ASX-listed company Titomic Limited has signed a reseller deal with Virginia-based tier 1 military supplier ADS, further expanding Titomic’s presence in the United States.
As part of the agreement, ADS will have the non-exclusive right to market and sell Titomic Kinetic Fusion Systems within the United States.
Systems included in the deal are the low-to-medium pressure cold spray systems such as the D523 and D623, automated Integrated Spray Booth units, and high-pressure Titomic Kinetic Fusion additive manufacturing systems.
The solutions are designed for additive manufacturing, coating and repair, and research and development, which ADS will leverage.
ADS has over 180 employees across the United States and a board of advisors comprised of seven senior, former military personnel.
The agreement provides Titomic with ADS’ significant commercial experience and capacity, allowing an opportunity for Titomic to expand and accelerate its commercial efforts within the United States
The addition of ADS as a reseller complements the agreements with MSI Vikings and Triton Systems, and the acquisition of Tri-D Dynamics.
In an ASX announcement, Titomic said the agreement demonstrates the growing use of Titomic Kinetic Fusion for commercial applications, and further supports Titomic’s revenue goals and growth within key regions and sectors.
“Titomic welcomes ADS as a reseller. The commercial reach and deep expertise of ADS within established sectors such as defence and energy will be invaluable to Titomic’s growth,” said Herbert Koeck, managing director of Titomic.
“Titomic can further scale its expansion in the USA through its US partnerships and quickly capitalise on the vast commercial opportunities that lay ahead in the region,” he added.
