XTEK Receives A$2.35m in New Orders for Ballistic Armour & Technology Products

Apr 4, 2022 | Announcements 2022

Key highlights:

  • New Purchase Orders totalling a combined value of A$2.35m
  • Includes multiple orders for urgent specialist ballistic armour worth A$2.15m
  • Separate order for hardware and software technology products worth A$200,000
  • Continues to see additional large supply opportunities with international customers
  • XTEK new order bookings over last 30 days exceed A$13.2m

Monday 4 April 2022: XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce that the Group has
received new Purchase Orders worth a combined value of A$2.35m

Three of the new orders, from undisclosed international customers, are for the supply of specialist ballistic
armour products valued at A$2.15m. These orders now take the total value of orders received over the last 30
days by XTEK’s Ballistics Division, to more than A$8.1m. The Division continues to have significant inbound
enquires for our armour products, reflecting the current heightened global security environment.

The final order, also from an undisclosed customer, is for specialist hardware and software technology products
worth A$200,000. This new Technology Division order also follows fast on the heels of the 9 March 22
announcement regarding Defence SUAS related purchase orders worth A$4.94m having been received, and
takes divisional bookings to more than A$5.1m in March.

Scott Basham, XTEK’s Group CEO, said:

XTEK supplies world-class, advanced personal protection ballistic products, and high-end technology
solutions to militaries, law enforcement agencies, and first responder customers all around the world.

These new orders, totalling A$2.35m, which come quickly on the back of almost A$11m in other orders we
received across the Group during March, continue to show the high demand we are experiencing for our
advanced ballistic armour products, as well as for the high-end hardware and software technology solutions
that we provide to law enforcement agencies and military organisations.

The high-performance ballistics products will be priority shipped to these international customers to meet their
urgent operational needs, while the specialist software and hardware products, which have a longer production
lead time, will be delivered to a separate client in Q4 FY22.

The Group continues to develop additional large supply opportunities for our armour products in particular
currently with other international customers, and we expect to make further announcements on the outcome of
those projects in due course”.


error: Content is protected !!