ADF armoured vehicle welding – 100 times faster with K-TIG
Armed with patented technology that welds thicker components 100 times faster than traditional welding, K-TIG (ASX: KTG) offers deadline-focused production lines a major competitive advantage.
Armed with patented technology that welds thicker components 100 times faster than traditional welding, K-TIG (ASX: KTG) offers deadline-focused production lines a major competitive advantage.
Of all the challenging production deadlines, land, air and sea defence projects must be near the most pressing.
K-TIG has teamed up with serial defence contractors, Axiom Precision Manufacturing and Bisalloy Steels (ASX: BIS) to develop a sovereign capability to weld the specialised steel components used by the Australian Defence Forces, such as the LAND400 armoured vehicle project worth AUD $10-$15 billion.
The company has long been associated with the Australian defence industry, having won the 2015 DTC Defence Industry Innovation Award for their welding technology developments.
K-TIG’s Non-Executive Director Adrian Smith joined us last week for our weekly ‘Meet The CEOs’ webcast for a chat about the company.
‘We are a disruptor,’ Smith said in the webcast. ‘We fundamentally changed the economics of fabrication.’
For example, a traditional welding job that might take 6 hours and cost $360. K-TIG using their proprietary welding system can perform the same job in just 3 minutes, which cost just $3.
Smith continued to say ‘We’re not the back-yard welder guys, we’re on the high-volume, precision welding side of the market. So people like Siemens, GEC and the nuclear industry are the sort of customers that deal with our product.’
Watch the full investor briefing to hear more about K-TIG below:
Join next week’s ‘Meet The CEOs’ webcast – Click here to book your spot.
Recorded on 24 June 2020 at 12pm
Sources:
- K-TIG TAKES OUT DEFENCE INDUSTRY INNOVATOR AWARD, 2015
- K-TIG signs MOU with leading Australian Defence Contractors
This Weeks News
July 8, 2020
July 8, 2020
July 8, 2020General Advice Warning
Any advice provided by Reach Markets including on its website and by its representatives is general advice only and does not consider your objectives, financial situation or needs, and you should consider whether it is appropriate for you. This might mean that you need to seek personal advice from a representative authorised to provide personal advice. If you are thinking about acquiring a financial product, you should consider our Financial Services Guide (FSG) including the Privacy Statement and any relevant Product Disclosure Statement or Prospectus (if one is available) to understand the features, risks and returns associated with the investment.
Please click here to read our full warning.
