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K-Tig Ltd
Bldg, Mile End, U 5 9 William St
Phone: +61 873246800p:+61 873246800 ADELAIDE, SA  5031  Australia Ticker: KTGKTG
Placed into Administration on 2/21/2024
On 2/21/2024, K-Tig Ltd and Keyhole TIG Pty Ltd were placed into Administration under section 436A of the Company Corporations Act 2001.
Richard Tucker and John Bumbak of KordaMentha were appointed as the Administrators.
Business Summary
K-TIG Limited is a transformative, industry-disrupting welding technology that seeks to change the economics of fabrication. Its high speed precision technology provides full penetration in a single pass in materials up to 16 millimeters in thickness and typically operates at twice the speed of plasma welding. It works across a range of applications and is particularly well suited to corrosion resistant materials, such as stainless steel, nickel alloys, titanium alloys and exotic materials. It also handles longitudinal and circumferential welds on pipes, spooling, vessels, tanks and other materials in a single pass. Its Keyhole TIG / GTAW system is a productivity multiplier that welds thicker materials faster. Its Robotic welding automation is the use of equipment programmed through computers to perform welding tasks. Its welding system is delivered as a fully integrated welding system comprising the K-TIG 1000 controller, torch, power supply, water cooler, wire feeder and torch mount.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/20246/30/2024Yes----

Industries
SIC Code Description
3548 Electric and gas welding and soldering equipment

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Independent Chairman of the Board Stuart J.Carmichael 1/1/2022 6/30/2017
Managing Director, Executive Director AdrianSmith 11/1/2020 2/20/2020
Company Secretary JackRosagro 6/25/2024 6/25/2024
Non-Executive Independent Director Darryl G.Abotomey 67 4/4/2022 4/4/2022
Non-Executive Independent Director AnthonyMcintosh 1/1/2022 6/23/2020

Subsidiaries
Business Name Address City State/Province Country
Keyhole TIG (UK) Pty. Ltd. 2 Claridge Court, Lower Kings Road Herts United Kingdom
Keyhole TIG (USA) Inc. 1001 Technology Drive Mount Pleasant PA United States
Keyhole TIG Pty. Limited Bldg 5 9 William Street Mile End SA Australia

Business Names
Business Name
KBU
Keyhole TIG Pty Limited
KTG
KTGDB
S3R
S3RDA

General Information
Outstanding Shares: 73,328,415 (As of 6/30/2024)
Shareholders: 2,435
Stock Exchange: ASX
Fax Number: +61 893227602


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Wednesday, November 20, 2024