Titomic signs collaborative agreement with Callaway Golf Company
- 12-month collaborative agreement signed with world’s largest manufacturer of golf clubs
Melbourne, Australia, 8th May, 2018: Australian metal additive manufacturing company, Titomic
Limited (ASX: TTT) (“Titomic” or “the Company”) has entered into a collaborative agreement with
Callaway Golf Company (NYSE: ELY) (“Callaway”).
Callaway Golf Company is an American global sporting goods company that designs, manufactures,
markets and sells golf equipment, golf accessories and golf lifestyle-related products in more than
70 countries worldwide. The American company, based in Carlsbad, California, is the world’s largest
manufacturer of golf clubs.
The exclusive collaborative agreement, which begins with immediate effect and lasts for 12 months,
focusses on Titomic’s advanced additive manufacturing skills and the utilisation of its proprietary
Titomic Kinetic Fusion process to develop novel products.
Commenting on the agreement Jeff Lang, CEO & CTO of Titomic said:
“We are very pleased to announce this collaborative agreement with the world’s largest golf
club manufacturer.
This agreement establishes a strategic alliance with the intention of incorporating our Titomic
Kinetic Fusion additive manufacturing process into the manufacturing of golfing accessories
and will be carried out at our new state of the art Melbourne facility which houses the world’s
largest 3D metal printer.”
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TTT Price at posting:
$1.70 Sentiment: Buy Disclosure: Held
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