MELBOURNE, Australia-Thursday 2 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- The inaugural CEO of Saudi Arabian Military Industries (SAMI), Dr Andreas Schwer, has been appointed Chairman of the Melbourne-based industrial-scale additive manufacturing company Titomic (ASX:TTT) www.titomic.com.

Beginning immediately, Dr Schwer, who boasts a 25-year career in the global defence, manufacturing, and aerospace industries will bring a wealth of experience to Titomic. The news comes just days after Titomic announced the appointments of Mr Dag W.R. Stromme, a former Managing Director of Morgan Stanley; and Mr Humphrey Nolan, an experienced leader in the global industrial and distribution industries.

As the first CEO at SAMI, which was established in 2017, Dr Schwer led this greenfield operation to become a multi-billion-dollar company in 2020 before recently stepping down.

Prior to his role at SAMI, Dr Schwer was Chairman and President of Rheinmetall International - Rheinmetall AG. Dr Schwer also held roles including CEO of Combat Systems & Executive Board Member of Rheinmetall Defence overseeing the units of Combat Platforms, Weapons & Munitions, Protection Systems, and Propulsion Systems. Dr Schwer also holds 12 years’ experience at Airbus in executive roles across the Defence & Space and Helicopter divisions.

Titomic’s Managing Director and Founder, Mr. Jeff Lang, said: “Andreas’ extensive professional experience in the global defence and aerospace sectors facilitates strong opportunities for Titomic to become a dominant player in the USD$4 trillion metals manufacturing industry for a green-tech future.”

Further, Dr Schwer stated; “I am honoured to accept the role of Chairman at Titomic and look forward to leading the Company to capitalise on its considerable opportunities and further add shareholder value. I believe Titomic’s industrial scale metal additive manufacturing and sustainable, green technology has tremendous commercial potential to take metal manufacturing industries into the future.”

Dr Schwer has a Dipl.-Ing in Aerospace Engineering and a PhD in System Modelling and Numerical Optimisation, both from the University of Stuttgart, and a Master of Science in System-Engineering from TU Delfi (The Netherlands).

Dr Schwer says he’s delighted to be joining the Board of a company that’s starting to make its presence felt globally, as demonstrated by the sale of two Titomic Kinetic Fusion® systems to a global defence manufacturer, as well as reaching agreements with companies of the calibre of Boeing, Airbus, and Thales.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200701005306/en/

Contacts

Media Enquires:
Ben Andrews
Titomic Limited - Media Manager
Ph: +61 3 9558 8822
investors@titomic.com

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