Xtek Ltd - XTEK completes first international delivery of XTclave plates
Xtek Ltd (ASX:XTE)

XTEK completes first international delivery of XTclave plates

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Published Oct 06, 2020

What happened?

What's happened?

XTEK Limited (ASX:XTE "XTEK") announced that it has completed its first international delivery of its first lot of XTclave manufactured plates to CPE Production OY in Finland, for use by the Finnish Defence Force (FDF).

What are the highlights?

  1. The delivery follows the initial commercial purchase order announced on 5 May 2020, and subsequent order upsize announced on 5 June 2020, worth ~A$2m in total.
  2. The acceptance of this first lot follows months of industrialisation of the product and completion of comprehensive and rigorous testing procedures.
  3. This first lot represents a shipment of 250 plates.

For more information, please refer to the announcement linked below.

Managing Director's summary

Philippe Odouard Managing Director of Xtek Ltd has provided a statement.
Philippe Odouard
Philippe Odouard
Managing Director, Xtek Ltd

"We are proud to be able to complete this initial delivery on the back of a long-standing relationship with Finnish Defence. The delivery provides validation of our technical capabilities and products, as well as our international commercialisation strategy. We continue to make strong progress with other potential customers, including in a range of different channels in the US."

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