
Tisics
Tirsi Srl specializes in the development and manufacture of high strength lightweight titanium and aluminium matrix composite materials.
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N/A | £626k | Grant | |
Total Funding | 000k |
GBP | 2015 | 2016 | 2017 |
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Revenues | 0000 | 0000 | 0000 |
% growth | - | - | 20 % |
EBITDA | 0000 | 0000 | 0000 |
% EBITDA margin | - | 13 % | 11 % |
Profit | 0000 | 0000 | 0000 |
% profit margin | - | 4 % | - |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
R&D % of revenue | - | 81 % | - |
Source: Company filings or news article
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Based in Farnborough, the heart of British aerospace, Tisics is a specialized manufacturer of advanced metal matrix composites. The company was established in 2005 through a management buyout of the metal matrix composite division from the defense technology firm QinetiQ. This initiative was led by Stephen Kyle-Henney, the current CEO, whose interest in aerospace and materials technology since his youth has driven the company's direction. The firm's technological lineage traces back to the 1990s with BP Research, which aimed to build UK expertise in high-performance fibre and metal composites.
Tisics operates a vertically integrated business model, managing the entire production process from raw material development to the delivery of final components. The company's primary business involves producing silicon carbide (SiC) monofilaments and incorporating them into titanium and aluminium alloys. This creates metal matrix composites (MMCs) that are significantly lighter yet stronger and stiffer than conventional high-strength materials like steel and nickel alloys. Tisics is one of only two commercial producers of SiC monofilament worldwide and the only one in Europe with an integrated manufacturing capability for these composites. Revenue is primarily generated through engineering sub-contracts and the development of specific components for clients, with profits reinvested into technology development. Its client base consists of major industrial players in the aerospace, space, and energy sectors, including Airbus, Rolls-Royce, Safran, and the European Space Agency.
The core offering is a new class of materials that enables substantial weight reduction—between 30% and 70%—in critical components. For the aerospace industry, this translates to lighter landing gear, aero-engine parts, and structural elements, leading to improved fuel efficiency and lower CO2 emissions. For instance, applying their technology to the landing gear of existing aircraft fleets could save millions of tonnes of carbon dioxide annually. In the space sector, Tisics develops lightweight satellite propellant tanks and robotic components, where reducing mass is critical for lowering launch costs. Their products are noted for their high thermal stability and corrosion resistance, making them suitable for harsh operating environments. The company utilizes a proprietary net-shape fabrication process, an additive manufacturing technique, to produce complex components with minimal material waste.
Since its founding, Tisics has achieved several key milestones, including securing a patent for its TMC spline in 2010, completing a £1 million capital investment to establish its fibre and composite plant in 2008, and winning a major €2.5 million contract from the European Space Agency in 2015. The company has also received significant R&D funding from UK government bodies like Innovate UK, which has accelerated the development of full-scale components. One recent achievement is the development of "LightLand," the world's largest metal composite component for commercial aircraft, created in collaboration with Safran Landing Systems. Keywords: metal matrix composites, silicon carbide monofilament, aerospace materials, lightweight components, titanium composites, aluminium composites, net-shape manufacturing, space technology components, high-strength alloys, advanced manufacturing, Farnborough aerospace, Stephen Kyle-Henney, QinetiQ spin-off, satellite components, aircraft landing gear, aero-engine components, fuel efficiency, CO2 reduction, additive manufacturing, diffusion bonding, high-performance materials, corrosion resistant alloys