Australia's Titomic gains on sale of low-pressure spray system

Titomic

04/09/2024 03:33

** Shares of Australia's Titomic  TTT.AX  rise as much as
6.9% to A$0.155
    ** Metal additive manufacturer announces sale of
low-pressure D523 system to U.S.-based Triton Systems
    ** D523 system uses compressed air to spray metal particles
onto the surface, allowing metals to fuse without heat
    ** Co says sale valued at A$72,000 ($48,276)
    ** About 1 mln shares change hands by 0154 GMT, vs 30-day
average volume of 3 mln shares
    ** Stock had more than trebled in value this year, as of
last close

($1 = 1.4914 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))