Titomic business up on CV-19 exposed supply chain weaknesses.

Titomic's [ASX: TTT] CEO says business has increased extensively due to global supply chain weaknesses exposed by the COVID-19 pandemic.

"We are finding our work growing extensively, especially in aerospace and defence, as people look at supply chains that are vulnerable," he said.

China and Russia are currently major suppliers in the titanium industry.

Titomic has been working closely with a number of tier-one companies like Boeing and Airbus in aerospace and recently signed a partnership with multi-billion dollar defence product development and technology company, Triton Systems.

Titomic's proprietary "cold spray" metal technology overcomes traditional limitations of additive manufacturing (3D printing) by allowing the manufacture of parts without shape or size constraints and in production run speed and quantities.

Last Thursday Titomic received a purchase order from aerospace giant Airbus. Lang told me the Airbus order is the last step in testing by the aerospace giant, but added that aerospace validation is a long process.

"With our technology, we are able to make a part using a totally new material and in a way that results in a higher standard and better performance," he said.

While the purchase order is for a part worth fifty thousand dollars, some aerospace parts cost tens of millions of dollars each.

But according to Lang, the effect of the pandemic has also opened a large opportunity for Titomic and for Australia generally.

"The Australian Government has asked us to look at the timing around an implementation strategy to turn our titanium mineral sands in Australia into an [end-to- end] direct titanium metal industry.

"COVID"s really put a spotlight on the supply chain dependency of countries like China and Russia and this presents a great opportunity for Australia to offer a robust alternative from raw materials to finished product."

In my interview with Lang, he expressed pride at Titomic's and Australia's additive manufacturing/3D printing industry's ability to "bat well above average globally". He cited the example of a comparison between Titomic and America's Desktop Metal.

TITOMIC DESKTOP METAL

FINDS RAISED $47M $437m

REVENUE 19/20 $ 25.5 $27.2m

MARKET CAP $128m $1.5b

DISCLAIMER AND IMPORTANT INFORMATION I do own shares in Titomic at the time of writing this post. I also do not accept any payment from this or any other companies I cover. Nor is my interview or blog in any way a recommendation and should not be seen as a form of financial advice. Disruptive technology stocks should be considered very speculative, high-risk, and extremely volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.