Tiger Brokers

Titomic Secures Over AU$550,000 in Oil, Gas Contracts

MT Newswires Live
Sep 23

Titomic (ASX:TTT) secured more than AU$550,000 in new contracts for cold spray additive manufacturing systems in Saudi Arabia and Norway, expanding its presence in the global oil and gas sector, according to a Wednesday filing with the Australian bourse.

The contracts include a 265,000 euros order from Saudi Arabia's ASMA Company for Advanced Technologies for a TKF 623 system for King Fahd University of Petroleum and Minerals and a 78,000 euros order from a Norwegian industrial services provider for a ruggedized TKF 523 system for onshore and offshore maintenance, the filing said.

Delivery is scheduled for October in Norway and the fourth quarter in Saudi Arabia, with installation, commissioning, and training included, the filing added.

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