Mawson Graham - Australian Small-Cap Research
  • Home
  • About
  • Analyst Research
  • Guides
  • Online Platform
  • Contact
Access Research
  1. Home
  2. Research
  3. Reports
  4. ASX:XTE

ASX:XTE - Xtek Ltd Research

Long term SUAS contract secured

XTE ASX Small Cap Research
Company Overview

Xtek is pursuing the commercialisation of its revolutionary carbon fibre composite technology, XTClave, for the global body armour market.

Release Date (1 year ago)
  •   October 31st, 2019
  • 0.800
Initiation Date (1 year ago)
  •   March 6th, 2019
All XTE Reports
  • October 31st, 2019
  • July 18th, 2019
  • March 6th, 2019
Report Includes
  • Recent events
  • Investment highlights
  • Analyst's view
  • Consensus targets
  • More...
Analyst
SmallCapInsider
 Research
Download Report

XTEK have made several announcements since our last update on the 18th July 2019.

This includes the securing of an agreement with the ADF that could be worth up to A$5m in revenue to XTEK per year until 2026. The initial agreement is for 3 years, with multiple options to extend after that. XTEK will use their recently installed repair facilities in Canberra, complete with electronic and composite repair capability to service the ADF's Aerovironment SUAS fleet.

XTEK have also acquired the HighCom Armour Solutions business which the company expects could serve as a launchpad for the potential commercialisation of XTclave into the lucrative U.S. body armour market. Other announcements and their significance are covered in our update.

Download Report
Mawson Graham - ASX Research

1300 131 551 [email protected]

Mawson Graham
Level 33, 264 George St
New South Wales 2000
Australia

Connect with us:

Mawson Graham Pty Ltd (ABN 53 631 737 650) is Corporate Authorised Rep (CAR) of Vested Equities Pty Ltd (ABN 54 601 621 390) Australian Financial Services (AFS) Licence 478987. The content on this website is for general information purposes only and is not intended to reflect any recommendations or financial advice. The information on this site has been prepared without taking into account your objectives, financial situation or needs. For this reason, you should consider the appropriateness of the advice or recommendation in light of your own personal circumstances, relevant risk factors, the nature and extent of your risk of loss, as well as the legal and accounting consequences before acting making an investment or trading decision regarding any Financial Product mentioned herein. While it is believed that all information sourced and contained on this website to be accurate at the time of publication, liability for any errors, omissions, accuracy or completeness of the information (except any statutory liability which cannot be excluded) is specifically excluded by Mawson Graham, its associates, officers, directors, employees and agents. Past performance is not a reliable indicator of future performance. Important Disclosure: Mawson Graham Pty Ltd, its directors, associates and employees advise that they may hold securities, may have an interest in and/or earn brokerage, corporate and/or investor relations fees, and other benefits or advantages, either directly or indirectly from client transactions arising from any information mentioned on this website and in documents published to this website. Directors, associates and employees of Mawson Graham Pty Ltd from time to time may hold shares in the security/securities mentioned on this website and in documents published on this website and, therefore, may benefit from any increase in the price of those securities.

© 2021 Mawson Graham All Rights Reserved
Terms Privacy FSG Transparency