Titomic Limited (ASX:TTT) Sells Cold Spray System to UNT
Strategic Sale Announcement
Titomic Limited (ASX: TTT) has sold a custom Titomic Kinetic Fusion® (TKF) Cold Spray System to the Center for Agile and Adaptive Additive Manufacturing (CAAAM) at the University of North Texas (UNT) for approximately AUD 1.1 million. This collaboration highlights Titomic’s capabilities in cold spray system design and implementation.
Impact on Research and Industry Collaboration
The newly installed system aims to support UNT’s educational goals and foster advanced research initiatives. It also aims to strengthen collaborations with local industries, reinforcing UNT’s position as an innovation hub in additive manufacturing.
CEO’s Insights on Future Growth
Titomic’s commitment to advancing technology through partnerships with academic institutions is evident. This sale not only enhances visibility but also validates Titomic’s market presence in the U.S. “Our partnership with UNT is a key step in our strategic goal to drive long-term growth,” stated Geoff Hollis, Chief Financial Officer of Titomic.
Expanding Global Presence
UNT joins a prestigious list of U.S. partners, including Triton Systems USA and the U.S. Navy’s NAVSEA, which utilize Titomic’s high-performance systems. This alliance is crucial for Titomic as it continues to expand in global aerospace, defence, marine, and research sectors, following the standards set by SAE International.
This announcement has been authorised for release by the Board of Titomic Limited.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.