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Tech & Science Tech: Titomic unveils a 3D-printed titanium rocket, shares take off

03:20  21 november  2019
03:20  21 november  2019 Source:   stockhead.com.au

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Printing takes off . Relativity is far from alone in hoping that 3 D printing will propel it into the elite of spaceflight. Startups including Virgin Orbit Titomic , an Australian metal 3 D printer manufacturer, has developed what is said to be the largest 3 D printed Unmanned Aerial Vehicle (UAV).

7 Shares . Last month, Australian metal AM company Titomic Limited announced a partnership with The impressive structure was printed at Titomic ’s Melbourne production bureau using the Obviously, the large-scale rocket component is an impressive demonstration of what Titomic ’s TKF process is

Tech: Titomic unveils a 3D-printed titanium rocket, shares take off© Stockhead Australia Tech: Titomic unveils a 3D-printed titanium rocket, shares take off

3D printing manufacturer Titomic (ASX:TTT) caught the market’s attention this morning with a space-related production update.

The company unveiled a 5.5m long titanium rocket at a trade show in Germany, built with its Kinetic Fusion 3D-printed additive manufacturing process.

Titomic said the capability of its technology creates a market opportunity in the global space industry, which still uses heavier materials such as stainless steel.

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We’ve unveiled the world’s largest 3 D printed titanium rocket at #Formnext! Using the world’s largest additive manufacturing system and fastest additive manufac turing process - Titomic Kinetic Fusion® - this 5.5 metre rocket Are you interested in where Titomic Kinetic Fusion® can take your business?

#Vaaru will also showcase their world-leading, off the shelf titanium cycles to thousands of trade visitors during the show. Stay tuned for more. There's still time to check out Titomic 's latest, with the world's largest 3 D printed titanium rocket !

Shares in the company rose more than 15 per cent in morning trade to $1.30.

Lighter and stronger

Stainless steel is about twice the weight of titanium, but it only has a quarter of the strength.

In that context, Titomic said titanium components are a natural candidate for widespread use in space and defence, if they weren’t so expensive (global supply is limited, and most of it comes from Russia).

However, Australia is resource-rich in the area, with mineral sands that contain around 280m tonnes of titanium.

“With our development of new titanium power-supply chains, Titomic is at the forefront of advancing technology to ensure the future sustainability of earth’s resources while reducing carbon emissions for global manufacturing,” managing director Jeff Lang said.

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Titomic has also projected an approximate revenue generation of m - m until 31 December 2019, as per Titomic 's ASX announcement on the 25th June 2019. There's still time to check out Titomic 's latest, with the world's largest 3 D printed titanium rocket !

Melbourne Has a Titanium Rocket . Well done to Melbourne Company Titomic Ltd, who have created a Additive Manufactured 3 D Printed Rocket , made with Titanium . Growing Space & Military grade 3 D Printing needs are also driving Titomic 's latest Additive Manufacturimg advancements, as

Titomic said its technology had a build-rate of 30kg per hour, which was well in excess of the 1kg per hour capability of existing melt-based additive manufacturing machines.

As a result, its 5.5m rocket was built in 27.6 hours. And it’s a small-scale version of a 27m rocket being developed by Queensland-based Gilmour Space Technologies.

“Titomic has the capability to build the full-scale Gilmour Space ERIS-S rocket in just 165 hours using economical high-performance titanium,” the company said.

Stockhead has contacted Titomic for further comment on the potential pipeline of revenue-generative commercial opportunities that could stem from its latest demonstration.

In other ASX tech news today:

Payments platform iSignthis (ASX:ISX), which remains in suspension by the ASX, released another market update. The company said it was the subject of an ESG corporate rating review by proxy advisory firm, Institutional Shareholder Services Inc (ISS). The company said the responsible lending arm of ICC gave it a “Prime” rating on its business operations.

And traffic management company Redflex Holdings (ASX:RDF), which provides services such as speed cameras and red light cameras for local government clients, has announced a new deal in the US market. Redflex signed an agreement with the Los Angeles County Metropolitan Transportation Authority to provide automated services at rail crossings and bus lanes. Shares rose 5 per cent on the news.

The post Tech: Titomic unveils a 3D-printed titanium rocket, shares take off appeared first on Stockhead.

Why these ASX shares just raced to 52-week highs or better .
The Catapult Group International Ltd (ASX:CAT) share price is one of three that hit a 52-week high or better on Tuesday.Three shares that even managed to hit new 52-week highs or better are listed below.

—   Share news in the SOC. Networks
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