Corporate update - February 2018

Highlights include:

 

  • Development of new fully-automated facility remains on schedule

 

  •  Key nitrogen gas supply installed at the Company’s new Melbourne facility

 

  • Appointment of key personnel with global industry expertise

 

  • Experienced bicycle designer, Peter Teschner as General Manager of Bike Division;

 

  • Leading Titanium Industry Executive, Trent Mackenzie as General Manager of Aerospace &
    Resources Division; and

 

  • Additive manufacturing expert John E. Barnes joined the board as Non-Executive Director

 

  • Australian patent granted alongside existing US, China, Japan and New Zealand patents

 

  • Further patents expected in near term


Melbourne, 1 February, 2018: Australian metal additive manufacturing company, Titomic Limited
(ASX: TTT) (“Titomic or “Company”) provides the following update on its operational progress and
business development.

 

Update on new Melbourne facility

 

Development of Titomic’s new fully-automated manufacturing facility in Melbourne continues to
progress on schedule. The nitrogen gas supply, a key element of the Titomic Kinetic Fusion process,
was installed this week. As previously announced, the Company anticipates the manufacturing
facility will be ready in Q1 CY2018, with production trials to commence in Q2 CY2018.

 

Strengthening of management team and board

 

Titomic has continued to strengthen its board and management team with the appointment of several
well-respected experts in the Metals and Additive Manufacturing fields.

 

Mr. Peter Teschner has joined Titomic as General Manager of Bike Division. With over 25 years’
experience, Peter is one of the most experienced bicycle designers in the industry and and his
bicycles are recognised globally for their innovative build and superior performance qualities.

 

Mr. Trent Mackenzie has been appointed General Manager of Business Development for Aerospace
& Resources Division. With more than 40 years’ experience in metallurgy and business development
in the aerospace, oil & gas, mining, chemical, power generation sectors, Trent is a leading metals
industry expert. He is the former Managing Director at Allegheny Technologies International (NYSE:
ATI), a global market leader in titanium and other high-performance metal alloys.

 

Mr. John E. Barnes has been appointed to Titomic’s Board to serve as a Non-Executive. John is a
well-respected additive manufacturing leader and acknowledged as a global expert in metal
powders, Titanium and 3D Printing. He has more than 25 years’ experience in global senior 
management roles for Honeywell (NYSE:HON), Lockheed Martin (NYSE: LMT), Arconic (NYSE:
ARNC) as well being the former Program Director at CSIRO.

 

Titomic is delighted to welcome these highly experienced experts to the Company. Their
contributions will provide the Company with industry leading expertise in their fields, as well as a
wealth of technical knowledge which will benefit Titomic and its customers.

 

New patents

 

As announced yesterday, Titomic has been granted its Australian Patent for the application of cold-
gas dynamic spraying of titanium or titanium alloy particles onto a scaffold to produce a load-bearing
structure.

 

This patent strengthens Titomic’s position in the Australian manufacturing market and supports its
ability to provide manufacturing capabilities to key sovereign industries which could lead to the future
export of Australian innovation. In addition, the European patent office have completed examining
pending patent applications and the Company expects this patent to be granted in the near term.

 

Commercial update

 

Titomic will be part of the Team Defence Australia group to exhibit at the upcoming Singapore
Airshow 2018 from 6-9 February 2018. The Singapore Airshow is Asia's largest aerospace and
defence event and is attended by international manufacturers. Titomic will be showcasing Titomic
Kinetic Fusion’s applications in the Aerospace and Defence sectors for business development and
follow up on existing opportunity discussions.

 

Commercial discussions are at various stages with a number of potential new customers for product
and manufacturing licences leading to Titomic system sales in consumer & sporting goods,
aerospace, defence, mining, marine and manufacturing industries. Titomic looks forward to updating
the market on these commercial opportunities at the appropriate time.

 

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Contacts:

 


Peter Vaughan
Company Secretary & CFO
+61 (0) 403 711 233
investors@titomic.com

James Strong
Citadel Magnus
+61 (0) 448 881 174
jstrong@citadelmagnus.com

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