MELBOURNE, Australia -Thursday 22 October 2020 [ AETOS Wire ]
Hockley Pattern to assist commercialisation of Titomic Kinetic Fusion® Tooling in UK and Europe.
Hockley Pattern to demonstrate additively manufactured parts & tooling for aerospace, nuclear, and defence.
$200.8B global tooling market projected to reach $368.5B by 2026 (CAGR of 8%)1
(BUSINESS
WIRE)-- Industrial scale additive manufacturing company Titomic (ASX:
TTT) has agreed to supply Titomic Kinetic Fusion® (TKF) additively
manufactured tooling to Hockley Pattern & Tool, a UK-based tooling
company. The commercial unison will form a foundation for future
opportunities, as the companies work collaboratively to deliver TKF’s
advantages to Hockley Pattern customers.
Manufacturers experience
extreme demand for tooling required to create carbon fibre parts, with
orderbooks filled years in advance with current supply being unable to
meet demand due to production limitations of casting and wrought
manufacturing.
To fulfil this demand, over the past two years,
Titomic has undertaken extensive R&D to validate TKF to manufacture
tooling. Now, these breakthroughs allow Titomic to create large tooling
components in weeks, rather than 6-12 months.
Traditional
machining of Invar metal billets to manufacture tools sees up to 90% of
material wasted, and casting produces tools which are porous, which
reduces tool lifespan considerably. To overcome these challenges, TKF
manufactured near-net shape tools only require 10% of material to be
machined away, and with only 0.5% porosity, these tools exceed all
vacuum leak testing standards for aerospace carbon fibre molding.
With
these benefits, clients reduce costs, lead and downtimes, and waste.
Titomic now offers this unique capability for the $200B tooling market –
estimated to grow to $368B by 2026.
Commenting on the announcement, Titomic’s Managing Director, Jeff Lang, stated:
“TKF
for tooling has been proven to meet certifications and standards,
positioning Titomic to revolutionise this global industry. Now, we’re
excited to partner with Hockley Pattern – a global tooling leader - to
make a strong entrance into the British and European markets”.
Ian Eaves, Head of Technical & Innovation at Hockley Pattern, added:
“HPL
and its customers are keen to explore and embrace the benefits
available through the adoption of the TKF process for their current and
future tooling requirements. Reducing carbon footprint, quicker time to
market and reliable supply are just some of the key benefits we hope to
bring to our clients through our partnership with Titomic.” He added,
“We are excited about the future.”
__________________
1. Allied Market Research, 2019
View source version on businesswire.com: https://www.businesswire.com/news/home/20201021005515/en/
Contacts
Peter Vaughan
Ph: +613 9558 8822
www.titomic.com
Permalink : https://www.aetoswire.com/news/titomic-to-supply-aerospace-tooling-to-hockley-pattern-amp-tool/en
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