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.
TTT Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
