for supply and distribution services.

The report read that Titomic Limited and Sino-Euro Materials have signed Memorandum of Understanding (MoU) with immediate effect. It will see the Chinese producer supplying metal powders exclusively to Titomic for the development of Titomic Kinetic Fusion™ systems. The deal also includes the distribution and customer support services from Sino-Euro for the sale of Titomic Kinetic Fusion™ systems in China.

The metal powders that will be supplied by Sino-Euro are characterized as high-quality aerospace grade Titanium powders produced by Sino-Euro’s plasma rotating electrode process (PREP). Titomic stated that it has gone through the proper stage of testing to evaluate the quality and international standards of Sino-Euro’s titanium powder.

Managing Director of Titomic, Mr. Jeff Lang stated that Titomic had selected Sino-Euro for the supply of Aerospace grade PREP titanium powders because of their 50+ years of research and development in material science for titanium and superalloys.

Sino-Euro is positioned as a research leader in high-end materials and powder preparation technologies. The company operates as a subsidiary of the leading research center of China, Northwest Institute for Non-ferrous Metal Research (NIN). Sino-Euro has more than 30 patents granted and is recognized for setting up the industrial production line for China’s first Supreme Speed Plasma Rotating Electrode Process (SS-PREP) ™ spherical metal powder.

Mr. Lang added this Memorandum of Understanding would lead to Sino-Euro’s appointment as the sales distributor for Titomic’s TKF system and the customer support partner of Titomic in China by early 2019.

Titomic being an additive producer of large and complex metal parts eyes a strong market for its Titomic Kinetic fusion systems in China.  It has been observed that in China metals like titanium alloys are mostly consumed by power, aerospace, desalination and automotive industries. In the aerospace industry, Boeing alone expects that with the escalating growth in air passengers, China’s demand for aircraft will account for 18% of the world’s commercial airplane fleet by 2037.

Despite spreading its footprints in China market, Titomic Limited (ASX: TTT) has been led by the negative market sentiments in today’s trade. The stock price has fallen 0.948% or $0.020 to last trade at $2.090 as at 21 December 2018. But looking to the past performance of Titomic’s stock, we can see a leap of 122.11% over the past one year including the surge of 11.05% in the last one month.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK