The Titomic Limited (ASX: TTT) share price certainly has had a great first day on the Australian share market.
At the time of writing the Melbourne-based additive manufacturing company's shares are up a massive 125% from their IPO price of 20 cents to 45 cents.
What does Titomic do?
Titomic has the exclusive rights to commercialise a proprietary and patented process for the application of cold-gas dynamic spraying of Titanium or Titanium alloy particles onto a scaffold to produce a load bearing structure.
The impressive piece of technology was originally co-developed by the CSIRO and Force Industries, and is now being marketed by the company as Titomic Kinetic Fusion.
Titomic Kinetic Fusion sprays Titanium metal powder at supersonic speeds, causing the particles to impact and bond with the scaffold material.
According to management, the unique process mitigates oxidisation issues and size limitations associated with other 3D printing processes.
This means that as well as high volume applications such as sporting goods, automotive, and medical equipment, the technology could be used to manufacture low volume, high value components for the aerospace and defence sectors
Should you invest?
Titomic certainly does have a lot going for it at the moment. I believe 3D Printing has an extremely bright future ahead of it, which could make Titomic Kinetic Fusion a very valuable product.
But it is still early days and there is still a lot of work to be done before the company is generating significant revenue.
So for now I would suggest investors add Titomic to their watchlist and keep a close eye on it. In the meantime you might want to consider an investment in fellow technology share Altium Limited (ASX: ALU).
