Total
0
Shares
XTEK (ASX:XTE) - Managing Director, Philippe Odouard (left) & Chairman, Uwe Boettcher (Right) - The Market Herald
Managing Director, Philippe Odouard (left) & Chairman, Uwe Boettcher (Right)
Source: The Advertiser
  • Defence product creator XTEK (XTE) has received its first international order for its XTclave manufactured products
  • These products will be supplied to the Finnish Defence Force
  • XTclave makes it possible to manufacture lighter, strong, stiffer, and more durable armour
  • The company is now in discussions with other potential customers
  • XTEK is up 7.5 per cent on the market and shares are selling for 64.5 cents each

Defence product creator XTEK (XTE) has received its first international order for its XTclave manufactured products.

The company received the purchase order from CPE Production Oy, and the finished products will be supplied to the Finnish Defence Force.

The Finnish Defence Force first got a sample of XTEK's products in 2017 when the company received a small purchase order for samples to test and validate.

This large-scale order has proven the quality of XTEK's products.

"This purchase order represents a key milestone for XTEK in the commercialisation of its proprietary XTclave technology," Managing Director Philippe Odouard stated.

"We have worked very hard to ensure that the long customer cycles have progressed in parallel with the construction of the new manufacturing centre in Adelaide, to ensure that the manufacturing capability is utilised as soon as possible," he said.

XTclave is XTEK's proprietary preserving and unifying technology.

The technology is suited to the manufacture of high-quality, precisions ballistic and structural products such as unmanned crafts, lightweight tactical carriage equipment such as tanks, armour, and robotic mechanical systems.

XTclave makes is possible to manufacture lighter, strong, stiffer, and more durable armour.

"The external validation of our ballistic products and XTclave manufacturing technology demonstrates international demand," Chairman Uwe Boettcher said.

"XTEK has rapidly progressed through key milestones relating to the commercialisation of its ballistic armour products, and is currently in active discussions with other potential customers," he added.

XTEK is up 7.5 per cent on the market and shares are selling for 64.5 cents each at 1:33 pm AEST.


Subscribe


XTE by the numbers
More From The Market Herald
Decmil Group (ASX:DCG) - Managing Director and CEO, Dickie Dique - The Market Herald

" Decmil Group (ASX:DCG) executes first contract for Albany Ring Road

Decmil Group (DCG) has been awarded a contract worth $55 million for phase one of the Albany Ring Road project.
Aurora Labs (ASX:A3D) to undertake $2M placement

" Aurora Labs (ASX:A3D) to undertake $2M placement

3D metal printer manufacturer Aurora Labs (A3D) has received firm commitments to undertake a $2 million placement.
WestStar Industrial (ASX:WSI) - Managing Director, Kelvin Andrijich - The Market Herald

" WestStar Industrial (ASX:WSI) subsidiary wins $6M contract

WestStar Industrial’s (WSI) subsidiary Alltype Engineering has been awarded a $6 million contract by Laing O’Rourke.
Advance Braking Technology (ASX:ABV) receives $534k tax offset

" Advance Braking Technology (ASX:ABV) receives $534k tax offset

Advanced Braking Technology (ABV) has received approximately $534,000 as a refundable tax offset for eligible research and development (R&D) expenditure.