Xtek Ltd - Skykraft in conjunction with XTEK awarded Australian Space Agency Grant
Xtek Ltd (ASX:XTE)

Skykraft in conjunction with XTEK awarded Australian Space Agency Grant

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Highlights

What's happened?

XTEK Limited (ASX:XTE "XTEK") has announced the award of an Australian Space Agency (ASA) Grant for the development of a SmallSats constellation launch stack.

What are the key highlights?

  1. Skykraft, in conjunction with XTEK, have been awarded an ASA International Space Investment grant to design and qualify a small satellite launch stack.
  2. This follows the Memorandum of Understanding signed with Skykraft for the co-engineering and potential manufacture of small spacecraft and launcher systems, first announced 12 June 2019.
  3. XTEK’s advanced composite materials manufactured using its XTclave™ technology have unique technical advantages in space applications.
  4. This is validation of XTEK’s unique capabilities, with the collaboration providing a valuable opportunity to commercialise the XTclave™ technology and increasing XTEK’s presence in the space sector.

Managing Director's Summary

Philippe Odouard

"The award of this grant represents a significant milestone for XTEK’s composite capabilities. The recognition from the Australia Government and global collaboration provides external validation of our technology, and presents a valuable opportunity to further develop our advanced composites capabilities for space applications, with this project expected to further build our presence in the growing space composites sector globally."

Philippe Odouard
Managing Director, Xtek Ltd
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