Steel Powder Works raises A million and Merges with Australian Complicated Production Corporate
Insights and updates

Steel Powder Works raises A$10 million and Merges with Australian Complicated Production Corporate


MPW and Okay-Tig Complicated Welding Techniques Revolutionizing Complicated Steel Production
with Important Edge Applied sciences

SEWICKLEY, Pa., Feb. 27, 2025 /PRNewswire/ — Steel Powder Works (MPW), has merged with Okay-Tig Complicated Welding Techniques that may see the 2 corporations perform below the Steel Powder Works title. With each corporations proudly owning their very own IP and keeping a number of patents among them, this merger highlights their distinctive complicated production answers for trade.

The pristine partnership has effectively raised A$10 and shall be indexed at the Australian Hold Change (ASX) below the ticker MPW. The ASX is understood for its working out of the mineral and metals marketplace, a splendid are compatible for each corporations. Steel Powder Works used to be shaped in 2017 to introduce a extra fertile and cost-effective strategy to put together steel powder. This DirectPowder™ procedure is the primary evolution in steel powder manufacturing in over 50 years. Since getting to marketplace in 2022, this disruptive era has excelled at generating constant, high-yield steel powders, together with high-strength aluminum and extremely conductive copper, specifically fitted to protection programs. 

Matching to MPW’s distinctive technological benefits, Okay-Tig’s welding gadget takes good thing about automation to grant accuracy, pace and cost-savings for a big selection of consumers, together with the ones in protection markets. Okay-Tig used to be born out Australia’s Commonwealth Medical and Commercial Analysis Group (CSIRO). Coincidentally, MPW CEO John Barnes used to be the Program Director for CSIRO’s Prime Efficiency Metals from 2011 to 2015, supporting the commercialization of many complicated production answers, together with the early evolution of Okay-Tig’s era.

The twist of fate of the alignment of the 2 corporations isn’t misplaced on Barnes who famous, “Our motto when I was at CSIRO was “ore to extra” and this new MPW is definitely more. This merger just makes sense when considering the demand for unique manufacturing solutions. Whether it be an expanded portfolio of metal alloys offered by MPW, or automated welding solutions provided by K-Tig, the advanced manufacturing industry is looking for these types of products to stay competitive in the global market.”

Okay-Tig has an intensive world distribution community, which incorporates a US demonstration facility within the Pittsburgh area. This geographic location is fine to MPW whose headquarters are positioned at Community 91, inside of mins of Pittsburgh World Airport.

About Steel Powder Works Ltd.

MPW used to be based in 2017 via aerospace and protection trade veterans with profound wisdom of additive production and powder manufacturing. Their enjoy with AM programs drove them to take into accounts powder manufacturing in a modern pristine method, make happen the patented MPW DirectPowder™ procedure which produces tailorable powders in all kinds of alloys. The MPW procedure represents the primary true innovation in powder production in over 50 years.

In 2025, MPW assumed operations for Okay-Tig Complicated Welding Techniques, a transformative computerized welding era born out of the Commonwealth Medical & Commercial Analysis Group (CSIRO). Okay-Tig era permits shoppers to succeed in elevated attribute welds at a fragment of the fee, considerably converting the park of fabrication services and products.

SOURCE Steel Powder Works Ltd.



Source link