XTEKs HighCom Receives New A$3.5m US Government Order

Key highlights:

• A$3.5m order received from a US Federal Government Agency
• More than 20,000 individual items of specialist ballistic protection equipment
• Order to be completed and revenue recognised before end of December 2022

Monday, 26 September 2022: XTEK Limited (ASX: XTE, ‘XTEK’, ‘Group’) is pleased to announce that the Group’s HighCom Armor Solutions Inc. (HighCom) business, has received a new A$3.5m (US$2.38m) order for more than 20,000 individual items for specialist ballistic protection equipment from a US Federal Government agency customer, which will be completed before the end of December 2022.

Scott Basham, XTEK Group CEO, said,

“HighCom Armor is a trusted provider of high performance, life-saving, ballistic personal protection equipment to Federal, State, and Local law enforcement agencies and military customers across the United States and around the world.

This new important order valued at A$3.5m for a major US Government Federal Agency comes on the back of a sustained period of transformational global growth for our HighCom Armor business.

Our ability to supply these large orders for our advanced ballistic protection products from our Ohio facility in quick time into the US Federal and State Law Enforcement sector, is exactly what gives our domestic US and international customers such confidence in our HighCom brand.”