Xtek Ltd - XTEK receives first commercial XTclave™ Order
Xtek Ltd (ASX:XTE)

XTEK receives first commercial XTclave™ Order

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Highlights

What's happened?

XTEK Limited (ASX:XTE "XTEK") has received its first commercial order for its XTclave™ manufactured ballistic armour plates from Tote Systems Australia to be used in the field by an Australian Specialist Law Enforcement unit.

What are the key highlights?

  1. The order is from Tote Systems Australia and will provide an extremely light weight armour solution, in synergy with TOTE soft armour and Tactical Vest system, that will be used by an Australian Specialist Law Enforcement unit.
  2. The order represents external validation of XTEK’s proprietary technology and commercialisation strategy. For the first time, these plates will be used in the field by law enforcement officers.
  3. Discussions with potential clients, domestically and globally, have progressed significantly for XTEK’s advanced ballistic products recently with growing interest from new parties that are seeking novel ballistic solutions.
  4. Further orders of the XTclave™ manufactured products are expected in the short to medium term.

Managing Director's Summary

Philippe Odouard

“This first commercial order for our XTclave™ manufactured ballistic plates is a significant milestone for XTEK. Until now, orders received were used for testing and validation; this important order will be deployed for use in law enforcement in Australia. This represents an external validation and a strong indicator of more orders to come from the industry both domestically and globally. Following our investment into this technology and capability, we are now in a strong position to meet the growing demand for these products and realise the significant value upside.”

Philippe Odouard
Managing Director, Xtek Ltd
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