Australia to fund Japan and South Korea with titanium

Titomic Limited will distribute its Titomic Kinetic Fusio systems to Japan and South Korea and supply aerospace-grade gas-atomised titanium metal powders globally.

The decision comes after a memorandum of understanding was signed between TTT and Japanese companies Osaka Titanium technologies Co. Ltd. (ASX: OTC) and Marubeni Corporation (ASX: Marubeni).

The contract will leverage off Marubeni’s extensive global customer network into energy, metals, power generation, shipping, heavy industries, and automotive markets to distribute TKF systems for revenue opportunities.

“Marubeni has been supplying titanium raw materials to OTC for decades. We’re very happy to have this opportunity to support OTC and Titomic in a new field of titanium powder. We believe the demand for TKF system and powder supply has significant potential in the future. We also believe we will have great success through combining Titomic’s leading-edge technology, OTC’s high-quality titanium powder and our network in the world,” Marubeni General Manager, Mr. Yusuke Yamamoto said.

Please find announcement attached