- XTEK (XTE) has completed its first international delivery of XTclave manufactured plates to CPE Production OY in Finland
- The defence product manufacturer received the order in early May, which will bring in roughly $2 million for the company
- This order consists of 250 plates to be used by the Finnish Defence Force (FDF)
- XTclave makes it possible to manufacture lighter, stronger, stiffer and more durable armour
- XTEK is up 4.27 per cent on the market and shares are trading for 61 cents each
XTEK (XTE) has completed its first international delivery of XTclave manufactured plates to CPE Production OY in Finland.
The defence product manufacturer received this order in early May, which will bring in roughly $2 million for the company.
This order consists of 250 plates to be used by the Finnish Defence Force (FDF).
XTclave is XTEK’s proprietary preserving and unifying technology.
This technology is suited to the manufacture of high-quality, precision ballistic and structural products such as unmanned crafts, lightweight tactical carriage equipment such as tanks, armour, and robotic mechanical systems.
XTclave makes it possible for the manufacture of lighter, stronger, stiffer, and more durable products.
“We are proud to be able to complete this initial delivery on the back of a long-standing relationship with Finnish Defence. The delivery provides validation of our technical capabilities and products, as well as our international commercialisation strategy,” Managing Director Philip Odouard said.
“We continue to make strong progress with other potential customers, including in a range of different channels in the U.S.,” he added.
XTEK is up 4.27 per cent on the market and shares are trading for 61 cents each at 3:32 pm AEST.