TTT 4.44% 9.4¢ titomic limited

Additive Manufacturing Fire DoorAgency DetailsContact Name: Navy...

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    Additive Manufacturing Fire Door

    Agency Details

    Contact Name:
    Navy Strategic Command

    Contact Phone:
    00

    Contact Email:

    Branch:
    Navy Strategic Command

    Division:
    NAVY STRATEGIC COMMAND

    Office Postcode:
    2600

    CN ID:
    CN3670506
    Agency:
    Department of Defence
    Publish Date:
    2-Apr-2020
    Category:
    Machined castings
    Contract Period:
    30-Mar-2020 to 22-May-2020
    Contract Value (AUD):
    $86,762.50
    Description:
    Additive Manufacturing Fire Door
    Procurement Method:
    Limited tender
    Limited Tender Condition:
    10.3.g. Prototype intended for limited trial or developed at the entity's request for a research, experiment, study, or original development contract.
    Confidentiality - Contract:
    No
    Confidentiality - Outputs:
    No
    Consultancy:
    No
    Agency Reference ID:
    4501095772

    Supplier Details

    Name:
    TITOMIC LIMITED
    Postal Address:

    Town/City:
    NOTTING HILL
    Postcode:
    3168
    State/Territory:
    VIC
    Country:
    AUSTRALIA


    Got this info from a broker late Friday who was sifting through the AusTender site and stumbled upon a contract win for TTT. When he called TTT to ask why it was not announced to the ASX, the company offered only a "no comment". Take that to be that they are bound by a confidentiality agreement.

    Like the Airbus contract, the $ value is small, but look beyond that to the big picture. It's just another endorsement of the technology and will ultimately lead to a big value contract.

    Once the fire door is delivered to the Navy, it is likely to lead to purchase orders as the tech works and its likely more cost effective than other other titanium solution available. The doors are opening for TTT!!


    https://www.tenders.gov.au/Cn/Show/?Id=4d00f0dd-664a-47af-866e-0fad51e8e035

 
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