Titomic Ltd.
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Senior Management Changes at Titomic

May 4, 2022

Titomic Secures New U.S. Orders Across Strategic Aerospace, Defense, Energy and Industrial Markets

HUNTSVILLE, AL – Titomic Limited (ASX: TTT) (“Titomic” or the “Company”), an advanced manufacturing company delivering high-performance products and sustainment services for aerospace, defense, energy, and industrial markets, is pleased to announce that it has received new purchase orders from major U.S. defense primes and energy companies over the past two weeks with a combined value exceeding A$750,000.

The U.S. orders have been received from major aerospace prime contractors and a leading company in the energy sector spanning several of Titomic’s highest-priority markets, including:

  • Military and commercial space;
  • Commercial and military aircraft; and
  • Oil & gas.

The significance of the orders extends beyond their initial value, further validating Titomic’s strategy to focus its proprietary cold spray and Titomic Kinetic Fusion™ capabilities on mission-critical applications in markets where speed, material performance, supply-chain resilience, and advanced manufacturing capability are increasingly important.

The new orders provide both near-term revenue and further evidence of customer progression from initial engagement and qualification toward repeat and potentially larger-scale opportunities.

Importantly, the orders further expand Titomic’s relationships and manufacturing credentials with major prime contractors and strategic customers in sectors in the U.S central to its long-term growth strategy.

Titomic Managing Director and CEO Jim Simpson said:

“These orders are important not because they represent more than A$750,000 in new business, but because of where they are coming from and what they signal for Titomic’s future. Over the past several years, we have deliberately focused the Company on markets where our technology can solve meaningful manufacturing and sustainment challenges — aerospace, defense, space and energy. Receiving four U.S. orders in a two-week period across those exact markets is a strong indication that this strategy is gaining momentum. We are increasingly moving from demonstrating what our technology can do to delivering solutions or major customers. While individual orders are important, the broader trend is what gives us confidence. Titomic’s sizeable and growing sales pipeline is increasingly converting into contracted work across the markets we have deliberately targeted.”

Building a Foundation for Repeat Orders and Expanded Production

Titomic’s commercial strategy is focused on securing initial customer applications that can establish technical and manufacturing credibility and create pathways toward qualification, repeat orders and larger production programs with significant recurring revenue.

The latest orders affirm this strategy across multiple end markets and demonstrate the increasing relevance and advantages of Titomic’s advanced manufacturing capabilities to both new production and sustainment requirements.

This announcement has been authorized for release by Titomic’s Board of Directors.

We are pleased to announce the appointment of Mr Neil Matthews and Mr Bruce Colter who will both commence employment with Titomic on Monday 2nd May.

Neil Matthews has extensive experience in the Cold Spray Industry and will be joining Titomic as Head of Business Development – Repairs.
Neil joins Titomic from RUAG where he was the Head of Research and Technology and the Technical Lead for Additive Metal Technologies based in Melbourne. During his 18 years in this industry he has written journal papers, books and contributed to books and is a recognised pioneer and industry leader. In 2021 Neil was appointed a Member of the Order of Australia (AM) in recognition of his outstanding efforts for significant service to aerospace component repair technologies.

Bruce Colter also has substantial Cold Spray experience and is joining Titomic as General Manager –Titomic USA.
Bruce will be based in Michigan, USA where he will be running our North American business focussing on growing the business in that region. He has 25 years of experience in the Digital Manufacturing Sector including Cold Spray Manufacturing. Bruce is a proven business leader having commercialised, grown and rebuilt numerous 3D printing and Advanced Manufacturing businesses, most recently Spee3D America.

Herbert Koeck, Managing Director of Titomic, commented:

“Having two giants of the Cold Spray Industry join Titomic is a clear recognition of the opportunities and exciting future that we have ahead of us. They will assist us in continuing to scale the business in these key markets and segments and we are thrilled to have them on board”

INVESTOR CONTACT

Geoff Hollis
Titomic
Chief Financial Officer
P: +61 438 168 008
E: [email protected]

MEDIA CONTACT

Dr. Patti Dare
Titomic
President, USA
P: +1 408 306 4975
E: [email protected]

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