The Times Australia
Small Business News

.

Disruptive welding technology company, K-TIG, to commence trading on the ASX

  • Written by Media Release

K-TIG Limited (ASX: KTG) (“K-TIG” or the “Company”), a technology company commercialising an industry-disruptive high-speed welding technology, is delighted to announce it has re-listed on the Australian Securities Exchange (“ASX”). This follows the successful acquisition by Serpentine Technologies Limited (which has now been renamed K-TIG Limited).

K-TIG commenced trading today under the ticker “KTG” following the completion of a successful capital raise, raising the maximum subscription amount of $7 million before costs, with strong demand received from institutional investors (including Perennial Value Management and Alium Capital Management), high net worth and retail investors.

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.

Company Overview

K-TIG is an industry-disruptive welding technology company that is changing the economics of fabrication with its high-speed precision welding technology and its Welding-as-a-Service (WaaS) business model.

K-TIG’s high speed precision technology welds up to 100 times faster than traditional TIG welding, achieving full penetration in a single pass in materials up to 16mm in thickness.

K-TIG’s technology has been developed through seven years of research, technology development, product development and market validation by K-TIG and earlier technology originally developed by the Australian Government’s Commonwealth Scientific and Industrial Research Organisation (CSIRO).

The technology is the result of extensive research into the gas-tungsten arc process, keyhole physics, weld pool stabilisation, heat removal and process efficiency. K-TIG owns all rights, title and interest in and to its proprietary and patented technology.

The technology works across a vast range of applications and is particularly well suited to corrosion resistant materials including stainless steel, duplex, super duplex, titanium and a wide range of reactive metals, exotic materials and super alloys.

K-TIG has been exported to customers in 20 countries, with blue-chip customers including GE, Siemens, Bilfinger, Doncasters and the UK Nuclear Advanced Manufacturing Research Centre.

Having thoroughly proven the technology with exhaustive deployment, commissioning, production experience and expertise over this time, K-TIG now seeks to change the economics of fabrication for its customers through the introduction of its Welding-as-a-Service (WaaS) business model, service delivery via its cloud-linked controller and the generation of long-term recurring revenue streams for the Company from a global customer base across multiple fabrication sectors.

Growth Strategy

The Company’s growth strategy is to fundamentally change the economics of fabrication for customers through its highly disruptive technology and its transformative Welding-as-a-Service (WaaS) business model.

The Company will continue to focus on extending the capabilities of its technology and target new and existing markets via its Welding-as-a-Service (WaaS) revenue 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. In the initial stages of rolling out its new revenue model, the Company will be engaging with a number of initial customers to refine its licencing model and WaaS cloud-based service delivery business model.

Corporate

As noted in the Prospectus dated 15 August 2019, Mr Michael Edwards has resigned at completion of the Offers and Acquisition. Mr Kieran Purcell and Mr Syed Shueb have joined the Board. The Board would like to thank Mr Edwards for his contribution.



About K-TIG Limited

K-TIG is a transformative, industry disrupting welding technology that seeks to change the economics of fabrication. K-TIG’s high speed precision technology welds up to 100 times faster than traditional TIG welding, achieving full penetration in a single pass in materials up to 16mm in thickness and typically operates at twice the speed of plasma welding. K-TIG works across a wide range of applications and is particularly well suited to corrosion resistant materials such as stainless steel, nickel alloys, titanium alloys and most exotic materials. It easily handles longitudinal and circumferential welds on pipes, spooling, vessels, tanks and other materials in a single pass. Originally developed by the CSIRO, K-TIG owns all rights, title and interest in and to the proprietary and patented technology, which won the Australian Industrial product of the year award in 2014 and the DTC Defence Industry Member Award in 2015.

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of K-TIG Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

Property Times

Duke of Dural to Get Rooftop Bar as New Owners Invest in Venue Upgrade

The Duke of Dural, in Sydney’s north-west, is set for a major uplift under new ownership, following its acquisition by hospitality group Good Beer Company this week. Led by respected private hotelier John Azar, the Good Beer Company has a proven t...

Top Tips for Finding the Ideal Block to Build Your Home

There’s something deeply personal and exciting about building your own home. You’re not just choosing paint colours or furniture, you’re creating a space that reflects your lifestyle, your dreams, and your future. However, before you start sketchin...

The Home Buying Process Explained Step by Step

Buying a home is a thrilling milestone, but it can also feel like navigating a maze without a map. With paperwork, finances, and decisions at every turn, understanding the home-buying process is crucial for success. Whether you're a first-time buye...

Thinking of Selling Your Home? Here’s What You Need to Know

Selling a home is more than just putting up a “For Sale” sign. It’s a strategic process that involves preparation, pricing, and negotiation - all aimed at getting the best value for your property. Let’s go through the most important steps to take b...

Food & Dining

Onsite Caterer vs a Full Service Venue: 9 important things to explore

Choosing between an external catering company and an all-inclusive venue is a major decision that affects cost, flexibility, food quality, and the overall event experience. Venues with in-house catering offer convenience and streamlined coordinatio...

Meal Prep as Self-Care? The One Small Habit That Could Improve Your Mood, Focus & Confidence

What if the secret to feeling calmer, more focused, and emotionally resilient wasn’t found in a supplement or self-help book — but in your fridge? That’s the surprising link uncovered by leading dietitians Anna Debenham and Alex Parker from The Biti...

Cult Favourite, TokyoTaco, Opens Beachfront at Mooloolaba this June

FREE Tokyo Tacos to Celebrate!  Cult favourite Japanese-Mexican restaurant TokyoTaco is opening a beachfront venue at the Mooloolaba Esplanade on Queensland’s Sunshine Coast this June.  The doors of the new venue will open on 18 June and to cel...

International lager claims crown as Australia’s most preferred beer

Launching its inaugural ‘Brand Map of Australia’, Tracksuit reveals Corona as the nation’s most preferred beer  Sydney, Thursday, 29 May 2025 - From iconic mass-produced lagers to innovative craft brews, beer is woven into the fabric of Australi...

Business Times

Agentforce for Financial Services: Merging AI and Human Expertise…

In this rapidly evolving world of financial services, deploying customer experiences that are personalized and intelligen...

Samsara Eco and lululemon announce 10 year partnership

lululemon and Samsara Eco Announce 10-Year Plan to Advance Recycled Material Portfolio Plan will see lululemon source a...

Barelli Bathrooms announces celebrity interior designer Kellie Ri…

Barelli Bathrooms, a leading name in contemporary bathroom accessories and design, is proud to announce its new national ...

The Times Features

Duke of Dural to Get Rooftop Bar as New Owners Invest in Venue Upgrade

The Duke of Dural, in Sydney’s north-west, is set for a major uplift under new ownership, following its acquisition by hospitality group Good Beer Company this week. Led by resp...

Prefab’s Second Life: Why Australia’s Backyard Boom Needs a Circular Makeover

The humble granny flat is being reimagined not just as a fix for housing shortages, but as a cornerstone of circular, factory-built architecture. But are our systems ready to s...

Melbourne’s Burglary Boom: Break-Ins Surge Nearly 25%

Victorian homeowners are being warned to act now, as rising break-ins and falling arrest rates paint a worrying picture for suburban safety. Melbourne residents are facing an ...

Exploring the Curriculum at a Modern Junior School in Melbourne

Key Highlights The curriculum at junior schools emphasises whole-person development, catering to children’s physical, emotional, and intellectual needs. It ensures early year...

Distressed by all the bad news? Here’s how to stay informed but still look after yourself

If you’re feeling like the news is particularly bad at the moment, you’re not alone. But many of us can’t look away – and don’t want to. Engaging with news can help us make ...

The Role of Your GP in Creating a Chronic Disease Management Plan That Works

Living with a long-term condition, whether that is diabetes, asthma, arthritis or heart disease, means making hundreds of small decisions every day. You plan your diet against m...