Titomic (ASX:TTT) Enters Major Middle Eastern Markets – The Market Herald

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  • Titomic (TTT) signs an agreement with Repkon to become an official reseller of the company’s systems in Turkey, the United Arab Emirates (UAE) and Saudi Arabia
  • The deal marks the company’s entry into key markets in the Middle East, which will create a strong presence in the region
  • Titomic Managing Director Herbert Koeck says reseller agreement is a “natural extension” of a joint venture signed in June to establish a cold-spray hybrid manufacturing plant to supply barrels to the defense sector
  • At market close, Titomic shares were trading at 27.5 cents

Titomic (TTT) has signed an agreement with Repkon Foreign Trade and Marketing to become an official reseller of Titomic systems in Turkey, United Arab Emirates (UAE) and Saudi Arabia.

The agreement marks the company’s entry into key markets in the Middle East, which will create a strong presence for the company in the wider region.

Titomic chief executive Herbert Koeck said the reseller agreement is a “natural extension” of the company’s extensive joint venture signed in June. The agreement was to establish the world’s first hybrid cold spray manufacturing facility to supply barrels to the defense industry.

“This will provide various revenue streams and enable additional support to Titomic’s target customers in the region, and combined with Repkon’s expertise in metal fabrication, will further strengthen Titomic’s reach and effectiveness in these regional markets by growth.

“This development of Titomic’s relationship with Repkon will accelerate Titomic’s business growth in the region and open the door to new opportunities in the aerospace and defense industries.”

Repkon CEO Ibrahim Kulekci said his company is able to bring this new technology to the Middle East market further and faster.

“We are now well positioned to expand into this lucrative region, and we continue to expand our sales networks and pursue opportunities for Repkon and Titomic technology.

At market close, Titomic shares were trading at 27.5 cents.

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