CEO, Titomic
Stories naming Herbert Koeck. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup of five popular stories: a Victorian hydrogen plant groundbreaking, Titomic's CEO change and $30 million raise, a defence laser contract, a WA shipbuilding precinct, and Civmec's framework to take over Luerssen Australia.
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Titomic is handing its top job to aerospace veteran Jim Simpson: the incumbent CEO leaves at year's end, the chairman goes executive, and brokers are reportedly lining up investors for a raise.
Titomic has hired Dr Patricia Dare to head its push into the United States defence market, citing recent equipment sales there, including a roughly $1.2 million system deal with Triton Systems.
Roundup: Arafura Rare Earths banks $25m for its rare earths project; Incitec Pivot, Electro Optic Systems and Alpha HPA announce leadership changes; Titomic extends its MD's contract; Cobram Estate grows US olive output.
Titomic has received a European Union Horizon Europe CoBRAIN grant worth 260,000 Euro to fund AI and machine learning research into its cold spray manufacturing processes.
Titomic and Repkon have formalised a joint venture for a gun barrel facility in Turkey, not Australia as first planned. Titomic expects equipment sales to the venture, and Repkon's earlier $2.5 million investment is recalled.
Year-end review of Australian additive manufacturing in 2021: MMI grants for Romar, Titomic and SPEE3D, Titomic's raises and acquisitions, Conflux's Series A, Aurora Labs' capital raise and leadership changes, and AML3D's listing anniversary.
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