- Previously unexplored maritime revenue segment opens for Titomic
- Award confirms Titomic’s advanced manufacturing application for maritime industry
- Titomic wins ‘Best Maritime Innovation’ award at Pacific 2017 International Maritime Exposition
Melbourne, Australia, 9 October, 2017: Australian metal additive manufacturing company Titomic Limited (ASX:TTT) marked a milestone at Pacific 2017 International Maritime Exposition in Sydney last week, winning the ‘Best Maritime Innovation’ award.
Receipt of the maritime industry’s acknowledgement of Titomic’s Kinetic Fusion potential applications at Pacific 2017 adds yet another new industry for Titomic to target for revenue generation. Titomic CEO and CTO Mr. Jeff Lang commented:
“We are all delighted to have won ‘Best Maritime Innovation’ award at Pacific 2017. It’s exciting to see the high level of interest in Titomic’s Kinetic Fusion technology from multiple industries. This increases our potential revenue target markets for Titomic to expand into as we seek to deliver the maximum value for our investors.”
Titomic’s Kinetic Fusion process has many advantages over traditional forms of manufacturing, including Titomic’s faster production speed, shape and size capabilities. These advantages appear to be unilateral across a number of load-bearing titanium alloy industries with Titomic also attracting interest from the aerospace industry, which is the largest beneficiary of titanium components.
Pacific 2017 International Maritime Exposition was part of a three-day conference in Sydney, which included a two-day innovation showcase organised by the Defence Science Institute, Industry Defence and Security Australia Limited and Defence SA. Pacific 2017 is the only comprehensive international exhibition of its kind in the Indo-Asia-Pacific region, showcasing commercial maritime and naval defence industries to decision-makers from around the world.
Forward looking statements
Certain statements made in this release are forward-looking statements and are based on Titomic’s current expectations, estimates and projections. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,”estimates,” “guidance” and similar expressions are intended to identify forward-looking statements. Although Titomic believes the forward-looking statements are based on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Titomic’s control, including those risks or uncertainties inherent in the process of both developing and commercialising technology. As a result, actual results could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Titomic will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.