Australian high-tech welding manufacturer K-TIG will accelerate its global expansion, announcing it had raised $4 million in a share placement and revealing three new distribution deals. The TIG welding technology developer announced new distributors in Turkey, Spain, Portugal, and the successful placement of $4 million to investors including existing directors. Chairman Stuart Carmichael said the…
High speed welding developer K-TIG has signed a formal agreement with the UK Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC) to develop a turnkey robotic welding cell. The aim of the agreement is to produce nuclear storage containers, each holding three cubic metres of intermediate level nuclear waste (ILW). Up to 17,000 stainless-steel containers are…
K-TIG has announced that it will build an R&D facility at BAE Systems Australia’s Line Zero – Factory of the Future, located within Tonsley Innovation District, aiming to demonstrate the usefulness of its automated welding technology for shipbuilding and other industrial sectors.
High speed precision welding developer K-TIG has experienced record cash receipts in the December quarter of $1.5 million as uptake of its equipment accelerates. Revenue was 44 per cent higher than the first quarter, and 157 per cent up on the previous corresponding period. Growth was achieved with only one distributor selling its products, with…
By Peter Roberts In the past the model for Australian industrial technology companies was to first establish themselves in the local market before venturing overseas which ultimately represents 95 per cent of the potential market. Few Australian companies manage that jump without being taken over or swamped by international competition, partly because an initial technological…
Automated welding technology developer K-TIG has successfully completed the first round of weld testing under a Memorandum of Understanding to develop advanced keyhole welding procedures for Korea’s Hanwha Defense. Weld procedures for joining Ultra Hard Hardness and Ultra High Toughness armoured steels have been developed with hardness and tensile strength results superior to traditional MIG…
High speed precision welding developer K-TIG will enter the UK nuclear industry sector, signing an agreement with the Sheffield-based UK Nuclear Advanced Manufacturing Research Centre. Under the agreement K-TIG will develop a turnkey robotic welding cell for the fabrication of nuclear waste containers used in the de-commissioning of UK nuclear power stations. The company’s technology…
High speed welding technology manufacturer K-TIG is expanding its United Kingdom footprint through a new distribution agreement with automation supplier Key Plant Automation. Key Plant, which distributes for the company in the United States, will provide additional sales reach into strong growth sectors in the UK, and will soon be complemented by K-TIG’s own UK…
High speed welding technology manufacturer K-TIG is expanding into the United Kingdom and Europe, appointing former KPMG corporate strategist Benjamin Hall to lead its expansion globally. The company’s new subsidiary, Keyhole TIG (UK) follows the company’s successful penetration of the United States market, where it partnered with Key Plant Automation, a manufacturer of welding equipment…
By Peter Roberts It is fair to say that Australia is a country that has not always valued its manufacturing sector, yet we seem nowadays to be producing more than our fair share of innovative industrial technologies. A few recent examples to mind: Calix and its low emissions cement and lime production PPK Group and…
