first contract announced!

First contract announced today and it appears the relentless kamikaze 50K seller at 23 has just about sold out. Looking healthier.

Website: www.quickstep.com.au

Quickstep gets first contract manufacturing order:

13:20, Wednesday, 19 October 2005

Sydney - Wednesday - October 19: (RWE Aust Business News) -
Newly-listed composites technology developer Quickstep Holdings Ltd
(ASX:QHL) has its first order for contract manufacturing business
QuickPanel.
QuickPanel will apply its composite manufacturing technology to
the contract manufacture of glass fibre/foam and carbon fibre/balsa core
panels for Western Australian boat-builder Monocat Marine Australia.
Delivery is expected to commence in early December.
"With over $5.4 million of funds post-listing, the QuickPanel
contract manufacturing business represents the start of our plans for
commercial roll-out of the Quickstep Process," managing director Nick
Noble said.
Quickstep shares were steady at 23c.

Also of interest is this Age article:

Quickstep moulds plans with $6m ASX listing
By Ian Porter
August 22, 2005

Carbon fibre is increasingly being used through the bodywork of cars such as the Corvette Z06. Quickstep has supplied its technology to Toyota.

A SMALL Perth company that has invented a way of processing advanced industrial plastics is planning to raise $6 million with a prospectus opening today.

Quickstep Holdings has already supplied its technology to Toyota in Japan and formed an alliance with the world's largest producer of carbon fibre, Toray Composites.

Managing director Nick Noble said the company had also supplied development versions of its pressure chambers to an affiliate of British Aerospace in Britain, and to the Victorian Centre for Advanced Manufacturing Materials in Geelong.

Composites are advanced industrial plastics where woven carbon fibre is impregnated with plastic and baked into the desired shape.

They were displacing lightweight metals such as aluminium and magnesium in aeroplanes and were expected to do the same in cars and other products, Mr Noble said.

"At present, the cost of a composite part is 20 per cent material and 80 per cent processing," he said.

"Our technique reduces the cost of processing."

Up to now, composites have had to be "laid up" in the part mould and then baked in high-temperature ovens or autoclaves to set them in their final shape.

Under the Quickstep process, the carbon fibre and plastic is "laid up" and then inserted into a pressure chamber, where it is immersed in hot fluid, making the curing much quicker and more energy efficient.