Australian additive manufacturing specialist Titomic will enter into a joint venture with English company Neos International to manufacture and sell Invar 36 Faceplates and multi-metal product solutions in the UK for the aerospace, defence, automotive and nuclear industries.
Under the Heads of Agreement announced Monday, Titomic and its English counterpart will manufacture the products using Titomic Kinetic Fusion (TKF) technology and Neos’ existing specialist engineering and tooling expertise.
Titomic said the new agreement with Neos (formerly known as Hockley Pattern & Tool) builds on the supply agreement announced in late October under which Titomic had agreed to supply TKF additively manufactured tooling to Neos to accelerate the commercialisation of the technology in the UK and Europe.
Norbert Schulze, Interim CEO of Titomic, said the JV would enhance the rapid delivery of Invar and Nickel Shell Tooling and related products to the aerospace and other key sectors, further assisting with the acceleration of advanced carbon fibre composite technologies in the UK.
“We are excited about working with Neos to manufacture high-performance solutions in the United Kingdom using our Kinetic Fusion Technology, providing reduced lead times to the Aerospace sectors by combining Neos’ well-established engineering expertise and Titomic’s high-speed additive manufacturing technology,” Mr Schulze added.
Carl Roberts, CEO of Neos, said the collaboration would ensure the high-rate production of mould tools and nickel tools for the manufacture of carbon fibre composites and Defence solutions across the UK supply chain to provide support for the UK’s position on next-generation aircraft.
“Titomic is a leading company with proven reliability in metal additive manufacturing so, having them as our joint venture partner, will be extremely beneficial in producing large scale additively manufactured solutions for the Aerospace Industry, as well as a beneficial technology to support the changing Defence landscape,” Mr Roberts concluded.