Highlights

• Former McConnell Dowell executive and Quanta Services Australia (QSA) President , Mr Mark Twycross and experienced B2B entrepreneur Mr Adrian Smith have agreed to join the KTIG Board as Non-Executive Directors
• Mr Twycross has over 40 years’ experience in energy and water infrastructure  including pipeline design and construction, process facilities, design, procurement, fabrication and installation. Mr Twycross is an experienced director with FAICD recognition
• Mr Smith is an experienced company director and entrepreneur with a proven track record of creating global industry leading firms with a particular focus in the international defence industries
• Mr Kieran Purcell , after assisting the company with identifying suitable directors and the board transition process , has decided to resign from the Board

31 January, 2020

DECEMBER 2019 QUARTER ACTIVITIES UPDATE

Highlights

• K-TIG secured a number of licencing agreements during the quarter with fabricators in the US and SE Asia, across both the small and large stainless-steel vessel market, demonstrating the market’s willingness to adopt its technology under licence
• K-TIG continues to build an extensive sales pipeline in key growth markets, including theUS and South East Asia where it intends to increase its market share in both the small and large stainless-steel vessel industry
• K-TIG will leverage its experience and customers in the nuclear decommissioning market and its membership of the Nuclear Advanced Manufacturing Research Centre (NAMRC) to licence its technology into the USD$1 trillion global nuclear decommissioning market
• The K-TIG technology is currently being used by one of two major companies contracted by the UK Government to deliver the first round of nuclear decommissioning vessels totalling many hundreds of millions of USD. K-TIG is well positioned to further participate in this rapidly emerging market.

2 December, 2019

K-TIG SIGNS 8-YEAR WaaS LICENCE AGREEMENT IN SE ASIA

Highlights

• K-TIG signs 8-year Welding-as-a -Service (WaaS) Licence Agreement
• Steel-Ti Precision Welding (Singapore) becomes the first customer in SE Asia to adopt K-TIG’s new WaaS licence revenue model to access K-TIG’s industry - disruptive welding technology
• Steel-Ti Precision Welding (Singapore) has been incorporated by Mr Michael Teo. The Teo family have a successful track record of successful business ventures with fabrication, global shipping and logistics through a conglomerate of family owned and controlled companies throughout SE Asia, including Pacific International Lines (PIL) and Singamas
• The agreement includes long term licencing fees, fees calculated by usage and utilisation, minimum monthly charges and an advance payment
• Signing this agreement demonstrates K-TIG’s ability to deliver on its growth strategy and to secure long term recurring revenue under its WaaS licencing model

As reported by Business News Australia:

"Under the offer, the Company issued 35,000,000 shares at a share price of $0.20. The total number of shares on issue is 144,593,344, giving KTIG a market capitalisation of $28.9 million. Alto Capital acted as lead manager to the transaction. 

Funds from the raise will be used to support the Company's growth strategy by enhancing its sales and marketing initiatives, supporting research and development projects, purchasing long lead capital items and providing working capital."

As reported by Business News Australia:

"K-TIG's disruptive tech has been exported to 20 countries to blue-chip customers like GE, Siemens, Bilfinger, Doncasters and the UK Nuclear Advanced Manufacturing Research Centre.

The listing on the ASX comes at a pivotal time for K-TIG. The company has thoroughly tested its product and is now ready to change the economics of fabrication for its customers through introduction of its Welding-as-a-Service business model.

The WaaS business model will provide service delivery via its cloud-linked controller and the generation of long-term recurring revenue streams for K-TIG from a global customer base.

The rollout of K-TIG's subscription licencing model is underway and customers are now being engaged."

As reported by Business News Australia:

"Following an oversubscribed $7 million capital raise Adelaide-based disruptors K-TIG have listed on the ASX under the ticker KTG.

K-TIG has developed a robotic welding technology able to precisely weld up to 100 times faster than traditional welding processes.

The company's technology was initially developed by the CSIRO and uses a robotic arm rather than the labour-intensive stick welding method.

K-TIG claims it can complete a welding job that would traditionally take six hours in just six minutes."