Winners of the 2022 South Australian Welding Excellence Awards were named at an event on Thursday night, held at Adelaide’s Terrace Hotel. According to the event’s organiser, Weld Australia, the awards are the most prestigious event on the calendar for professionals in the industry, celebrating world-class work by welders, fabricators and educators. “This year’s South…
Australia will eventually have eight nuclear submarines, under a partnership with either the US or UK, and a new base for them at one of three short-listed sites on the east coast.
K-TIG raises new capital for growth K-TIG has announced that it has received binding commitments to raise $4 million (before costs) in new equity via a fully committed share placement to institutional and sophisticated investors. The Placement was completed at an issue price of $0.35 per share, with 11,428,571 new fully paid ordinary shares anticipated…
SRJ Technologies Black Sky Aerospace blasts off Solid rocket fuel manufacturer Black Sky Aerospace has launched its Sighter 150 rocket from the company’s test and launch site near Goondiwindi, Queensland. The rocket a height of 30,000 feet in 30 seconds carrying software for a cyber security customer. This, the third in a series of test…
By Brent Balinski This morning’s announcement that Australia will build submarines, with nuclear propulsion IP shared by the United States, has enormous implications. The details matter, as always, and they are to be determined. The United States is to share nuclear propulsion IP with Australia, the first time it has done so with another nation…
K-TIG passes milestones, books $561k revenue Rapid welding technology company K-TIG achieved significant milestones in the fourth quarter and quarterly sales of $561,000. The company, which is commercialising advanced keyhole welding techniques, entered the UK and Europe markets and strengthened its management team. The company operates a demonstration and support facility in the US. K-TIG…
Analysis by Peter Roberts For a very long time now in Australia it has been possible to get venture capital for a yet-another gold mine or some fintech app. But when manufacturing innovators go looking for capital, other than a few angel investors, the cupboard has been bare – this despite us sitting on one…
A manufacturer of hi-tech welding equipment is embarking on a joint project with a huge global player that it hopes will help it gain a foothold in the lucrative defence manufacturing sector. By Andrew Spence.
K-TIG achieves $400,000 sales in second quarter Welding technology developer K-TIG has begun to achieve sales traction with news that it expects to book sales of $400,000 in the current quarter. The company, which is commercialising a disruptive, high-speed welding technology, is seeing the first sales from its venture with Key Plant Automation in the…
Manufacturers are using the current high level of the stockmarket to raise fresh capital for what remains a very uncertain business environment. Today both welding technology company K-TIG, and lithium-ion battery technology firm Magnis Energy Technologies announced successful raisings. K-TIG, which is commercialising a CSIRO high speed precision welding technology, has received binding commitments to…
