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Titomic (ASX:TTT) receives $260k manufacturing purchase order from Triton Systems

ASX News, Materials
ASX:TTT      MCAP $211.5M
03 March 2023 14:50 (AEDT)

Titomic (TTT) has received a $260,000 dollar purchase order from a leading US developer and provider of advanced technologies, Triton systems.

The purchase order will be for the manufacture of components using Titomic’s patented additive manufacturing technology.

TTT said this highlighted the strong demand for its cutting-edge manufacturing capabilities in key markets of the United States.

“We’re proud to receive this purchase order from Triton Systems, a highly respected company at the forefront of defence R&D,” Titomic Managing Director Herbert Koeck said.

“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 defence industry and beyond.”

The two companies entered into a partnership back in March 2020 to introduce Titomic Kinetic Fusion into the US Department of Defence.

Titomic shares were up 3.57 per cent and trading at 14.5 cents at 2:41 pm AEDT.

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