Highlights

  • D623 system leased for deployment on offshore oil rigs in Western Australia.
  • Collaboration with a major Australian energy company focused on corrosion protection and maintenance.
  • A six-month lease is valued at AUD 73,000.

Titomic Limited (ASX:TTT) has announced the lease of its D623 medium-pressure cold spray system for use on oil and gas platforms located on the Northwest Shelf, Western Australia.
Under a six-month lease arrangement, an Australia-based energy provider will deploy the Titomic D623 to support maintenance and production operations. The system is designed for high-performance coating and repair applications, meeting the demanding needs of offshore environments.
This deal follows successful 2024 field trials that used Titomic’s smaller D523 low-pressure cold spray system. The D623 delivers higher metal powder velocities, enabling faster and wider-surface repairs, thus improving operational efficiency.

Strategic Importance
Deploying the D623 system further validates Titomic’s additive manufacturing capability within the oil and gas industry. The company’s cold spray solutions are being adopted to boost asset durability, efficiency, and lifespan in offshore and marine environments.
The D623’s powerful performance allows for large-scale, high-strength surface restorations that minimise downtime. The six-month lease, worth AUD 73,000, addresses immediate maintenance requirements while positioning Titomic for future leasing and powder supply opportunities in the wider energy industry.

Management Comment
Jim Simpson, CEO and Managing Director of Titomic, said:
“We are proud to enhance our collaboration with this Australian operator and value their progressive approach in recognising Titomic’s ability to deliver reliable, long-term solutions. Their adoption of advanced manufacturing underscores how partnerships can drive operational transformation across the Oil & Gas and maritime sectors. This lease agreement highlights the proven advantages of Titomic Kinetic Fusion™ technology and reflects its expanding adoption across the energy market. We look forward to continuing to support more Oil & Gas clients with our innovative solutions.”

Industry Impact
The implementation of Titomic’s cold spray technology demonstrates the growing potential of additive manufacturing to:

  • Extend asset life in harsh offshore conditions.
  • Enable quick, on-site repairs without production shutdowns.
  • Decrease maintenance frequency while improving safety performance.
  • Provide efficient and cost-effective repair solutions that enhance long-term asset value.

Share Performance  

The company is currently trading at AUD 0.26 and down by 1.15% from its previous close of AUD 0.26.