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K-TIG Ltd ( (AU:MPW) ) has issued an update.
Metal Powder Works Limited has entered into a Powder Partnership Agreement with Austal USA, a subsidiary of Australia’s largest shipbuilder, Austal Limited. This partnership will leverage MPW’s DirectPowder™ Process to develop custom metal powder specifications for Austal USA’s additive manufacturing operations, particularly for the US Navy’s Additive Manufacturing Center of Excellence. The collaboration positions MPW within a strategic US Navy supply chain initiative, enhancing its market presence amid growing Department of Defense investments in additive manufacturing. The agreement sets the stage for a potential commercial offtake agreement, which would establish ongoing powder supply terms, thereby strengthening MPW’s role in the defense manufacturing sector.
The most recent analyst rating on (AU:MPW) stock is a Sell with a A$2.00 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
More about K-TIG Ltd
Metal Powder Works Limited (ASX: MPW) is a Pittsburgh-based company specializing in the production of high-quality metal powders for additive manufacturing and advanced applications. The company has developed a patented non-thermal powder production process called DirectPowder™, which represents a significant innovation in powder manufacturing. MPW produces over 20 specialty metal powders, including high-strength aluminum, copper, copper-nickel alloys, and other specialty alloys.
Average Trading Volume: 342,763
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$222.6M
See more data about MPW stock on TipRanks’ Stock Analysis page.