Titomic (ASX:TTT) sells first Titomic D523 system in Asia Pacific – The Market Herald

Subscribe

Be the first with news that moves the market

  • Titomic (TTT) sells its first Titomic D523 system to D&C Coating in Singapore, an engineering and surface repair specialist serving the oil and gas industry
  • The system can be used to quickly deposit metals to restore damaged and corroded parts, quickly apply material coatings, and simplify preventative and general maintenance.
  • Globally, the cost to remedy the effects of corrosion costs $276 billion per year, covering oil and gas, mining, infrastructure and transportation, and defence.
  • Managing Director Herbert Koeck said the technology finds many applications and opportunities in Australia and the greater Asia-Pacific region.
  • Titomic shares are holding at 16.5 cents as of 11:40 a.m. AEST.

Titomic (TTT) has sold its first Titomic D523 system through the company’s Australian subsidiary to D&C Coating in Singapore, an engineering and surface repair specialist serving the oil and gas industry.

The highly versatile and portable Titomic D523 system can be used to quickly deposit metals to restore damaged and corroded parts, quickly apply material coatings, and simplify preventative and general maintenance.

Globally, the cost to remedy the effects of corrosion costs $276 billion per year, covering oil and gas, mining, infrastructure and transportation, and defence.

As such, the repairs and coatings markets remain a strong focus for Titomic’s business expansion.

Managing Director Herbert Koeck said the Titomic Australia team “has quickly embraced” this new technology and is finding many applications and opportunities in Australia and the greater Asia-Pacific region.

“The main benefit is that our technology improves the availability of expensive and critical infrastructure and machinery,” Koeck said.

“There is no longer a need to stock expensive components or suffer from failures
equipment, as our versatile and holistic technology offering enables rapid on-site repair for a wide and varied range of industries.

In addition to Titomic’s high pressure cold spray technology, Titomic Kinetic Fusion, the D523 low pressure system extends the Titomic product line, adding versatility and expanding Titomic’s offering in the repair and repair market. coatings.

Titomic shares were flat at 16.5 cents as of 11:40 a.m. AEST.

About Shirley L. Kreger

Check Also

Power System Analysis Software Market Outlook 2022 and Growth by Top Key Players – ETAP/Operation Technology, Eaton Corporation, ABB, Siemens

Power System Analysis Software Market A study by “Verified Market Reports” provides details on market …