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Xtek Ltd

XTEK wins first international order for XTatlas software technology

XTatlas provides digital real time intelligence from UAS (Unmanned Aerial System) video.

a drone
This international order follows the recent sale to the Australian Defence Force

XTEK Ltd (ASX:XTE) has received the first international purchase order for its proprietary XTatlas software technology.

The purchase order follows extensive assessment in challenging conditions.

XTEK managing director Philippe Odouard said: “The first international order for XTatlas represents a significant milestone for XTEK and validates the growing interest for our market leading software technology.

READ: XTEK expects at least $11.6 million of revenues this half-year

“We remain focused on commercialising XTatlas and will continue to progress discussions with key parties both domestically and globally, as the operational capability and functionalities of XTatlas gain more interest within the industry.”

XTatlas’ ability to provide digital real time intelligence from UAS (Unmanned Aerial System) video, including mapping, 3D modelling and image comparisons to accurately pinpoint geo-referenced features, were instrumental in the purchase decision.

This international order follows the recent domestic sales of XTatlas to the Australian Defence Force last year and expands XTEK’s global market share.

READ: XTEK selected as exclusive reseller for Heckler & Koch weapon systems in Australia

In May 2019, XTEK plans to complete a demonstration of XTatlas at the Special Operations Forces Industry Conference (SOFIC) in Florida, US.

This provides an opportunity for the software functionalities to be showcased to various UAS manufacturers, including AeroVironment.

It also underpins XTEK’s strategy to focus on commercialising the technology in valuable global markets.

In addition, XTEK has received expression of interest from potential clients who are considering the broader use of XTatlas in other areas, such as firefighting.

Quick facts: Xtek Ltd

Price: $0.59

Market: ASX
Market Cap: $28.75 m
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