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Xtek Ltd

XTEK wins first purchase order for its drone-based technology from Australian Defence Force

The technology is expected to revolutionise the use of small drones in the military and commercial environment.

a drone
Providing real-time actionable intelligence to warfighters on the ground

XTEK Ltd (ASX:XTE) has received the first purchase order from the Australian Defence Force (ADF) for its proprietary XTatlas Small Unmanned Aerial Systems (SUAS) technology.

XTatlas is an application that allows for real-time, accurate geo-referenced mapping from a full motion video taken from a SUAS (small drone).

The application provides real-time intelligence to a warfighter at a fraction of the cost provided by similar data from large UAVs.

This purchase order worth $70,000 is scheduled to be delivered very quickly and will allow full evaluation of the capability of the application within the ADF.

XTEK’s recent product launch attracted interest from SUAS manufacturers, suppliers and end users worldwide.

The technology is expected to revolutionise the use of small drones in the military and commercial environment.

Real-time actionable intelligence

XTatlas outperforms incumbent competitor products which cannot provide geo-referenced mapping in real-time, with data outputs often taking several hours to compute and analyse.

XTEK’s technology compares real-time video from past pictures/video of the same area to detect and analyse modifications and provide real-time actionable intelligence to the warfighter on the ground.

The use of XTatlas is not limited to the defence and law enforcement sectors, with the technology providing a rapid, accurate mapping advantage in search and rescue, firefighting and disaster response situations.

READ: XTEK confirms strong growth outlook for FY2019 following another profitable year

XTEK managing director Philippe Odouard said: “This purchase order represents another significant milestone in XTEK’s strategy to commercialise its proprietary product portfolio.

“XTatlas represents a significant growth opportunity for XTEK, and we are excited to be supplying our world-leading XTatlas technology to the ADF.

“We also intend to continue progressing discussions with a number of interested parties worldwide”.

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Price: $0.55

Market: ASX
Market Cap: $26.8 m
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