How Is Titomic’s $50M Capital Raise Powering Its Global Manufacturing Leap?
Titomic Limited has launched a major European manufacturing hub and a UK subsidiary, secured a $50 million capital raise, and forged strategic partnerships to advance its cold spray additive manufacturing technology.
- New large-scale manufacturing facility opened in Heerenveen, Netherlands
- Establishment of Titomic UK Limited to support local industries
- Completion of A$50 million capital raise to fund global growth
- Strategic partnerships with Amaero and Fraunhofer to enhance technology and supply chain
- Strong leadership appointments to drive regional expansion and innovation
Global Manufacturing Expansion
In a decisive move to strengthen its foothold in Europe, Titomic Limited officially opened a state-of-the-art additive manufacturing facility in Heerenveen, the Netherlands. This new site, five times larger than its previous location, is equipped with advanced cold spray technology including four fully outfitted booths and a large-scale Titomic Kinetic Fusion™ system. Positioned strategically in the heart of Europe, the facility is designed not only to boost production capacity but also to serve as a hub for innovation, research, and education, accelerating the adoption of sustainable manufacturing practices across aerospace, defense, maritime, and heavy industry sectors.
Simultaneously, Titomic has established Titomic UK Limited, a dedicated subsidiary aimed at delivering advanced cold spray coating, repair, and additive manufacturing solutions to UK industries. This expansion is expected to reduce delivery times, enhance local engagement, and foster collaboration with defense and manufacturing partners, positioning Titomic as a key player in the UK’s advanced manufacturing ecosystem.
Capital Raise and Strategic Partnerships
To fuel its ambitious global growth strategy, Titomic completed a A$50 million capital raise through a share placement with institutional and sophisticated investors. This fresh capital injection strengthens the company’s balance sheet, providing the financial muscle to accelerate expansion and commercialisation efforts worldwide.
Further bolstering its technological and supply chain capabilities, Titomic entered into a five-year strategic partnership with Amaero Ltd to secure a reliable supply of high-quality metal powders critical for cold spray additive manufacturing. Additionally, a Memorandum of Understanding with Fraunhofer, Europe’s leading applied research organisation, aims to advance cold spray research and innovation, particularly in aerospace, defense, and energy sectors.
Operational Milestones and Market Validation
Operationally, Titomic marked significant milestones including the refurbishment of its 50th train carriage using its patented cold spray technology, demonstrating the practical benefits of faster, cost-effective, and sustainable repairs. The company also secured a six-month lease of its D623 medium-pressure cold spray system for use on offshore oil and gas rigs in Western Australia, signaling growing industry confidence in its technology’s durability and efficiency in harsh environments.
Complementing these achievements, Titomic forged a strategic partnership with Evology to accelerate innovation and production efficiency in additive manufacturing, targeting aerospace, defense, and automotive sectors.
Leadership Strengthening and Financial Outlook
To support its expanding global footprint, Titomic appointed several key executives across regions, including Aude Vignelles as President Asia-Pacific, Sharon Abercia as VP Oil & Gas, Les Gregory as VP UK Business Development, and Ralf Prechtl as VP EMEA Business Development. These appointments underscore the company’s commitment to regional growth and deepening industry partnerships.
Financially, Titomic reported customer receipts of AUD 1.3 million for the quarter, with net cash used in operations at AUD 7.3 million and investing activities at AUD 5.0 million, reflecting ongoing commissioning of new facilities. The company ended the quarter with a robust cash balance of AUD 46.8 million, bolstered by the recent capital raise. CEO Jim Simpson expressed confidence in sequential revenue growth through FY2026 and targets break-even operating cash flow by calendar year 2027, driven by recurring contracts in defense, aerospace, and energy sectors.
Bottom Line?
Titomic’s strategic expansions and partnerships position it for growth, but execution and market adoption will be key to reaching profitability by 2027.
Questions in the middle?
- How quickly will Titomic’s new European and UK facilities translate into increased recurring revenue?
- What impact will ongoing U.S. government funding delays have on Titomic’s defense-related contracts?
- Can Titomic maintain supply chain resilience amid global material cost pressures and tariff adjustments?