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16.5¢ titomic limited

Ann: Airbus selects Titomic as supplier of cold spray equipment, page-10

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Bakmaam90

2,884 Posts.

541

16/10/23

11:03

Post #: 70362833
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Originally posted by Lenny08 ↑

Titomic Limited (ASX: TTT) (“Titomic” or “Company”, a leading additive manufacturing company, is pleased to announce that it has been selected by the Airbus Group (Airbus) as the chosen supplier for cold spray additive manufacturing, repairs, and maintenance equipment.As part of the agreement, Airbus has issued a purchase order for two Titomic Kinetic Fusion systems (“System” or “Systems” for EUR 386,900 (AUD 645,000), subject to Airbus’ final configuration requirements.Titomic will recognise the revenue for this sale in three stages - 50% of the revenue has been recognised upon receipt of the purchase order, with an additional 40% to be recognised before shipping the Systems, with the remaining 10% to be recognised after the successful completion of the Site Acceptance Testing.

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Airbus has issued a purchase order
50% of the revenue has been recognised upon receipt of the purchase order

So thats another $322,500 Revenue in the bank

TTT Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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Last 16.5¢		Change -0.010(5.71%)		Mkt cap ! $193.8M

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No.	Vol.	Price($)
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6	264744	0.155
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