Titomic Limited, Melbourne, Australia, has signed a Heads of Agreement with NÉOS International Limited (Neos), headquartered in the UK, whereby the companies will enter into a joint venture to manufacture and sell Invar36 faceplates and multi-metal product solutions in the UK for the aerospace, defence, automotive and nuclear industries.
Neos is an engineering group that supports many of the world’s leading OEM’s by providing innovative solutions from multiple technology centres within the UK, Portugal and India. The products produced under the joint venture will be manufactured using Titomic’s Kinetic Fusion metal Additive Manufacturing technology utilising Neos’ engineering and tooling expertise.
The joint venture is expected to enhance the rapid delivery of Invar and Nickel Shell Tooling and related products to the aerospace and other key sectors, enabling the acceleration of advanced carbon fibre composite technologies which are critical for the production of lightweight fuel-efficient aircraft and to support the UK’s nascent space industry. It is also expected to ensure the high-rate production of mould tools and nickel tools for the manufacture of carbon fibre composites across the UK supply chain, supporting the UK’s position on next-generation aircraft.
“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,” commented Norbert Schulze, Interim CEO of Titomic.
Carl Roberts, CEO of Neos, stated, “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.”