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TITOMIC LIMITED — Board/Management Information 2018
Mar 1, 2018
65963_rns_2018-03-01_b2786433-b3a1-4332-a26b-798ef0b2e8b9.pdf
Board/Management Information
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Resignation of Simon Marriott as Executive Director
Melbourne, Australia, 2 March, 2018: Australian metal additive manufacturing company, Titomic Limited (ASX: TTT) (“Titomic” or “Company”) wishes to advise that Mr. Simon Marriott has today resigned from the Board with immediate effect.
Mr. Marriott joined Titomic in 2017 and has served with the Company both as an Executive Director and a consultant to the Company. His consulting services agreement expired this week on 28 February 2018.
Titomic Chairman, Mr. Philip Vafiadis, commented:
“The Board and Management team, strengthened by a number of recent key appointments, wishes to thank Mr. Marriott for his service to the Company and we wish him well in his future endeavors.
We’re all excited about the significant milestones which lie just ahead of us which will take Titomic to the next level and feel we have put the right team together to get us there.”
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Contacts:
Peter Vaughan Company Secretary & CFO +61 (0)403 711 233 [email protected]
Mich Mak Media Officer +61 (0) 422 610 308 [email protected]
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
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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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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