31 January, 2020
DECEMBER 2019 QUARTER ACTIVITIES UPDATE
- 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.