Titomic Says Unit Secures Four US Contracts Worth Over $500,000; Shares Up 4%

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Titomic Says Unit Secures Four US Contracts Worth Over $500,000; Shares Up 4%

MT Newswires Live08:49

Titomic's (ASX:TTT) Titomic USA subsidiary secured four new contracts totaling $534,000 across the defense, research, and energy sectors in the US, according to a Monday filing with the Australian bourse.

The Titomic unit received a new contract from an existing defense customer to conduct trial sprays and testing of multiple advanced metallic and hard coating materials and an order from a global energy technology company for a Titomic Kinetic Fusion (TKF) 623 medium-pressure cold spray system, the filing said.

The subsidiary also completed the sale of a TKF 523 system to an energy and defense company and received a further contract from a defense research organization for a TKF 523 Tactical configuration, per the filing.

Titomic shares rose past 4% in morning trade Monday.

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