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TITOMIC LIMITED — Capital/Financing Update 2023
Feb 28, 2023
65963_rns_2023-02-28_c67bff17-2da4-4bdb-aeb2-490e7151a760.pdf
Capital/Financing Update
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March 1, 2023
ASX Announcement
GENERAL BUSINESS
Titomic receives purchase order from Boeing to continue research and development
ADDITIVE MANUFACTURING
Armaments
Ballistic Protection Structures Tooling Embedded Sensors
COATING & REPAIR
Titomic Limited (ASX: TTT) (“Titomic” or “Company”) is pleased to announce it has received a purchase order from Boeing Space, Intelligence, and Weapons Systems (Boeing) for AUD 132,174 for the continuation of flight qualifications of Titomic Kinetic Fusion manufactured components, which were initiated in 2021.
Further, the purchase order is a result of an agreement made between Titomic and Boeing in May 2019, which was centered around the production of additively manufactured test parts. Since then, both companies have made progress in their testing and development of Titomic Kinetic Fusion technology for various aerospace applications.
Metal Restoration Wear Resistance Corrosion Protection Conductive Coating Inductive Coating Radiation Shielding
The receipt of the purchase order is a positive development and marks the next step in the productive relationship between the two companies, as well as a step towards commercial manufacturing on a larger scale.
Herbert Koeck, Managing Director of Titomic, commented:
“This purchase order from Boeing is a significant milestone for Titomic and affirms the exceptional work our team has been doing. We are honored to continue collaborating with Boeing in developing advanced manufacturing applications for aerospace components using our Titomic Kinetic Fusion technology. It is a strong testament to the success we’ve achieved in our testing and development, bringing us one step closer to commercialising our technology on a larger scale. We look forward to continuing our partnership with Boeing and to the future”.
This announcement has been authorised for release by the Board of Titomic Limited.
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INVESTOR CONTACT Chris Healy Titomic P: +61 (0) 429 988 083 E: [email protected]
MEDIA ENQUIRIES
Ben Andrews
Titomic
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