Titomic inks deal with Boeing for Additively Manufactured Parts

Company News

by Anna Napoli

Titomic (ASX:TTT) has today announced it has signed an agreement with Boeing to deliver additively manufacturing test parts for airplanes.

This initial agreement is for $170,000 for test parts.

Currently, with traditional manufacturing process, there is up to an 80% material waste and 6-month lead time to CNC machine these parts.

 Titomic says its Titomic Kinetic Fusion (TKF) produced parts will allow Boeing a significant reduction in production lead-times, improved performance for composite part production and cycle times.

Shares in Titomic (ASX:TTT) are trading 2.87 per cent higher at $2.51.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.