Gold Coast-based Gilmour Space Technologies will partner with Melbourne manufacturing group Titomic (ASX: TTT) to build high-performance rocket and aerospace components.
Gilmour Space Technologies is tapping into Titomic's solid-state metal additive manufacturing technology, developed by the CSIRO and commercialised by Titomic in 2014.
Titomic's technology allows both the manufacturing of large-size metal parts and the high-volume production of complex-shaped parts of dissimilar metals by using a 3D printing process.
The listed company's manufacturing technology, dubbed Titomic Kinetic Fusion (TKF), is currently the only process capable of manufacturing rockets in a single piece as well as other space components.
Titomic's Melbourne manufacturing facility is able to manufacture Titanium and other metal parts of up to nine meters long and three meters wide.
The partnership follows Gilmour Space Technologies' experiments with 3D printed rocket fuel in 2016.
Co-founder and COO of Gilmour Space Technologies James Gilmour says the partnership with Titomic will enable the company to take its rockets to the next level.
"Gilmour Space is developing new launch vehicles to support today's global small satellite market, and this partnership could see us leveraging Titomic's innovative manufacturing process to produce lighter and stronger components for our orbital launch vehicles," says James.
This sentiment is echoed by founder and managing director of Titomic Jeff Lang who says the partnership with Gilmour Space Technologies proves the potential of the TKF manufacturing process.
"This is an exciting new development for Titomic to share a commercially strategic vision to deliver unique capabilities of advanced technologies to assure growth of the Australian space eco-system," says Lang.
"The Gilmour Space strategy, for lower cost access to launch satellites into space by affordable high-performance rockets, is in synergy with Titomic's capability to provide an affordable alternative to traditional manufacturing by utilising the unique capabilities of TKF technology."
"By partnering with Gilmour Space, it is further evidence that TKF technology has the potential for a multiplicity of applications for future industries to improve manufacturing affordability and sustainability of resources."
The partnership follows last week's news that the Federal Government has invested $150 million into the Australian space industry.
The government hopes its investment will propel the currently $4 billion sector into the stratosphere.
Businesses like Gilmour Space Technologies will be well placed to take advantage of the funding, with Australian space businesses now able to be a part of the next NASA mission into space.
L-R: Jan-Erik Ronningen CE Gilmour Space, Jeff Lang MD Titomic, James Gilmour COOO Gilmour Space Technologies, Nathanael Miller CTO Titomic.
Business News Australia
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