Titomic Ltd.
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Titomic sells its first ‘Titomic D523 System’ in Asia Pacific.

May 27, 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.

Titomic Limited (ASX: TTT) (Titomic or Company) is pleased to announce Titomic Australia’s first sale of its Titomic D523 System (“System”) into Asia Pacific. The System has been sold to D&C Coating in Singapore – a surface engineering and repair specialist servicing the oil & gas industry.
The highly versatile and portable system can be used to rapidly deposit metals to restore damaged and corroded parts, rapidly apply material coatings, and simplify preventative and general maintenance.
In addition to Titomic’s high-pressure cold spray technology – Titomic Kinetic Fusion (“TKF”) – the D523 low-pressure System extends Titomic’s product line, adding versatility and expanding
Titomic’s offering within the repairs and coatings market. Globally, the cost to remediate the effects of corrosion costs $276 billion annually, spanning oil & gas, mining, infrastructure & transportation, and defence. As such, the repairs and coatings markets remain a strong focus for Titomic’s commercial expansion.
The system’s capabilities include:
• On-site repair and restoration of anti-corrosion coatings and parts, and on-site repair of damage to hydraulic cylinders (often without having to dismantle them),
• Application of anti-corrosive coatings on components used in the production of offshore installations and other corrosive environments.
Herbert Koeck, Managing Director of Titomic, commented:

“The Titomic Australia team has rapidly adopted this new technology and is finding numerous applications and opportunities within Australia and the greater APAC region. This well-established System – and the decades-long experience of our Titomic Europe team – we’re enabled to respond rapidly to market needs in APAC and beyond.
The key takeaway is that our technology improves uptime of expensive and critical infrastructure and machinery. It’s no longer necessary to hold expensive components in stock or suffer from failing equipment, as our versatile and holistic technology offering allows rapid on-site field repair for abroad and varied range of industries.”

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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