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KTL TECHNOLOGIES LIMITED

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In brief

KTL Technologies Limited is a diversified company that invests in the development and manufacture of specialist technologies and selected mineral prospects. The Company is involved in the commercialization of its Cryo-Lag assets (industrial insulation patents), exploration and of manufacture and sales of magnetic materials. Its activities include the manufacture of the specialized rare earth magnetic material hydrogenation disproportionation desorption recombination of anisotropic bonded neodymium iron boron powder (HDDR powder) in China, which is utilized in magnetic and electro magnetic devices; the commercialization of a modular insulation system for cryogenic pipework applications in the liquefied natural gas (LNG) industry, and the development of the Mundong Well Prospect E08/1609 in Western Australia, in which the Company has an 80% controlling interest. On September 7, 2007, the Company acquired 65% of the shares in Jilin Huisheng Strong Magnet Company Limited (JHSM).