Becoming a formal member of the Nuclear AMRC represents significant progress for the Company and ensures K-TIG is well positioned to capture market share within the global nuclear decommissioning market which is projected to be worth USD$1 Trillion through to 2050. The K-TIG technology has been proven to meet the standards of the nuclear industry and is currently being used by one of two major companies contracted by the UK Government to deliver the first round of nuclear decommissioning vessels expected to total many hundreds of millions of USD. The next and far more significant round of contracts are expected to be awarded in 2020 and likely to be well in excess of a billion USD. K-TIG is well positioned to further participate in this rapidly emerging market through the provision of its technology to both existing nuclear fabricators and the large number of additional fabricators which are expected to enter this market.
KTG Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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