Titomic Lands Full-Rate Semiconductor Deal Targeting Up to $3.2M Revenue in 2028
Key Takeaways
- Titomic Europe has won a full-rate production contract in the semiconductor industry, following a low-rate initial production run awarded in 2025.
- Revenue is estimated at approx. EUR 0.9 million (AUD 1.5 million) in 2027, based on the current production run rate.
- The 2028 figure of up to approx. EUR 2.0 million (AUD 3.2 million) is a ceiling tied to customer requirements, not a guarantee.
- The customer is unnamed, and contract value, term and margin data are all undisclosed.
- CEO Jim Simpson says the award reinforces Titomic's push from technology development and equipment supply into recurring advanced manufacturing revenue using TKF cold spray.
Titomic wins full-rate production contract in the semiconductor industry
Titomic Europe B.V., the wholly owned Netherlands subsidiary of Titomic Limited (ASX: TTT), has been awarded a full-rate production contract in the semiconductor industry. The announcement was released on 8 October 2026.
It follows the successful completion of a low-rate initial production run awarded in 2025. According to the company, the award represents the customer’s progression of Titomic from initial production validation into ongoing production.
For investors, the key shift is from trial to repeat production. A customer that moves from a validation run to ongoing production points toward recurring revenue rather than a single order, though the announcement does not disclose the customer or contract terms.
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Revenue outlook for 2027 and 2028
Titomic outlined two revenue estimates linked to the contract. The 2027 figure is based on the current production run rate, while the 2028 figure is expressed as an upper bound.
| Year | EUR | AUD | Basis |
|---|---|---|---|
| 2027 | approx. EUR 0.9 million | approx. AUD 1.5 million | Current production run rate |
| 2028 | up to approx. EUR 2.0 million | up to approx. AUD 3.2 million | In support of customer requirements |
The 2028 number is “up to” and tied to customer requirements, so it is not guaranteed. The company said revenue “could increase” to that level, which means it depends on what the customer needs.
Still, the step-up from 2027 to 2028 is notable if requirements materialise. These are production revenues, which differ from one-off equipment sales because they repeat as parts are made.
What the figures do not tell us
The announcement leaves several questions open:
- The customer is not named.
- Total contract value and contract term are not disclosed.
- No margin data is provided.
Cold spray in semiconductor manufacturing explained
Titomic Kinetic Fusion™ (TKF™) is the company’s patented cold spray technology. Cold spray is a process that builds, coats or repairs parts by fusing metal particles at high speed rather than melting them.
CEO Jim Simpson said the process delivers “high-quality products and repairs with significant speed and efficient use of often-scarce resources”. That is the company’s own claim, made in the context of a demanding production environment.
Why does the move from low-rate to full-rate matter? Low-rate initial production (LRIP) is a validation stage where a customer tests that a supplier can deliver consistently. Full-rate production means ongoing volume.
The path Titomic describes across the manufacturing lifecycle runs as follows:
- Development
- Qualification
- Low-rate initial production (2025)
- Full-rate production
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Strategy shift toward recurring manufacturing revenue
The company said the award reinforces its strategy of expanding beyond technology development and equipment supply into recurring advanced manufacturing production, using TKF™ cold spray as an enabling manufacturing capability. For you as an investor, that is the thesis to watch: whether more programs follow the same route into production.
Jim Simpson, Managing Director & CEO
“This award marks an important step in Titomic’s evolution as a unique build and repair company… We are moving from demonstrating what our technology can do to producing for customers at commercial scale…”
Titomic describes itself as a global advanced manufacturing company serving customers in these markets:
- Aerospace
- Defense
- Shipbuilding
- Semiconductor
- Oil & Gas
- Mining
- Automotive
Simpson said the strategy remains “converting customer development and qualification programs into production, thereby building a growing base of recurring manufacturing revenue.”
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