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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.

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XTEK Ltd Timeline

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