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The Markets
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The Markets
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Hardware & electrical equipment

Titomic shares rise on back of deal with Callaway Golf

Shares in the company were up 17.3% or 31 cents intraday to $2.10 per share.

Titomic Ltd (ASX:TTT) has entered into an exclusive 12-month collaborative agreement with Callaway Golf Company (NYSE:ELY).

The agreement focuses on Titomic’s advanced additive manufacturing skills and the utilisation of its proprietary Titomic Kinetic Fusion process to develop novel products.

The world’s largest golf club manufacturer

Callaway Golf designs, manufactures, markets and sells golf equipment, golf accessories and golf lifestyle-related products in more than 70 countries worldwide.

The American company is the world’s largest manufacturer of golf clubs.

Australian metal additive manufacturing company

Titomic overcomes limitations of previous additive manufacturing (3D printing) for metals to manufacture complex parts without shape or size constraints.

The company offers design and manufacturing methods to enable speed-to-market, superior products at lower production costs and using less resources for a more sustainable future.

Titomic additive manufacturing machines that can customise build size to customer requirements offer additive manufacturing advantages at industrial scale.

Exclusive rights to CSIRO process

Titomic has the exclusive rights to commercialise CSIRO’s proprietary and patented process for the application of cold-gas dynamic spraying of titanium or titanium alloy particles onto a scaffold to produce a load-bearing structure.

This technology forms part of what is being marketed by Titomic as Titomic Kinetic Fusion.

Titomic’s CEO and CTO Jeff Lang said: “This agreement establishes a strategic alliance with the intention of incorporating our Titomic Kinetic Fusion additive manufacturing process into the manufacturing of golfing accessories and will be carried out at our new state of the art Melbourne facility which houses the world’s largest 3D metal printer.”

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