re: Ann: Media Release - XTEK is Taking to th... We might see significant revenue generated from XTclave™ technology in March quarter. and the company confirmed majority of its revenue will go to the bottom line.
the company has confirmed in half yearly report that it has already received in excess of $3mil order for second half, and if this to be repeated on an annual base, it will probably generate $2mil profit a year.
In only 5 years the Company has successfully moved the XTclave™ technology from a design concept stage in 2007, to a commercial scale production plant in 2012 that has the
potential to provide significant financial return to the Company.
a significant international contract up to the value of $1.5m awarded to the company by the US department of Defense Foreign Comparative Testing Program. This contract will see the company undertake lightweight hard armour development and testing work for the US Army utilising XTEK's novel XTclave composite consolidation technology.
Selection for participation in the FCT Program validates our technology. By being chosen, the XTclave™ armour technology has been acknowledged by the Comparative Testing Office of the US Department of Defence as offering a possible solution to the goal of providing lighter body armour to the US Military. Subject to the XTclave™ armour technology passing all test and evaluation criteria, there is strong reason to believe that this technology will become the preferred choice for future US Military SAPI
body armour acquisition requirements.
The ability of XTclave™ technology to consistently produce advanced technical composites,such as precision, void-free, structural carbon-fibre reinforced laminates, capable of withstanding extreme thermal loading is significant. It is believed that this could have considerable utility in areas such as the aerospace and aviation industries, in which small numbers of high-value products are routinely manufactured to exacting standards.
Non Disclosure Agreements with several global armour manufacturers in place
Non Disclosure Agreement with 1 aircraft manufacturer in place
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