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XTEK (ASX:XTE) - Managing Director Philippe Odouard (left) & Chairman, Uwe Boettcher (Right) - The Market Herald
Managing Director Philippe Odouard (left) & Chairman, Uwe Boettcher (Right)
Sourced: 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.


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