Titomic and TAUV partner on additive manufacturing soldier systems
Australian additive manufacturing company Titomic has announced the completion of a soldier systems project with 3D printed armour manufacturer TAUV.
The project saw the creation of 5 prototype defense Soldier System products, and cost $0.3mn.
The global soldier systems market is said to be worth $9.8bn. Titomic and TAUV hope to gain a foothold in that market via the rapid turnaround times of their products. The five soldier system products they have developed were delivered in less than six months time, significantly faster than what Titomic says is an industry standard 18-24 months.
Jeff Lang, Titomic Managing Director said: “The successful delivery of the TAUV prototypes in just a matter of months further demonstrates the superior economics of TKF metal AM to compete, not only with other additive manufacturing companies, but with traditional methods like investment casting, metal injection moulding and CNC.The TAUV project is a world first for additive manufactured Titanium defence products and realises Titomic Kinetic Fusion viability for commercial mass production and revenue opportunities. This is a significant milestone for Titomic’s commercial revenue opportunities.”
The equipment is intended for use by police, military and security personnel. The ultra-light systems are made from titanium, with the additive manufacturing method allowing for both improved performance and turnaround times.
“Initial testing of TAUV’s high performance soldier system products manufactured by Titomic appear to have superior performance capabilities which we were seeking to achieve during this project utilising Titomic’s TKF additive manufacturing process,” said Nathan Kalisch, CEO of TAUV. “If all of the results continue to progress positively, these TKF produced products will provide TAUV with a significant market advantage over our competitors who are manufacturing using traditional methods. Titomic’s TKF process enhances our offering to defence and law enforcement agencies through improved strength, functionality and capability. We have been impressed by Titomic’s very fast concept R&D feasibility process to bring our concept ideas to a commercial realisation.”
IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.