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XTE selects Heckler & Koch to resell defence products

Industrial
ASX:XTE
01 May 2019 00:55 (AEST)

 XTEK Limited, an Australian-based force has appointed Heckler & Koch to be its marketing and sales representative for its products.

H&K is a German-based company which manufactures handguns, rifles, submachine guns, and grenade launchers. H&K partners with security forces, police and special forces of NATO and NATO-associated states.

Apart from Germany, it also has global operations in the United States, United Kingdom, and France. H&K has appointed XTEK to be the exclusive re-seller for its products in Australia for the military and law enforcement authorities.

XTEK Managing Director Philippe Odouard commented: “We are very proud to have been selected as Heckler & Koch’s exclusive value-added reseller in Australia. This agreement enables a pathway to higher margin revenue streams of Australian Industry Content, training, repair and maintenance services. This is aligned with our existing strategy and ensures XTEK is a Defence supplier of choice in Australia.”

This agreement allows XTEK to introduce Australian Industry Content such as producing carbon parts using it’s XTclave [a technology which achieves composite curing and consolidation in thermoset and thermoplastic resin systems], to weapon systems to suit Australian customer requirements.

XTEK will also be responsible for providing training, repair and maintenance services on the H&K weapon systems. The Australian Defence Force and Victoria Police have already submitted tenders to XTEK for the provision of its weapon systems and the Company have submitted positive responses.

Please find the announcement attached

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