Titomic Locks in A$550K Oil and Gas Contracts in Saudi Arabia and Norway
Key Takeaways
- Titomic has been awarded two contracts totalling more than A$550,000 — a €265,000 (~A$427,000) deal in Saudi Arabia and a €78,000 (~A$126,000) deal in Norway — both scheduled for delivery in 2026.
- The Saudi Arabia contract, awarded by ASMA Company for Advanced Technologies, supplies a TKF™ 623 medium-pressure cold spray turnkey system to King Fahd University of Petroleum and Minerals, expanding an already-established installed base in the region.
- The Norwegian contract supplies a ruggedized TKF™ 523 low-pressure system designed for field-deployable repair and maintenance of onshore and offshore oil and gas infrastructure.
- Titomic holds a DNV qualification for its cold spray technology, providing independently verified certification that reduces technical risk for oil and gas procurement teams evaluating suppliers.
- Each system placement creates downstream recurring revenue opportunities across four vectors: equipment, services, training, and application development.
Titomic secures A$550K in oil and gas cold spray contracts across Saudi Arabia and Norway
Titomic Limited (ASX: TTT) has been awarded two contracts totalling more than A$550,000, expanding its presence in the global oil and gas sector. The first, valued at €265,000 (approximately A$427,000), was awarded by ASMA Company for Advanced Technologies Ltd. in Saudi Arabia for a TKF™ 623 medium-pressure cold spray turnkey system for use at King Fahd University of Petroleum and Minerals (KFUPM). The second, valued at €78,000 (approximately A$126,000), was awarded by a leading Norwegian industrial services provider for a ruggedized TKF™ 523 low-pressure cold spray system.
Both systems are scheduled for delivery in 2026, growing Titomic’s installed base and opening pathways to recurring services, training, and application-development revenue.
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Upcoming 2026 deliveries: what each contract covers
| Contract | System | Value | Delivery Timeline |
|---|---|---|---|
| Saudi Arabia | TKF™ 623 medium-pressure cold spray turnkey system | €265,000 (~A$427,000) | Q4 2026 |
| Norway | Ruggedized TKF™ 523 low-pressure cold spray system | €78,000 (~A$126,000) | October 2026 |
The Saudi Arabia system is a full turnkey solution that integrates several capabilities to support oil and gas testing and development at KFUPM:
- Robotic automation
- Powder and gas management
- Process monitoring
- Onsite installation, commissioning, and training
Importantly, this contract builds on an existing TKF™ 523 low-pressure system already deployed in Saudi Arabia. This is an expansion of an established installed base, not a first deployment in the region.
The Norwegian system is designed for demanding field environments. Its ruggedized construction supports repair and maintenance of onshore and offshore oil and gas infrastructure at or near the point of need, allowing operators to address wear and damage without moving components off-site.
What is cold spray additive manufacturing — and why does oil and gas need it?
The technology in plain terms
Cold spray additive manufacturing is a process in which metal particles are accelerated at supersonic speeds and bonded directly to a surface. Because there is no heat involved, the base material experiences no distortion or thermal damage. The result is a coating or repaired component that retains its structural integrity.
This matters enormously in oil and gas. Pipelines, valves, and structural components operate in highly corrosive, high-pressure environments, often in remote locations. Conventional repair methods typically require removing the component entirely, sending it off-site, and waiting. Cold spray makes it possible to repair or coat components in the field, faster and at lower cost.
Titomic holds a DNV qualification for its cold spray technology. DNV is a global standards and certification body serving the energy and maritime industries, and its qualification signals that the technology meets independently verified standards for oil and gas deployment. For operators and procurement teams evaluating suppliers, that certification reduces technical risk at the decision stage.
Building a recurring revenue base: the strategic logic
Jim Simpson, Managing Director & CEO, Titomic Limited
“These awards further expand Titomic’s presence in the oil and gas sector and build on our DNV-qualified cold spray capabilities… Expanding our installed base in Saudi Arabia and deploying a ruggedized TKF™ 523 in Norway demonstrates the versatility of our technology and creates opportunities for deeper customer engagement and future growth.”
The strategic logic here extends well beyond the initial contract values. Each system Titomic places creates downstream commercial opportunities that can persist for years. The hardware sale is the entry point; the recurring revenue follows across four vectors the company has identified:
- Equipment
- Services
- Training
- Application development
Geographically, both wins carry strategic weight. The Saudi Arabia deployment positions Titomic inside King Fahd University of Petroleum and Minerals, a research and development hub where ongoing application work creates a natural basis for continued engagement. Norway extends Titomic’s reach into a major European oil and gas market, where field-deployable repair technology addresses real operational demands across onshore and offshore infrastructure.
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What to watch next
- October 2026: Delivery of the ruggedized TKF™ 523 to the Norwegian industrial services provider, including onsite training, represents the nearest near-term catalyst.
- Q4 2026: Delivery, installation, commissioning, and training for the Saudi Arabia TKF™ 623 system at KFUPM.
- Both deliveries create opportunities for Titomic to deepen customer relationships and generate follow-on service and training revenue in their respective regions.
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