Join our daily newsletter At The Bell to receive exclusive market insights
- Titomic (TTT) signs an agreement with Repkon to become an official reseller of the company’s systems within Turkey, the United Arab Emirates (UAE), and Saudi Arabia
- The agreement marks the company’s entry into key Middle Eastern markets which will create a strong presence in the region
- Titomic MD Herbert Koeck says the reseller agreement is a “natural extension” of a joint venture signed in June to establish a hybrid cold spray manufacturing facility to supply barrels in the defence sector
- At market close, shares in Titomic traded at 27.5 cents
Titomic (TTT) has signed an agreement with Repkon Foreign Trade and Marketing to become an official reseller of Titomic systems within Turkey, the United Arab Emirates (UAE), and Saudi Arabia.
The agreement marks the company’s entrance into key Middle Eastern markets which will create a strong presence for the company within the wider region.
Titomic Managing Director Herbert Koeck said the reseller agreement is a “natural extension” of the company’s extensive joint venture signed in June. The agreement aimed to establish the world’s first hybrid cold spray manufacturing facility to supply barrels in the defence sector.
“It will provide diverse income streams and enable additional support for Titomic’s target customers in the region, and combined with Repkon’s expertise in metal manufacturing, will further strengthen Titomic’s reach and effectiveness within these growing regional markets.
“This development of Titomic’s relationship with Repkon will accelerate Titomic’s commercial growth within the region and open the door to new opportunities in the aerospace and defence industries.”
Repkon CEO Ibrahim Kulekci said its company is able to further and more quickly introduce this novel technology to the Middle Eastern market.
“We are now effectively placed to grow within this lucrative region, and we continue to expand our commercial networks and seek opportunities for Repkon’s and Titomic’s technology.”
At market close, shares in Titomic traded steady at 27.5 cents.
