This announcement can be read in so many different ways so anything here is all guess work
i don’t read this as negatively as others may
the deal with TAUV May have locked TTT into exclusivity over defence products which may not be in their best interests, hence exploring other opportunities
i also find the comment of TAUV being a start up as interesting language in the announcement. Start up brings risk, just as TTT has its risks
theres a bit more to play out here. Jeff is an experienced operator so I highly doubt it’s all doom and gloom because one deal hits the skids
TTT was always an end of 2020 prospect to really prove up the technology and land some contracts. Nothing has changed in my view
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Ann: Titomic to review defence contract strategy, page-16
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