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K-TIG Ltd ( (AU:MPW) ) has provided an update.
Metal Powder Works Limited has reported a transformative year following its re-listing on the ASX, achieving significant operational milestones including doubling production capacity and expanding its product range to over 20 alloy powders. The company has secured new contracts with industry leaders and delivered its first mobile DirectPowder™ unit to the U.S. Navy, marking its entry into the defense sector. Financially, MPW is well-capitalized, having raised A$15 million, and is positioned to accelerate production and scale operations. The company aims to expand the commercial adoption of its DirectPowder™ technology, which offers superior performance and cost advantages over traditional methods.
The most recent analyst rating on (AU:MPW) stock is a Hold 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 (MPW) operates in the metal powder manufacturing industry, focusing on the production of alloy powders using its proprietary DirectPowder™ technology. The company caters to sectors such as defense, energy, and advanced manufacturing, with a market focus on additive manufacturing and traditional powder metallurgy.
Average Trading Volume: 334,556
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$280.1M
See more data about MPW stock on TipRanks’ Stock Analysis page.