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Titomic Ltd ( ASX : TTT ) 29 October 2021 Review of Operations Q1 FY2022 TITOMIC T Titomic Ltd ( ASX : TTT , Titomic or Company ) is pleased to provide its Appendix 4C cash flow and activity report for the period ended 30 September , Q1 FY2022 . Q1 FY22 Highlights • • On 1 July 2021 , Herbert Koeck , a recognised expert in 3D printing , commenced as Chief Executive Officer Completion of the acquisition of Tri D Dynamics Inc ( ' Tri - D ' ) by Titomic USA , executing on its global strategy in the defence and aerospace industry Sale of TKF1000 System to leading research organisation TWI UK for A $ 2.28m to be shipped in May 2022 $ 2.325 million MMI Grant for space - based applications from the Australian Federal Government Post - quarter end , non - binding agreement with Triton Systems to develop applications in the US marketplace with Titomic Kinetic Fusion ( TKF ) Cold Spray Additive Manufacturing ( CSAM ) Successful completion of $ 9m share Placement in October to accelerate commercialisation and JV activities For personal use only Hebert Koeck , Chief Executive of Titomic , commented : " I am delighted to join Titomic at a time where the demand for our expertise is rapidly growing as the manufacturing industry undergoes major structural shifts and we reset our strategy to focus on the commercialisation of our Titomic Kinetic Fusion technology . Throughout the quarter , I have been energised by the positive progress we continue to make as we prepare to scale globally with JV partners in aerospace and defence buoyed most recently by a successful share - Placement to support our plans . We also have our first TKF Machine sales order to TWI UK to be shipped in May 2022 under the partnership secured during the quarter . " From a global perspective , the acquisition of Tri - D marked another milestone in our strategy to be a global solutions leader in additive manufacturing , and the addition of the Tri - D founders to our Titomic USA team has been highly beneficial to our broader efforts to commercialise our Cold Spray Additive Manufacturing ( CSAM ) technology . We are confident we have the right growth strategy in place and I'm excited to be leading a new management team as we build our global go - to - market transformation and deliver on our FY22 business plan . " Operational Update Tri - D Dynamics acquisition In Q1FY22 , the Company formed a wholly owned subsidiary Titomic USA Inc , completing the acquisition of the business of Tri D as at the close of business on 9 July 2021. This acquisition is an important milestone and in line with Titomic's strategy to be a global solutions leader in additive manufacturing . Tri D is a Silicon Valley based design and manufacturing company developing smart pipe infrastructure for the 21st century economy . Tri - D aims to upgrade and electrify infrastructure by embedding electronics directly www.titomic.com info@titomic.com 3/270 Ferntree Gully Road NOTTING HILL VIC 3168 Page 1 of 4 ACN 602 793 644