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Integrated Spray Booth Sold to Epcor BV

21 November, 2023

Titomic Limited (ASX: TTT) (“Titomic” or “Company”), a leading manufacturing technology company specialising in advanced manufacturing and coatings, is pleased to announce the sale of a Titomic Integrated Spray Booth (“ISB” or “System”) to Epcor.

The ISB was sold to Epcor for EUR 310,000 (AUD 516,615) and is expected to be delivered and installed in the coming months.

EPCOR is a leading, multi-product maintenance repair & overhaul provider. EPCOR offers its 200 customers comprehensive technical support. EPCOR employs over 200 employees and maintains 3,600 components and 300 APU’s annually.

It’s expected that the ISB sold to Epcor will be used to develop and implement high performance coatings for aerospace applications as well as maintenance and sustainment activities.

Herbert Koeck, Managing Director of Titomic, stated:
“We’re proud to be supply Epcor, a major maintenance firm, with this versatile technology. This is another demonstration of how Titomic is commercialising its innovative technology within the aerospace industry. In doing so, Titomic is providing critical and innovative capabilities to these customers, enabling them to create higher performing parts and maintain critical equipment more efficiently.”

Rob van de Graaf, Commercial Director at EPCOR stated:
“Cold spray technology can revolutionize the aviation industry. This innovative process involves accelerating metal or composite particles at supersonic speeds, which, upon impact, bond to a surface, creating strong, durable coatings or repairs.

It’s ideal for restoring worn aircraft components, reducing maintenance costs, and extending the lifespan of critical parts. With its impressive versatility and efficiency, cold spray is becoming a vital tool in modern aviation maintenance and will play an important role in making the industry more sustainable. EPCOR is looking forward to working closely together with Titomic on this project”.

This announcement has been authorised for release by the Board of Titomic Limited.

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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.

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