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TITOMIC LIMITED — Capital/Financing Update 2023
Mar 2, 2023
65963_rns_2023-03-02_cdc49251-52bc-4286-bdec-f8dd876bb942.pdf
Capital/Financing Update
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March 3, 2023
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ASX Announcement
GENERAL BUSINESS ADDITIVE MANUFACTURING
Armaments
Ballistic Protection Structures Tooling Embedded Sensors
Titomic & Triton expand engagement with manufacturing purchase order
Titomic Limited (ASX: TTT) (“Titomic” or “Company”) is pleased to announce that it has received a purchase order for ~$260,000 from Triton Systems (Triton) for the manufacture of components using Titomic’s patented additive manufacturing technology, Titomic Kinetic Fusion.
As announced on March 31st, 2020, Triton and Titomic first entered a strategic partnership to introduce Titomic Kinetic Fusion to the US Department of Defense.
COATING & REPAIR
Metal Restoration Wear Resistance Corrosion Protection Conductive Coating Inductive Coating Radiation Shielding
Triton Systems is a leading developer and provider of advanced technologies, and the receipt of this order highlights the continued demand for Titomic’s cutting-edge and unique manufacturing capabilities.
This is another step toward commercialisation of Titomic’s Kinetic Fusion technology on a larger scale, and further expansion into the key markets of the United States.
Titomic’s Managing Director, Herbert Koeck, said:
“We’re proud to receive this purchase order from Triton Systems, a highly respected company at the forefront of defense R&D. Our partnership continues to grow, and we look forward to delivering advanced manufacturing solutions that meet their unique needs. Our Kinetic Fusion technology, combined with Triton’s expertise, has the potential to drive innovation across the defense industry and beyond.”
A Triton Systems representative, said:
“We are excited to continue our innovative partnership with Titomic and leverage their Kinetic Fusion technology to improve our manufacturing capabilities. Our two companies complement each other well, and we look forward to continuing to deliver cutting-edge solutions to our customers. The integration of Titomic’s technology into our operations will help us drive innovation and growth.”
This announcement has been authorised for release by the Board of Titomic Limited.
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INVESTOR CONTACT Adrian Mulcahy Automic Group P: +61 438 630 422
MEDIA ENQUIRIES Tristan Everett Automic Group P: +61 403 789 096 E: [email protected]
Titomic Limited Ground floor, 365 Ferntree Gully Road Mount Waverley, Victoria 3149, Australia
[email protected] | titomic.com
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ABN 77 602 793 644
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ABOUT TITOMIC LIMITED
GENERAL BUSINESS
ADDITIVE MANUFACTURING
Armaments
Ballistic Protection Structures Tooling Embedded Sensors
COATING & REPAIR
Metal Restoration Wear Resistance Corrosion Protection Conductive Coating Inductive Coating Radiation Shielding
Titomic Limited (ASX: TTT) is an Australian public company specialising in large integrated solutions for industrialscale metal additive manufacturing, using its patented cold spray additive manufacturing (Cold Spray AM) technology. Titomic provides Cold Spray AM solutions, OEM production and R&D services to the global Aerospace, Defence, Shipbuilding, Oil & Gas, Mining and Automotive industries. Titomic also offers global sales and support for all of its Cold Spray AM activities from its Melbourne Head Office, as well as through local presence in the USA and Europe. Titomic delivers competitive advantages in metal additive manufacturing at every stage in the product value chain. For more information, please 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.
Titomic Limited Ground floor, 365 Ferntree Gully Road Mount Waverley, Victoria 3149, Australia
[email protected] | titomic.com
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ABN 77 602 793 644