News and Media
18th of February 2020
XTEK OPENS NEW ADELAIDE FACTORY, HERALDS CREATION OF ‘UP TO 40 NEW JOBS’
Composites company XTEK (ASX:XTE) has officially opened its new Adelaide manufacturing facility on Tuesday, enabling commercial quantities of ballistics equipment to be produced for local and international markets.
3rd of October 2019
XTEK wins ADF Wasp small UAS sustainment work
Canberra-based XTEK Ltd has been awarded a contract by Defence for the repair, maintenance and support of the ADF’s fleet of Wasp All Environment (AE) small UASs.
27th September 2019
Contract awarded for Wasp UAS fleet
XTEK Ltd has won a contract to provide repairs, maintenance and support services for the Australian Defence Force’s growing fleet of Wasp All Environment small unmanned aerial systems.
26th September 2019
Defence Force pays AU$10.6m to XTEK for drone maintenance
The Department of Defence has awarded Canberra-based company XTEK with the responsibility of providing repairs, maintenance, and support services for the Australian Defence Force's (ADF) Wasp All Environment (AE) small unmanned aerial systems.
19th September 2019
XTEK's US venture
Alan Kohler speaks with Philippe Odouard, the Managing Director of XTEK - the Canberra based military supplier, about a recent acquisition the company made in America and its plans for the future.
6th of September 2019
XTEK forges ahead in the US and in space
XTEK has seen solid revenue and profits growth in the last year on the back of the Wasp SUAS contract and a drive to increase their presence in the US and in outer space.
30th July 2019
Statement of strategic intent a boost to Aussie space sector
Canberra defence and security company XTEK, which specialises in advanced lightweight composite materials, has signed a statement of strategic intent and co-operation with the Australian Space Agency.
22nd July 2019
ASX: XTE - XTEK announces Strategic US Acquisition, Placement and Share Purchase Plan
XTEK Limited (ASX: XTE), an Australian Homeland Security market provider focused on protection and sustainment solutions, is pleased to announce it has entered into a binding agreement to acquire US market provider of body armour and personal protective equipment, HighCom Armor Solutions, Inc (“HighCom”).
22nd of July 2019
PRESSURE AND PERFORMANCE: AUSTRALIAN COMPANY PUSHES TO BE A GLOBAL LEADER IN ARMOUR
Last week, listed defence supplier Xtek (ASX:XTE) announced it would buy a small protective equipment company in the US, HighCom Armor Solutions. This earns the Australian business distribution in the world’s biggest defence market, and a path to becoming “a leading ballistic armour player globally.”
22nd of July 2019
XTEK acquires US ballistic armour company to accelerate product commercialisation potential
XTEK Ltd (ASX:XTE) managing director Phillipe Odouard updates Proactive Investors on the company’s strategic US acquisition of Ohio-based body armour and protective equipment company, HighCom Armor Solutions, Inc.
Mr Odouard says the strategic acquisition represents a key milestone in XTEK’s evolution to become a leading global ballistic armour player.
Completion of the acquisition is expected to take place in September 2019, pending regulatory and HighCom shareholder approvals.
18th of July 2019
AUSTRALIAN DEFENCE COMPANY, XTEK, ACQUIRES AMERICAN BALLISTIC ARMOUR COMPANY
XTEK Limited (ASX: XTE) (“XTEK” or “the Company”), a leading Australian defence company focused on tactical and protective solutions, is pleased to announce today that it has entered into a binding agreement to acquire US market provider of body armour and personal protective equipment, HighCom Armor Solutions, Inc (“HighCom”).
17th of July 2019
XTEK buys American armour company
XTEK has entered into a binding agreement to acquire US market provider of body armour and personal protective equipment, HighCom Armor Solutions.
24 Oct 2018
The New Criterion: the real defensive stocks
Given the current swooning stock market there’s plenty of talk about defensive stocks, but in the case of some of our listed defence suppliers that concept has a more literal hue.
1 Oct 2018
XTEK commercialising two new product lines in favourable market environment
XTEK Ltd (ASX:XTE) managing director Philippe Odouard tells Proactive Investors that the '21st Century' homeland security specialist company is building upon its profitable traditional business with two new product lines.
12 Jun 2018
Eurosatory 2018: Australian Ballistic Armour
Xtek’s ballistic plates and helmets, manufactured with Xtek’s proprietary patented XTclave manufacturing technology, protect against 7.62x39mm mid steel core weaponry - but up to 30% lighter than traditional solutions, the company says at Eurosatory.
22 Mar 2018
XTEK poised for rapid near-term growth following major contract wins
XTEK is well positioned for rapid near-term revenue growth in 2018 after finishing the 2017 calendar year with record orders in hand of $42 million, the highest in the history of the company.
19 Dec 2017
XTEK wins first European order for its high-end ballistic armour
Significant step towards the commercialisation of the company's XTclave technology.
19 Dec 2017
Canberra SME begins export journey
ACT-based defence and homeland security specialist XTEK has marked a significant milestone, landing its first order of its XTclave technology, taking it from a reseller to an export manufacturer.
26 Oct 2017
Aerial vision: is it time to invest in drones?
There’s a “revolution afoot” as drones make the transition from military to general use, an investment firm has said, prompting investors to consider the market opportunities.
22 Oct 2017
BIG Business News & Finance interview with Philippe Odouard
XTEK Limited, Managing Director, Philippe Odouard gives a video interview at the Australian Microcap Investment Conference October 2017.
18 Oct 2017
XTEK awarded multi-million dollar purchase order
XTEK (ASX:XTE) has received a purchase order from the Australian Defence Force (ADF) for the supply of x-ray equipment worth A$2.4 million.
15 Sep 2017
XTEK's Philippe Odouard reveals strong sales pipeline and growing revenue
Philippe Odouard, managing director for XTEK, speaks with Proactive Investors.
31 Aug 2017
Canberra SME surges back to profitability
A Canberra-based homeland security specialist has gone against its own financial expectations and returned to profitability in FY2017, on the back of a strong second half and the government’s increase in defence spending.
25 Jul 2017
XTEK signs formal contract with Australian Defence
XTEK (ASX:XTE) has today formally signed the previously detailed contract to supply small unmanned aerial systems (SUAS) to the Australian Defence Force (ADF). Under the agreement, XTEK is the prime contractor and will deliver a range of products worth circa A$42 million to the ADF over three years, commencing 1 July 2018.
25 Jul 2017
XTEK's $100m Drone Deal to give Homeland Security Specialist a bit of Security
Xtek’s $100m drone deal to give homeland security specialist a bit of security
6 Jul 2017
3 exciting tech shares flying under the radar
Xtek is a defence technology company and the primary contractor in the $100 million LAND 129 Phase 4 program for the supply of drones to the Australian army.
3 Jul 2017
XTEK's Philippe Odouard presents growing revenue and new contracts
Philippe Odouard, managing director for XTEK, speaks with Proactive Investors.
What Next for Tactical UAS?
As Army prepares to roll out a dismounted and man-portable small UAS (SUAS) capability across its entirety for the first time, it is also considering applications for the future integration of SUAS into mechanised and armoured units for a 'SUAS-on-the-move' capability.
29 June 2017
ASX-listed company to commercialise composite technology
Canberra-based homeland security specialist Xtek has announced it has raised capital to commercialise its composites technology.
28 Jun 2017
XTEK secures cash in oversubscribed capital raising
XTEK (ASX:XTE) has completed a $3.0 million oversubscribed placement to sophisticated and institutional investors priced at $0.46 per share.
26 June 2017
One investment idea for FY18 that you’ve probably missed
The close to $800 million contract to build warships that shipbuilder Austal Limited (ASX:ASB) announced today highlights a promising investment thematic for the new financial year that most investors have probably overlooked.
26 June 2017
XTEK Limited to reveal raising details
XTEK Limited (ASX:XTE) has been granted a trading halt by the ASX, pending details of a capital raising.
20 Jun 2017
Canberra-based company to bring robots to state police force
Xtek has announced it has been awarded a $1.7 million contract to supply two explosive ordnance disposal (EOD) robots to a state police force.
19 Jun 2017
Canberra manufacturer to supply $1.7m bomb disposal robots to police
Canberra-based engineer XTEK has been awarded a contract worth $1.7 million to supply two explosive ordnance disposal (EOD) robots to an Australian state police force.
19 Jun 2017
An Australian company just sold its combat helmets to US special forces
Australian defence supplier XTEK has just closed a deal to supply its lightweight combat helmets to ant-terrorism special forces in the US.
19 June 2017
Access latest PPT from Proactive's CEO Sessions
Xtek's (ASX:XTE) managing director, Philippe Odouard, joined Proactive's CEO Sessions in Sydney on Wednesday 14th June and Melbourne on Thursday 15th June.
16 Jun 2017
Christopher Pyne D+I Conference
This speech was presented by Hon Chirsopher Pyne Mp at the D+I Conference in Canberra, June 2017.
Please click here for the full speech.
14 Jun 2017
XTEK enlists in US military
ASX-listed defence tech company Xtek has won a second contract with the US Military to test its materials technology XTclave for armour.
8 Jun 2017
Prime time for XTEK as Army acquires full SUAS capability
The announcement last week that Army had selected the Aerovironment Wasp AE for its Small UAS (SUAS) requirement under Project Land 129 Phase 4 has propelled SME XTEK Limited into the major league of defence contractors, with Commonwealth's $101 million investment by far the largest in the companies history.
1 Jun 2017
New Small Unmanned Aerial Systems for ADF
A new world-class surveillance and reconnaissance capability acquired by Defence will give our soldiers an edge on the front line.
30 Nov 2016
XTEK 2016 AGM Presentation
This presentation for XTEK Limited (ASX: XTE) was presented at the 2016 Anual General Meeting on the 25 November 2016.
Please click here for the full presentation.
9 Mar 2016
Update on Commercial Unmanned Aircraft Systems (UAS) Services Business
XTEK has lodged an application with CASA for a UAV Operator’s Certificate, to operate the Lynx M fixed wing UAS from Swift Radio Planes and the Qube, quadrotor UAV from AeroVironment Inc.
XTEK intends to fly these UAS, on a commercial basis, as soon as a UAV Operator’s Certificate has been issued.
The following links provide more information on these UAS:
• Lynx M Brochure
• Swift Radioplances - Lynx
• Aerovironment - Qube
Lynx M with XTatlas™ for Real Time Contextual Video and Fast 2D Mapping
Depending on the client requirements, XTEK will use either the standard camera (see Lynx M brochure - above) or an XTatlas™ capable Go-Pro camera. e.g. If highly accurate mapping is required, with post flight processing, the 24MP Sony camera will be fitted. If contextual video and / or fast turn-around 2D mapping is required, a Go-Pro camera with XTatlas™ will be fitted.
To find out more about CASA, the commercial operation of Remotely Piloted Aircraft (RPA) in Australia and obtaining a UAV Operators Certificate:
10 Apr 2015
ChemImage Sensor Systems Debuts Cutting Edge Product for Correctional Facilities to Detect Hidden and Illicit Drug Substances
ChemImage Sensor Systems (CISS™) proudly introduces the launch of their newest product the VeroVision™ Mail Screener, which utilizes real-time shortwave infrared imaging sensor technology to detect hidden illicit drug substances.
The initial public demonstration of this product will be at the American Jail Association’s 34th Annual Conference & Jail Expo in Charlotte, NC, from April 19th -22nd, 2015. The capabilities of the product will be displayed at the CISS exhibit at booth #229. Jeffrey Beckstead, PhD., Director of Product Development, will also be presenting the technology and its drug screening applications during the Exhibitor Showcase on Monday, April 20th at 1:00 pm.
The VeroVision Mail Screener scans articles of mail, and detects illicit drugs and common cutting agents. The system features a simple, one-click user interface that allows the operator to scan mail within seconds and clearly confirm the existence of illicit drug substances. Using shortwave near-infrared light, the system can reveal what is invisible to the human eye. The system incorporates advanced acquisition and processing methods to detect illicit substances and presents the detections to the mail screener.
“A known problem that correctional facilities face is the continued introduction of illicit materials through the mail which causes security issues and ultimately increased cost. Understanding this issue, we knew that by combining our imaging and processing expertise, and building upon our existing VeroVision hyperspectral imaging platform, we could develop a system in a rather short period of time to address this major security issue,” states Marie Molnar Hammond, Vice President of Marketing and Product Development, ChemImage.
A major emphasis on the product feasibility and design was to meet the demands of the correction’s market and make the product a simple and effective screening tool. We feel this goal has been met with the VeroVision Mail Screener.
“The introduction of contraband drugs through the mail is a growing problem in correctional facilities,” stated William Stickman, Retired Deputy Secretary Pa. Dept. of Corrections. “Use of the VeroVision technology will enable the facility mail inspectors to do a more thorough job of drug detection and save time.”
“Threat detection has been a major focus for ChemImage Corporation and its sensor company CISS,” says Matthew Nelson, Chief Scientist and Line of Business Manager, ChemImage Sensor Systems. “Extension of the VeroVision technology to illicit drug detection for corrections mail screening was a straightforward path from our standoff explosive and clandestine drug detection product line.”
“By adapting the VeroVision platform to the mail screening application, we are able to introduce the product’s feasibility into the correction’s market. The VeroVision Mail Screening product reduces the time to screen mail, while improving the detection capabilities over human screening.”
For more information, contact Alan Elliott, XTEK EOD/HRR Manager - 1800 500 032.
17 Feb 2015
VideoRay submersible ROV demonstration
XTEK has secured a significant agreement with VideoRay, the world’s largest underwater Remotely Operated Vehicle (ROV) manufacturer, enabling XTEK to offer a complete range of remote vehicles to the Australian and New Zealand market.
United States-based VideoRay has sold over 3,500 submersible ROVs worldwide and the latest agreement establishes XTEK as the exclusive reseller of VideoRay systems to the defence and law enforcement sectors in Australia and New Zealand.
VideoRay systems are a highly advanced and cost-effective small solution for underwater exploration. Its versatile ROVs can be fitted with a wide range of sensors and tools to suit multiple price points and a wide range of applications, such as search and rescue, law enforcement, salvage, research and safety inspections. The most recent and notable use of VideoRay ROVs was during the raising of the cruise ship Costa Concordia, which was wrecked off the coast of Isola del Giglio in Italy in January 2012.
VideoRay demonstrated the capabilities of the portable ROV at a demonstration at Lake Burley Griffin. For more information, contact Alan Elliott, XTEK EOD/HRR Manager 1800 500 032.