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TITOMIC LIMITED — Board/Management Information 2017
Dec 26, 2017
65963_rns_2017-12-26_dbb804c6-8ebb-41b5-9027-fbf34852f455.pdf
Board/Management Information
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Titomic Appoints General Manager of Bicycles Division
Melbourne, Australia, 27 December, 2017: Australian metal additive manufacturing company, Titomic Limited (ASX: TTT) (“Titomic” or “Company”) is pleased to announce the appointment of Mr. Peter Teschner as the General Manager of Titomic’s Bicycles Division.
Mr. Teschner is one of the most experienced bicycle designers in the industry with over 25 years’ experience. His work with the finest materials such as titanium, scandium alloy blends and carbon fibre has resulted in his peers referring to him as a ‘Master Craftsman’[1,2] , and his bicycles being recognised globally for their innovative build and superior performance qualities.
His bicycle frames are considered the number 1 choice for many of the world’s professional athletes, including World Time Trial champion and Olympic medalist, Michael Rogers, as well as Tour de France winner Cadel Evans for whom he produced a ‘time trial’ bike at a key time during his training. This experience was referenced in Cadel Evans’ book, “ Close to Flying ”.
As the GM of Titomic’s bike division, Mr. Teschner’s experience and skill in designing and manufacturing bicycles will help position Titomic at the leading edge of future industry trends to identify opportunities for growth, partnership, and to benchmark output.
Mr Teschner will be responsible for establishing bike project parameters, innovation, quality frameworks, and associated measurement and documentation including programs, policies, and procedures designed to protect and expand the Company’s competitive position. He will also perform a critical role in delivering the Trek Bicycles project under the Collaboration Agreement announced by Titomic to the market on 21 December 2017.
Mr. Teschner commented :
“Titomic is changing the way bicycles are made and I look forward to designing frames for the future of performance racing.”
Titomic CEO and CTO, Mr. Jeffrey Lang added:
“Mr. Teschner’s appointment to Titomic forms a synergy between the industry leading bicycle designs and the Titomic Kinetic Fusion manufacturing process to enable the next generation of high performance bicycles to be stronger, lighter and faster.
We’re honored that Mr Teschner has agreed to join the Titomic team to share his industry expertise and passion to create the next generation of world leading bicycle designs and manufacturing technologies.
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TITOMIC LIMITED ACN 602 793 644
Level 3, 62 Lygon Street, Carlton South, VIC 3053 Phone: + 61 (0)3 9824 5254 | Fax : + 61 (0)3 9822 7735 | [email protected] | www.titomic.com
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Contacts:
Peter Vaughan Mich Mak Company Secretary & CFO Media Officer +61 (0)3 9824 5254 +61 (0) 422 610 308 [email protected] [email protected]
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1 Inspired Cycling http://www.inspiredcycling.com/ABOUT_TESCHNER.asp
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2 Bicycling Australia http://www.bicyclingaustralia.com.au/bikes/teschner-sl9-red
About Titomic:
Titomic (ASX:TTT) is headquartered in Melbourne, Australia. The company overcomes limitations of previous additive manufacturing (3D printing) for metals to manufacture complex parts without shape or size constraints. Titomic offers design and manufacturing methods to enable speed-to-market, superior products at lower production costs and using less resources for a more sustainable future.
Titomic additive manufacturing machines that can customise build size to customer requirements offer additive manufacturing advantages at industrial scale. Multiple robots can be utilised to build larger parts, competing with traditional manufacturing solutions for industries such as aerospace and defence, sporting goods, medical, automotive, industrial equipment, construction and marine.
Other benefits of the Titomic Kinetic Fusion technology include:
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Joining dissimilar metals and composites for engineered properties in a structure
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Stronger structures without welding, folding or bending
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Reduced time to market; no tooling, industry-leading production speeds
Clients will be offered a licence to manufacture via the Titomic Kinetic Fusion technology. Titomic’s revenue model will also provide clients with R&D prototyping services, Titomic equipment sales, powder and consumables supply, equipment service and maintenance. For more information visit: www.titomic.com
Forward-looking statements:
Certain statements made in this release are forward-looking statements and are based on Titomic’s current expectations, estimates and projections. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance” and similar expressions are intended to identify forward-looking statements. Although Titomic believes the forward-looking statements are based on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Titomic’s control, including those risks or uncertainties inherent in the process of both developing and commercialising technology. As a result, actual results could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Titomic will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.
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