- Titomic (TTT) has reached an agreement with an international engineering group to manufacture and supply its multi-metal product solutions in the U.K.
- Under the heads of agreement, Titmoic will partner with U.K-based NÉOS International to manufacture and sell Invar 36 Faceplates to aerospace, defence, automotive and nuclear industries
- According to Titomic, the products will be manufactured using its kinetic fusion technology and Neo’s engineering and tooling capabilities
- The latest agreement comes as the company lays plans to become the “global solutions leader in additive manufacturing” by working with its customers through joint ventures
- Titomic shares are up 0.92 per cent following the announcement, trading at 55 cents
Titomic (TTT) has reached an agreement with an international engineering group to manufacture and supply its multi-metal product solutions in the U.K.
Under the signed heads of agreement, Titomic and the U.K-based NÉOS International will collaborate to manufacture and sell Invar 36 Faceplates and multi-metal product solutions.
Titomic says the products will be manufactured using its kinetic fusion technology and Neo’s engineering and tooling capabilities, in a bid to service aerospace, defence, automotive and nuclear industries in the U.K.
It marks the latest joint venture for Titomic, which recently secured a partnership to produce weapon barrels in Australia and comes as the company lays plans to become the “global solutions leader in additive manufacturing” by working with its customers through joint ventures.
Titomic’s interim Chief Executive Officer Norbert Schulze spoke highly of the new arrangement.
“We are excited about working with Neos to manufacture high-performance solutions in the United Kingdom using our Kinetic Fusion Technology, providing reduced lead times to the Aerospace sectors by combining Neos’ well established engineering expertise and Titomic’s high-speed additive manufacturing technology,” he commented.
Titomic shares are up 0.92 per cent following the announcement, trading at 55 cents at 1:00pm AEST.