XTEK Limited (ASX:XTE "XTEK") has announced that it has received its first international commercial order for its light weight XTclave™ manufactured ballistic plates.
What are the key highlights?
- Achieving the first commercial international order, worth >A$1m, is a key milestone in XTEK’s ballistic armour commercialisation strategy.
- The purchase order is from CPE Production Oy (CPE), a supplier of high-performance lightweight ballistic protection solutions to the Finnish Defence Forces and other European defence customers.
- The purchase order follows an extensive validation and testing process for qualification purposes by the Finnish Army.
- XTEK continues ongoing discussions with other potential customers and expects to commence exporting of ballistic products to the US in the near-term.