Titomic (ASX:TTT) reports it has further expanded its business footprint into the United States (US) by entering into a reseller agreement with Tier 1 military supplier Atlantic Diving Supply (ADS).
Under the reseller agreement, ADS will have the non-exclusive right to market and sell Titomic Kinetic Fusion Systems within the US, including low-to-medium pressure cold spray systems such as the D523 and D623, automated Integrated Spray Booth units and other manufacturing systems.
It is also reported that ADS will enable Titomic to expand and accelerate its commercial efforts within the US by offering ‘significant’ commercial experience and capacity.
Titomic notes that the addition of ADS as a reseller complements the agreements with MSI Viking and Triton Systems, as well as the acquisition of Tri-D Dynamics and further demonstrates the increasing growth and use of Titomic Kinetic Fusion for commercial applications.
ADS as a reseller also supports the company’s revenue goals and growth within key regions and sectors.
“The commercial reach and deep expertise of ADS within established sectors such as defence and energy will be invaluable to Titomic’s growth”
Commenting on the expansion, Titomic Managing Director, Herbert Koeck says: “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. Titomic can further scale its expansion into the USA through its US partnership and quickly capitalise on the vast commercial opportunities that lay ahead in the region.
The support of ADS, a company with ‘significant’ market presence, further demonstrates the growing support of Titomic’s technology and bolsters our position as the leading cold spray solutions provider.”
ADS is headquartered in Virginia and provides tactical equipment, procurement, logistics, government contract management and supply chain solutions. The company also represents the largest supplier to the US Department of Defense and Department of Energy.
Meanwhile, Titomic is an ASX-listed company that specialises in large integrated solutions for industrial-scale metal additive manufacturing by using its patented Cold Spray Additive Manufacturing (Cold Spray AM) technology. The company provides Cold Spray AM solutions, OEM production and R&D services to the global aerospace, defence, shipbuilding, oil and gas, mining and automotive industries.