A bimetal composite, Ti50Ni50-Ti49.3Ni50.7, was produced by explosion welding, causing a Martensitic transformation. The functional properties of these objects were studied. It was found that explosion welding partially depressed the Martensitic transformation; however, a subsequent annealing resulted in the recovery of the kinetics of Martensitic transformations. Moreover, a variation in the annealing temperature allowed the control of a sequence of Martensitic transformations in the Ni-rich layer. The influence of the ratio of the equiatomic TiNi layer thickness to the total thickness of the bimetal composite on the recoverable strain was studied, and it was found that the maximum recoverable strain was observed when the thickness of the equiatomic TiNi layer was approximately equal to 55% of the total thickness of the sample. Functional properties were studied in the bimetal composite using the optimal ratio of the layer's thickness. It was found that the value of the recoverable strain depended on the val