Xtek Ltd - International Order for XTclave Plates Upsized
Xtek Ltd (ASX:XTE)

International Order for XTclave Plates Upsized

Document   View Announcement

Highlights

What's happened?

XTEK Limited (ASX:XTE "XTEK") has an announced an increase to the international commercial order for its light weight XTclave™ manufactured ballistic plates that was initially announced on 5 May 2020.

What are the key highlights?

  1. The initial >A$1m commercial order from CPE Production Oy has now been increased to be worth ~A$2m in total.
  2. The order is for use by the Finnish Defence Forces and follows an extensive validation and testing process for qualification purposes by the Finnish Army, which resulted in the initial order.
  3. XTEK is in a strong position to receive further orders, with ongoing discussions with other potential customers and strategic parties currently underway.

Managing Director's Summary

Philippe Odouard

"XTEK’s international strategy underpins strong growth expectations, with international markets representing a significant commercial opportunity. This increased order illustrates XTEK’s increasing demand from international customers. XTEK is in a strong position to execute on its strategy and achieve further international orders, with discussions with other potential customers and strategic parties ongoing. We also plan to leverage our established US network and commence exporting XTclave™ manufactured products to the US in the near term.”

Philippe Odouard
Managing Director, Xtek Ltd
Question   Ask Philippe Odouard a question...

Download Announcement

View this announcement as well as our full profile on the company.
Document   View Announcement
View XTE's Full Profile Arrow Forward

How do I invest?

Considering investing in Xtek Ltd?
Here's how to get started.
Low Cost Brokerage ASX Cheapest ASX Trading Platform
  1. 1

    Create account

    Open an account with an online broker of your choice. If you do not have an existing broker, consider Mawson Graham's A$9.50 flat fee platform.

    Sign up now »
  2. 2

    Search for ASX:XTE

    On your online investment platform search for the stock ticker code ASX:XTE to bring up the company's shares.

  3. 3

    Buy shares

    Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.

Trade for $9.50 Arrow Forward
Up