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4 stories mentioning ASX:TTT

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Asia

Titomic Signs Multi-Year Cooperative Research Agreement With US Military Organization

Titomic (ASX:TTT) said its US unit Titomic USA has signed a cooperative research and development agreement (CRADA) with a US military research organization to establish a multi-year framework for collaborative research activities supporting next-generation defense modernization, sustainment, advanced manufacturing, and materials development, according to a Thursday Australian bourse filing.The company said the agreement establishes a framework for multiple research activities designed to advance the proprietary Titomic Kinetic Fusion (TKF) cold spray technology for military applications that require enhanced survivability, improved readiness, and accelerated manufacturing capability.Through the CRADA, Titomic and the government organization will jointly investigate advanced TKF applications related to repair, restoration, advanced materials development, survivability enhancement, and expeditionary manufacturing, it added.The company's shares fell 2% in recent Thursday trade.

ASX:TTT
Asia

Titomic Signs Over AU$1 Million Contract With Lufthansa Technik

Titomic (ASX:TTT) signed a contract valued at over AU$1.2 million with Lufthansa Technik to provide additional cold spray capability to Lufthansa's facility in Hamburg, Germany, according to a Monday Australian bourse filing.Delivery under the contract is expected in the December quarter.Titomic's shares fell past 2% in recent trading on Monday.

ASX:TTT
Asia

Titomic Establishes European Strategic Advisory Group

Titomic (ASX:TTT) established a European strategic advisory group, according to a Thursday Australian bourse filing.The group will guide the company in a "dynamic strategic environment in Europe," Managing Chief Executive Jim Simpson, said.It includes, Dennis Luyt, a former commander of the Royal Netherlands Air Force, Wolfgang Richter, a former commissioner for Education and Training of the German Chief of Defense, and Charlie Stickland, a former chief of Joint Operations for the UK Armed Forces.Titomic's shares fell 2% in recent trading on Thursday.

ASX:TTT
Asia

Titomic Enters Scheme Implementation Deed to Redomicile to US From Australia

Titomic (ASX:TTT) said it has entered into a scheme implementation deed to redomicile itself and its units to the US from Australia by way of a proposed scheme of arrangement with shareholders, according to a Wednesday Australian bourse filing.If the scheme becomes effective, Titomic Inc., a newly formed Delaware corporation, will become the new ultimate parent company, and all ordinary shares in Titomic Limited will be transferred to Titomic Inc.Shareholders will receive a beneficial interest in one share of common stock in Titomic Inc. for every 25 shares held, in the form of Chess depositary interests (CDIs), while the ASX listing will be retained under the existing code TTT, the filing added.Titomic said the redomiciliation will enhance board and leadership participation in the expansion of its US defense business, including engagements with tier-one prime contractors supporting US Department of War programs subject to International Traffic in Arms Regulations export controls.The move positions the Titomic Group to take advantage of the larger US market, growth in the defense industrial base, and the reshoring of sovereign manufacturing, while maintaining its ASX listing, with the board and management team to remain unchanged at this stage, it added.

ASX:TTT