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Titomic Limited (ASX:TTT)

ALERT: Price-sensitive ASX Announcement for TTT
Current share price for TTT : $0.170 0.01 (6.25%)+
Announcement
Release
31 Jul 2026 9:27AM
Price at Release
$0.160
Full Release
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Summary
Titomic Limited, an advanced manufacturing company, reported significant progress in its second quarter of 2026. The company has advanced its presence in the U.S. defense sector by delivering a major component for a prime defense program and hosting influential defense leaders. It has expanded its capabilities at its Huntsville facility, achieving AS9100 certification, and secured a contract with Lufthansa Technik AG. Titomic has also achieved DNV qualification for oil and gas applications, underlining its technology's effectiveness in various industries. The company announced a scheme to redomicile to the U.S. to enhance its participation in defense programs and continued negotiations for non-dilutive funding. The financial report indicates a net cash outflow from operations and investments, with cash at the end of the quarter standing at AUD 14.3 million.
Key Points
  • Advanced major prime defense program and delivered critical production article.
  • Expanded engagement with U.S. defense primes.
  • Completed commissioning of Huntsville facility and achieved AS9100 certification.
  • Secured contract with Lufthansa Technik AG worth over AUD 1.2 million.
  • Achieved DNV qualification for oil and gas industry.
  • Progressed U.S. redomiciliation plan.
  • Signed multi-year U.S. Defense CRADA.
  • Celebrated one year of U.S. operations expansion.
  • Entered strategic partnership with The Welding Institute (TWI).
  • Continued negotiations for $US25 million non-dilutive funding.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.