KTG
Director Trades
| Date | Director | Value |
|---|
Company News
K-TIG signs MoU with Darchem Engineering for nuclear waste storage
K-TIG (ASX: KTG) has announced it has signed a memorandum of understanding (MoU) with Darchem Engineering in a bid to novate a three-cubic-metre intermediate level waste (ILW) nuclear storage container contract. Darchem has more than 180 nuclear sites worldwide and is considered a market leader in the design and manufacture of varying high integrity engineered […]
K-TIG unveils record March quarter with $1.16m in sales revenue
High-speed welding technology company K-TIG (ASX: KTG) has unveiled a record March quarter (Q3 FY2022) that generated sales of $1.159 million and a 329% growth in cash receipts. The $1.159 million sales revenue figure was a 10% increase on the December quarter (Q2 FY2022) and a 148% rise on the previous corresponding period. K-TIG attributed […]
K-TIG adds former Bapcor CEO to board of directors
High-tech welding manufacturer K-TIG (ASX: KTG) has appointed management executive Darryl Abotomey as a non-executive director of its board, effective 4 April. Mr Abotomey has over 30 years of executive leadership and financial expertise gained through roles across the manufacturing, global paper and packaging distribution, and automotive aftermarket industries. His most recent role was as […]
K-TIG to partner with UK research centre on robotic welding technology for nuclear decommissioning market
Welding technology specialist K-TIG (ASX: KTG) will work with UK-based Nuclear Advanced Manufacturing Research Centre to develop a turnkey robotic welding cell for use in the production of stainless steel nuclear storage containers. Up to 17,000 containers will be needed to hold intermediate level waste during decommissioning of the Sellafield nuclear site near Cumbria as […]
K-TIG to build R&D facility for advancement of robotic welding in shipbuilding applications
Hi-tech welding manufacturer K-TIG (ASX: KTG) has confirmed it will build a research and development facility in South Australia to further evolve the application of its robotic welding capabilities for shipbuilding and other applications. The facility will be built within BAE Systems Australia’s “Factory of the Future” at the Tonsley Innovation District which has been […]
K-TIG appoints new distributor to increase US market reach
High-tech welding manufacturer K-TIG (ASX: KTG) has appointed California-based arc welding system specialist MITUSA Inc as a tier one distributor to supply its integrated products across the United States and into Mexico. The appointment is designed to expand the Australian company’s reach across North America. K-TIG managing director Adrian Smith said it is an “exciting growth opportunity” which […]
K-TIG’s welding samples for armoured vehicles get tick of approval from Hanwha Defense Australia
Welding technology company K-TIG (ASX: KTG) has reached its first milestone in developing advanced keyhole welding procedures for Hanwha Defense Australia and Hanwha Defense Corporation with samples and independent results sent for evaluation. K-TIG executed a memorandum of understanding with both Hanwha entities in March this year to develop welding technology to help build Australia’s […]
K-TIG signs deal to supply robotic welding cells for UK nuclear decommissioning activities
Australian welding specialist K-TIG (ASX: KTG) has secured a deal with a UK-based nuclear body to advance a technology designed to streamline nuclear power plant decommissioning. A memorandum of understanding with Sheffield University’s Nuclear Advanced Manufacturing Research Centre (NAMRC) will see K-TIG develop a robotic welding cell which will be used to fabricate nuclear waste […]
K-TIG partners with Key Plant Automation to distribute advanced welding products to UK market
Perth-based high-speed welding technology company K-TIG (ASX: KTG) has signed a five-year agreement with British welding automation manufacturer and integrator Key Plant Automation to distribute its products in the UK. The agreement follows on from a similar deal signed between the strategic partners in January to fast-track K-TIG’s US expansion. Under that deal, the companies […]
K-TIG boosts US presence via distribution deal with DT Gruelle Group, leases new facilities
High-speed welding technology developer K-TIG (ASX: KTG) has boosted its presence in the prime US market via a distribution agreement with DT Gruelle Group (DTGruelle) which will manage K-TIG’s supply chain in the country. Under the agreement, Pennsylvania-based logistics provider DTGruelle will manage warehousing and inventory of K-TIG’s welding systems and spare parts packages. The […]
