Repkon makes AUS $2.5 million investment in Titomic

November 9, 2021

Titomic Ltd, Melbourne, Australia, has announced that Repkon Makina ve Kalip (Repkon), a Turkish based designer, manufacturer and supplier of metal forming machines for the global defence and aerospace industries, has made a AUS $2.5 million investment in Titomic.

The investment follows a joint venture that the companies entered in March 2021 to build a production facility in Australia for the production of weapons system barrels designed by Repkon and using Titomic’s Kinetic Fusion (TKF) cold-spray Additive Manufacturing technology.

According to the companies, under the executed share and option subscription agreement, Repkon will be issued 9,615,384 ordinary fully paid shares in Titomic at a price of $0.26 per share. The transaction is due to complete on December 16, 2021.

“I am delighted that our key customer Repkon is becoming a key strategic investor in Titomic at this time,” stated Hebert Koeck, Chief Executive of Titomic. “Following the signing of the Head of Agreement this investment signals confidence in our technology platform and our strategy to commercialise our TKF technology through a global go-to-market approach which harnesses the benefits of joint ventures and strategic partners. We are excited to work with partners and customers who see the value in ensuring seamless integrating of custom Cold Spray Additive Manufacturing (CSAM) systems into supply chains, which enables both parties to more efficiently scale.”

“This $2.5 million injection comes on top of the recent $9 million share placement which provides Titomic with the cashflow to accelerate our commercialisation through more joint venture operations, sales and support offices closer to our customers and operational facilities,” he added.

Ibrahim Kulekci, Chief Executive of Repkon, commented, “This is the first time Repkon has strategically invested in a supplier. However, with the success of our initial joint venture on weapons systems barrels we believe the performance, superior strength-to-weight ratios, enhanced durability and costs advantages these products and manufacturing processes provide will be of keen interest across many areas of tooling that supply the defence and aerospace industries.“

www.titomic.com

www.repkon.com.tr/en/

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Fly-by-wire: How Additive Manufacturing took to the skies with Norsk Titanium
  • Dynamic beam shaping: Unlocking productivity for cost-effective Laser Beam Powder Bed Fusion
  • Enabling the fusion energy revolution: Mastering tungsten with PBF-EB Additive Manufacturing
  • Patents and Additive Manufacturing: What insights can mining PBF-EB data reveal about the industry and the technology?
  • Additive Manufacturing for Semiconductor Capital Equipment: Unlocking critical supply chains
  • Can Additive Manufacturing lower the carbon footprint of parts for the energy and maritime industries?
  • Inspect Additive Manufacturing, stop monitoring: Phase3D’s unit-based, in-process inspection solution for powder bed AM

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap