Titomic’s D623 Cold Spray System Gains Traction in Offshore Oil & Gas

• Six-month lease of D623 medium-pressure cold spray system secured
• Deployment on North West Shelf oil and gas rigs off Western Australia
• Follow-up to successful D523 system trial demonstrating corrosion protection
• Lease generates AUD 73,000 revenue and validates technology offshore
• Potential for expanded adoption in oil & gas and maritime sectors

Titomic Advances Offshore Maintenance Solutions

Australian additive manufacturing specialist Titomic Limited (ASX, TTT) has taken a notable stride in embedding its cold spray technology within the oil and gas sector. The company announced a six-month lease agreement for its D623 medium-pressure cold spray system with a large Australian energy operator active on the North West Shelf off Western Australia. This deployment follows a successful trial of a smaller D523 system, which demonstrated effective corrosion protection in field conditions.

The D623 system represents a technological upgrade, delivering higher metal powder velocities that enable rapid, high-strength repairs over larger surface areas. This capability is particularly valuable in offshore environments where asset durability and minimizing downtime are critical. The lease agreement, while modest in immediate revenue terms at AUD 73,000, serves as a strong validation of Titomic’s proprietary cold spray processes in live operational settings.

Strategic Implications for Titomic and the Energy Sector

CEO Jim Simpson highlighted the strategic significance of this milestone, emphasizing the growing confidence in Titomic’s technology as a transformative solution for harsh offshore conditions. The ability to perform rapid, on-site repairs without major shutdowns addresses a longstanding challenge in the oil and gas industry, where maintenance costs and operational interruptions can be substantial.

This agreement also underscores the value of collaborative research, with Monash University playing a role in identifying innovative applications of Titomic’s cold spray technology tailored to the energy sector’s rigorous demands. The partnership with a leading Australian operator signals potential for broader adoption across oil and gas and maritime industries, where asset longevity and operational efficiency are paramount.

Looking Ahead, Opportunities and Challenges

While the current lease is a short-term arrangement, it opens the door for further leases and powder supply contracts within the oil and gas industry. Titomic’s ability to demonstrate tangible benefits such as corrosion resistance, reduced maintenance cycles, and enhanced safety positions it well to capitalize on growing demand for advanced additive manufacturing solutions.

However, the long-term impact will depend on sustained operational success and the company’s ability to scale its technology adoption amid competition and evolving industry needs. Investors will be watching closely to see if Titomic can convert this validation into a steady revenue stream and deeper market penetration.

Bottom Line?

Titomic’s offshore lease deal marks a promising foothold, but the real test lies in scaling adoption across the energy sector.

Questions in the middle?

• Will the D623 system’s performance lead to longer-term contracts or outright sales?
• How will Titomic navigate competition in additive manufacturing for harsh offshore environments?
• What operational efficiencies and cost savings will the energy operator realize from this technology?