Ann: XTEK's HighCom progresses collaboration with TASL, page-11

There is always a fair degree of frustration when dealing with governments as opposed to the private sector. Decision processes are usually drawn out and the paperwork involved is considerable whether it's India, Europe or whereever. However we are not talking big ticket items so far as defence contracts are concerned and I suspect there is a fair bit of interest from the rank and file particularly when personal safety is concerned. I suspect dealing through TATA is the most efficient way of breaking into the Indian market but at this stage it's only guesswork as to how many units they might acquire. With over 2 million personnel (fulltime and reservists) in the Indian army it's a substantial market and probably only to get larger. So, as always with this sort of stock patience is the key but certainly the signs are positive.