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Titomic (ASX:TTT) has secured a $1.1 million sale of a custom Kinetic Fusion cold spray system to the University of North Texas (UNT) to support advanced manufacturing research and industry collaboration.
“Cold spraying” involves spraying metal or other materials onto a surface at high velocity to create a coating or build a solid structure.
The system will be installed at UNT’s Center for Agile, Adaptive, and Additive Manufacturing (CAAAM), a research institute focused on next-generation additive manufacturing.
The system is expected to foster partnerships between education, research and local industry, and position UNT as a leading innovation hub.
Jeff Hollis, Titomic’s chief financial officer, said the deal increases the visibility and valuation of Titomic’s technology in the U.S. market.
Titomic stock is trading 4.41% higher at $17.75 on the news.
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