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Titomic (ASX:TTT) signs deals with Shree Rapid Technologies, expands presence in India

Materials
ASX:TTT      MCAP $57.07M
15 March 2021 17:45 (AEST)

Titomic (TTT) has partnered with Shree Rapid Technologies to market and sell its Titomic Kinetic Fusion (TFK) capabilities in India.

Based in Victoria, Titomic specialises in industrial-scale metal additive manufacturing using its patented TFK technology, which provides unmatched capabilities to create bespoke metal parts that are lighter and stronger, faster than ever before.

Titomic’s partnership with Shree, India’s premier supplier of additive manufacturing technology, will allow it to utilise Shree’s extensive sales and marketing reach to promote TFK in the Indian manufacturing market.

Importantly, the agreement ensure that products produced in India using TFK meet stringent military requirements, including performance in temperature extremes and robustness and durability in demanding operating environments.

Titomic anticipates the partnership will overcome present limitations on the 3D printing production process and materials in India.

Titomic Interim CEO Norbert Schulze said the company, through Shree, is excited to enter the high-tech Indian market with its technology.

“Banking on their experience in the market and the successes of Shree Rapid Technologies in India makes us optimistic that the relationship is another important step in spreading TFK technology across the globe for the benefit of our customers,” Norbert said.

Meanwhile, Shree Rapid Technologies Partner Nitin Chaudhari acknowledged Titomic’s proven reliability in metal additive manufacturing.

“Having [Titomic] on board with us is of great advantage to boost our aim of being the sole provider of end-to-end solutions in the Indian additive manufacturing industry,” Nitin commented.

Titomic shares are up 5.56 per cent, trading at 57 cents at 3:40 pm AEDT.

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