Titomic Ltd (AU:TTT) has released an update.
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Titomic Ltd has announced the kickoff of their joint venture with Repkon, with an initial A$2.3 million order for a TKF 1000 cold spray system, marking a significant step forward in high-performance barrel manufacturing for the defence sector. The sale is part of a broader collaboration aimed at establishing a hybrid manufacturing facility in Turkey, which promises to enhance barrel production with faster times and access to advanced materials. This move is set to solidify Titomic’s growing influence in the defence industry and is expected to lead to further sales and revenue from consumables and shared profits from the manufactured barrels.
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