Sign up Australia
Proactive Investors - Run By Investors For Investors

XTEK wins new supply contract with police

XTEK (ASX:XTE) has been awarded a contract to supply an explosive ordnance disposal (EOD) robot to an Australian state police service.
XTEK wins new supply contract with police
XTEK wins new supply contract with police

The estimated size of the market for EOD and surveillance robots used in Australian law enforcement is in excess of $20 million.

The contract includes maintenance component which will provide valuable recurring revenue.

Potential exists for further contract wins as most robots used by Australian law enforcement agencies will need to be replaced and/or upgraded in the near future.

Phillipe Odouard, managing director, commented: “We are an industry leader when it comes to the supply of unmanned vehicles for land, air or sea to security and military forces in this country.

“This means XTEK is well placed to benefit from the growing demand for such vehicles at a time of heightened public safety concern from the threat of terrorism.”


Background

XTEK is a leading company in the Australian Homeland Security Market.

XTEK’s knowledge and expertise is focused on the delivery of protection and sustainment solutions for the government, law enforcement, military and commercial sectors.

The supply and maintenance of unmanned systems are becoming a major focus for XTEK.

In addition, XTEK has developed a range of new technologies which it is now commercialising for the international market.

XTclave composite production process and products allow the highest performance ballistic protection for armed forces.

XTatlas real time geospatial video and the digitisation of unmanned ground vehicle (UGV) control systems provide novel solutions for our law enforcement agencies and military forces.

View full XTE profile View Profile

XTEK Ltd Timeline

Related Articles

remote meeting
August 15 2018
The acquisition of MeetingZone earlier this year has been called “transformational” by LoopUp bosses
An energy plant
August 13 2018
The exclusive contract will run its course for two years and includes a one -year extension option
1535732048_universal-mcloud--wind-turbines.jpg
September 01 2018
The tech group is increasingly expanding its geographical reach and gaining traction in China

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use