Titomic and DNV Partner to Establish Additive Manufacturing Standards for the Energy Industry

Titomic collaborates in DNV-led initiative to create additive manufacturing standards

Titomic (ASX: TTT), a pioneer in cold spray additive manufacturing, has been invited to join a major project led by DNV, an international provider of independent assurance and risk management services. This endeavor aims to develop new standards for additive manufacturing technologies, with a specific emphasis on the energy sector. The partnership is anticipated to foster the establishment of industry-wide benchmarks, ensuring uniformity and dependability in the use of advanced manufacturing practices.

For Titomic, this presents a remarkable opportunity to establish itself as a leader in the additive manufacturing field, especially as the energy sector increasingly integrates innovative technologies to improve operational efficiency and sustainability. By playing a role in the establishment of these standards, Titomic is not only enhancing its leadership in cold spray technology but also aligning itself with the larger industry trend towards more sustainable and economically viable manufacturing solutions.

Emphasis on cold spray technologies for energy sector uses

The initiative’s emphasis on cold spray technologies is especially pertinent for the energy sector, where the need for robust, high-performance components is essential. Cold spray technology, which employs the application of metal powders at elevated speeds without melting, provides a distinct advantage in crafting parts that are not just stronger but also more resistant to wear and corrosion. This makes it an optimal choice for producing and repairing components that operate in challenging environments, such as those found in oil and gas, renewable energy, and power generation sectors.

By developing standards for cold spray applications, the initiative seeks to facilitate the adoption of this technology within the energy sector. Standardization will assist in ensuring that cold spray processes comply with rigorous industry standards, offering a trustworthy and cost-effective alternative to conventional manufacturing practices. This could result in significant decreases in downtime and maintenance expenditures, as well as enhancements in the overall lifespan of essential infrastructure.

For investors, Titomic’s engagement in this project could indicate a strategic effort to secure a greater portion of the energy market, which is increasingly on the lookout for innovative solutions to prolong asset life and mitigate operational risks. As the energy sector continues to advance, the integration of sophisticated manufacturing technologies like cold spray could prove to be a crucial differentiator for companies aiming to remain competitive in a swiftly evolving landscape.