Much to the delight of its shareholders, the Titomic Ltd (ASX: TTT) share price has made it two days in a row of big gains.
On Wednesday the Melbourne-based additive manufacturing company's shares rose 8% after announcing a collaborative agreement with Callidus Welding Solutions.
This morning its shares have jumped a further 21% to $1.15 following the release of another promising announcement.
According to today's release, Titomic has entered into a collaborative agreement with an unamed world-leading bicycle brand to contribute to the development of a high performance titanium bicycle concept.
The first phase of the agreement will utilise Titomic's advanced manufacturing process in order to design a new concept that will achieve the bike company's target performance characteristics.
After which, the fabrication phase will commence at Titomic's Melbourne manufacturing facility.
Should you invest?
Titomic has been flying largely under the radar since its successful IPO in September. But if it keeps announcing positive agreements like these it won't take long for it to show up on investors' radars.
I think its technology, which was originally co-developed by the CSIRO and Force Industries, has significant potential.
The unique process mitigates oxidisation issues and size limitations associated with other 3D printing processes. Which means that as well as high volume applications such as sporting goods, automotive, and medical equipment, the technology can be used to manufacture low volume, high value components for the aerospace and defence sectors.
Due to the high level of growth built into its share price, I think it is a reasonably high risk investment. But it could be worth a closer look with fellow disruptor Fastbrick Robotics Ltd (ASX: FBR).
