Titomic Limited (ASX: TTT) (‘Company’) and Shree Rapid Technologies (SRT) have announced the formation of a relationship to market and sell Titomic’s Kinetic Fusion® (TKF) capabilities in Indian manufacturing industries.
The two companies have signed an agreement whereby SRT will use its extensive sales and marketing reach as well as industry and market expertise in India to promote Titomic’s TKF technology. Established in 2007, SRT has become the premier supplier of additive manufacturing technology in India, with global brands as the principal partners, SRT has established itself as the enablers of 3D printing in India. With this new relationship, SRT moves a step closer to its goal of becoming an end-to-end additive manufacturing workflow supplier to the manufacturing industry.
SRT’s agreement with Titomic will enable products manufactured with TKF technology to meet stringent military requirements, including performance in temperature extremes, robustness, and durability under very demanding operating environments. It will fill an important performance gap in the Indian additive manufacturing sector overcoming the current 3D printing production process and materials limitations.
Norbert Schulze, Interim CEO of Titomic commented:
“We are excited about the possibility to enter the hightech Indian market with our TKF technology through SRT. Banking on their experience in the market and the successes of SRT in India makes us optimistic that the relationship is another important step in spreading TKF technology across the globe for the benefit of our customers.”
Nitin Chaudhari, Partner of SRT commented:
“Titomic is a leading company with proven reliability in metal additive manufacturing so, having them 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.”
Shree Rapid Technologies, an industry leader in supplying Additive Manufacturing Technology and Services, with global partners such as Zeiss, GOM, 3D Systems, Markforged, 3D Ceram, Fronius, Materialise, MiiCraft, Zortrax, Techmeta, Titomic, 3Shape, Cartacci, M.A.E and DyeMansion, was founded in 2007 by Mr. Nitin Chaudhari & Mr. Shashidhar Kumar who were one of the first promoters of additive manufacturing in India.
With their continuous efforts, SRT has become the backbone of 3D printing services, having launched a unique Customer Innovation Centre offering clients a glimpse of the 3D Printing world. The Company is set to become the enablers of 3D technology and AM workflow in India.
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.