An update from Titomic Ltd ( (AU:TTT) ) is now available.
Titomic Limited has expanded its North American operations by acquiring a 59,000-square-foot facility in Huntsville, Alabama, for US$7.2 million. This strategic move positions Titomic as a leader in cold spray additive manufacturing, enhancing its capabilities in the aerospace and defense industries. The facility will serve as an Innovation Center, driving advancements in cold spray technology and fostering collaboration with industry and defense partners. The acquisition is supported by a US$5.75 million financing agreement with First National Bank and a $1 million surety from Innovate Alabama. The Huntsville location, near key U.S. defense and aerospace sites, will enable Titomic to contribute to national security and aerospace innovation, focusing on rapid component repair, production of lightweight parts, and advanced coatings. Over the next year, Titomic aims to scale production, expand partnerships, and strengthen workforce development, positioning itself for sustained growth in the U.S. market.
More about Titomic Ltd
Titomic Limited is a global leader in advanced additive manufacturing and cold spray technology, focusing on high-performance manufacturing solutions for the aerospace and defense sectors.
Average Trading Volume: 24,414
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $215.4M
For a thorough assessment of TTT stock, go to TipRanks’ Stock Analysis page.