Australia's K-Tig climbs as co signs MoU with UK nuclear body

Metal Powder Works

14/09/2021 03:30

** Shares of welding technology maker K-Tig Ltd  KTG.AX 
rise as much as 8.5% to A$0.45, hitting highest since June 30
    ** Co enters into a Memorandum of Understanding with the
UK's Sheffield University-based Nuclear Advanced Manufacturing
Research Centre  urn:newsml:reuters.com:*:nFWN2QF0Z9
    ** Stock posts its biggest intra-day percentage gain since
July 21
    ** Under MoU, co says it will develop a robotic welding cell
to fabricate the nuclear waste containers to be utilised in the
upcoming UK nuclear power plant decommissioning
    ** Co says will maintain all intellectual property and
commercialisation rights to the welding cell developed
    ** Stock up 24.2% YTD, as of last close 
    

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))