What's happened?
XTEK Limited (ASX:XTE "XTEK") has provided a business update for the quarter ended 30 September 2020.
What are the highlights for the quarter?
- Completed delivery of the first lot of XTclave manufactured plates to CPE Production OY in Finland and completed full delivery of plates to Tote Systems Australia.
- Received a new testing contract to validate the performance of hard armour plates from the US Department of Defense.
- Leveraged its actionable intelligence XTatlas software as part of the C4 EDGE funded Program, to demonstrate an integrated Australian industry capability in front line combat management to the Australian army.
- Received further orders for SUAS supply and spare parts from the ADF.
- Strong financial position following successful completion of an oversubscribed capital raising.
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