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

XTEK completes first international delivery of XTclave plates

Document   View Announcement

Highlights

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

"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."

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 Vested Equities' 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