Keyhole Tig welding developer K-Tig experienced a record quarter for business in December booking revenue of $409,000.
The company, which manufactures patented, high productivity welding equipment and offers welding as a service, built on its expansion into the United States and has now established an on-the-ground sales force.
The company made its first sales to the US nuclear decommissioning industry during the quarter, and its first sales to the defence sector.
K-TIG’s technology, able for perform a traditional six-hour Tig weld in three minutes, was also proved for welding high hardeness armoured steel, opening new markets among defence fabricators.
The armoured steel was provided by Australian manufacturer Bisalloy.
K-Tig finished the quarter with $6.8 million in cash at bank.
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