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- Australian digital manufacturing solutions company, Titomic (TTT) has provided the market with a December update
- The company is in discussions with five new defence projects in the USA to supply parts to major defence primes
- It is also in negotiations with four new space rocket and satellite projects
- Titomic is trading steadily on the market today with shares trading for 98 cents each
Australian digital manufacturing solutions company Titomic (TTT) has provided the market with a December update.
Titomic metal parts were showcased at the USA Defence Manufacturing Tradeshow. It highlighted the capability of Timomic Kinetic Fusion (TKF) to the U.S. Army, Department of Defence and Defence Primes.
“The team at Titomic has worked diligently throughout 2019 to validate Titomic Kinetic Fusion as a commercially viable Additive Manufacturing technology,” Managing Director Jeff Lang said.
“TKF process provides the unique capabilities of affordable, efficient and sustainable manufacturing to industries that are still dependent on, and restricted by, traditional manufacturing methods,” he added.
Currently, the company is in discussions with five new defence projects in the U.S. to supply parts to major defence primes.
Not only did it show its product to the army but to the space industry as well. The company showcased its technology at the USA Space Industry Conference showing the affordability TKF to process lightweight, high strength titanium parts.
Titomic was successful as it managed to be in negotiations with four new space rocket and satellite projects to supply parts for the global space industry primes.
“Titomic has entered a new chapter of its strategic growth by evolving our commercial opportunities coming from the massive U.S. market across the three large industries of Space, Aerospace and Defence,” Jeff told the market.
The company also announced it has finalised the distribution agreement for TFK machines and consumables in Turkey with Btech.
“We are looking forward to expanding our commercial growth in 2020 as the major pioneer of a truly affordable and efficient digital metal additive manufacturing technology for industry,” Jeff added.
Titomic is steady on the market today and is trading at 98 cents per share at 12:29 pm AEDT.
