Titomic (ASX:TTT) made its first sale of its D523 cold spray system to the US Navy's Naval Sea Systems Command (NAVSEA), expanding its footprint in the defense sector, according to a Tuesday filing with the Australian bourse.
The sale was made via the metal additive and coating and repair firm's reseller, Anywise America.
The company is currently in talks with NAVSEA for future commercial opportunities, the filing said.
Company shares rallied past 12% at market close on Tuesday.
Price (AUD): $0.19, Change: $+0.020, Percent Change: +12.12%
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