Total
0
Shares
- Chairman of Pyne & Partners, Christopher Pyne
Chairman of Pyne & Partners, Christopher Pyne
Source: The Advertiser
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 3D printing company Titomic (TTT) has entered into an agreement with Christopher Pyne and his lobbying firm, Pyne & Partners
  • Christopher Pyne is a retired Member of Parliament and Australia’s former Minister for Defence 
  • Under the agreement, Pyne & Partners will assist Titomic to develop revenue-generating opportunities in the defence sector
  • In particular, the firm will help identify funding and partnership opportunities to support commercialisation of Titomic’s Kinetic Fusion technology
  • Titomic is down 7.32 per cent and trading at 57 cents per share

3D printing company Titomic (TTT) has entered into an agreement with Christopher Pyne and his lobbying firm, Pyne & Partners.

Christopher Pyne is a retired Australian politician, who served as a Member of Parliament from 1993 to 2019. Under Prime Minister Scott Morrison, he served as Australia’s Minister for Defence from 2018 to 2019. 

Since he retired from Australian politics, Pyne has continued doing business in the defence sector through his lobbying firm, Pyne & Partners.

Exactly one month ago, his firm was hired by ASX-listed drone security technology company DroneShield (DRO).

DroneShield, the company responsible for the photo of Pyne holding an enormous black drone gun aloft, appointed Pyne & Partners to oversee its bids for government defence contracts.

Under its own agreement with Pyne & Partners, Titomic hopes to receive assistance in developing revenue-generating opportunities in the defence sector. In particular, the company requires help identifying government funding and departmental partnership opportunities to support national and global commercialisation of Titomic’s patented Kinetic Fusion technology.

To that end, Pyne & Partners will help Titomic apply for government work and grants in defence and modern manufacturing portfolios. The firm will also help to identify and harness opportunities for partnerships in the private sector, and provide ongoing government relations support.

Titomic’s Interim Chief Executive, Norbert Schulze, was delighted to announce the agreement, saying that it would enhance the company’s recognition in the market and fast-track commercialisation of its new technology.

Meanwhile, Pyne also commented on the collaboration with Titomic.

“Pyne & Partners is excited by Titomic’s cutting-edge manufacturing technology, and looks forward to working with Titomic to grow the business through securing public and private sector revenue generating opportunities with a focus on the defence sector,” he said.

Titomic is down 7.32 per cent, trading at 57 cents per share at 3:59 pm AEDT.

TTT by the numbers
More From The Market Herald

" Dynamic Group (ASX:DDB) secures six short term contracts worth up to $14.1m

Dynamic Group (DDB) has secured six short-term contracts through its wholly-owned subsidiaries, Orlando Drilling and Drill & Blast.
HGL (ASX:HNG) - Executive Director, Joseph Constable

" HGL (ASX:HNG) launches $15m placement

HGL (HNG) is planning to raise $15 million through a private and conditional placement.

" Parkd (ASX:PKD) shares spike following $8.2m deal for WA development

Parkd (PKD) shares spiked as an $8.2 million Heads of Agreement (HOA) was signed with Coxon Group for a four-level car park an…
YPB Group (ASX:YPB) - Executive Chairman, John Houston

" YPB Group (ASX:YPB) strikes MSA with Australian Dairy Nutritionals (ASX:AHF), settles $1.45m debt

Brand protection specialist YPB Group (YPB) has struck a three-year Master Service Agreement (MSA) for its CONNECT platform with Australian Dairy Nutritionals (AHF).