Titomic announces sale of TKF 1000 cold spray system to Repkon Titomic joint venture

Titomic Limited (ASX: $TTT) has announced the sale of a TKF 1000 cold spray system to the Repkon Titomic Production Technologies and Trade Co. Inc joint venture for a total of A$2.3 million. The joint venture, in which Titomic holds a 49% interest, aims to establish the world's first hybrid cold spray manufacturing facility in Turkey, revolutionizing barrel manufacturing by combining Titomic's TKF technology with Repkon's flow-forming techniques.

Executive commentary on the sale of TKF 1000 cold spray system

The sale of this System is a strong and important step for the Repkon Titomic joint venture toward producing high-performance barrels for the defence sector. This represents the first step towards production of barrel blanks and generating ongoing revenues from the joint venture. We anticipate the completed Facility will provide competitive and novel capabilities for the global defence sector and bolster Titomic's position as a globally competitive manufacturing provider, expanding on Titomic's reputation and agreements with major defence players such as Triton, BAE Systems, Boeing, and Airbus.

Summary of Titomic's sale of TKF 1000 cold spray system and outlook

Titomic Limited (ASX: $TTT) has successfully sold a TKF 1000 cold spray system to the Repkon Titomic joint venture, marking a significant advancement in the establishment of the world's first hybrid cold spray manufacturing facility in Turkey. The joint venture's aim to revolutionize barrel manufacturing by leveraging Titomic's TKF technology alongside Repkon's flow-forming techniques is expected to provide competitive and novel capabilities for the global defence sector. With the anticipation of further system sales and the commencement of commercial barrel manufacturing, Titomic is poised to strengthen its position as a globally competitive manufacturing provider, further expanding its reputation and agreements within the defence industry.