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.