Titomic signs MST agreement with Fincantieri

Image: www.titomic.com

Australian metal additive manufacturing company, Titomic Limited (ASX: TTT) (“Titomic” or “the Company”) has announced that it has signed its first Material Science Testing (“MST”) agreement with Fincantieri Australia PTY LTD (“Fincantieri”), the Australian division of Fincantieri S.p.A. (BIT: FCT) – one of the world’s largest shipbuilding groups.

This MST agreement follows the ASX announcement of Titomic’s Memorandum of Understanding with Fincantieri as the first step in the defined roadmap to evaluate the potential for the Company’s additive manufacturing process, Titomic Kinetic Fusion, to be used in Fincantieri’s manufacturing activities.

The MST agreement will see Titomic perform a series of tests on a Fincantieri specified alloy, in accordance with International Standards of ASTM to achieve desired mechanical and chemical properties. The testing capabilities will include hardness, strength, porosity and chemistry analysis.

The outcome of the tests will provide Fincantieri with valuable technical information on material properties, performance, strength, durability and cost efficiencies of Titomic’s additive manufacturing process, Titomic Kinetic Fusion.