Proactive Investors - Run By Investors For Investors

XTEK receives $2.1 million order for x-ray equipment and training

The company supplies a range of products and support services to the defence, law enforcement and government sectors globally.
ascending stacks of coins
The company is expecting significant revenue growth in FY19

XTEK Ltd (ASX:XTE) has received an order from the Australian Defence Force (ADF) valued at $2.1 million for x-ray equipment and training.

The equipment consists of advanced, portable, lightweight x-ray image capture units used to obtain near real-time imaging in a variety of applications.

This follows on from an international order earlier this month for XTEK’s proprietary XTatlas software technology

READ: XTEK wins first international order for XTatlas software technology

XTEK’s managing director Philippe Odouard said: “XTEK has been supplying X-Ray equipment to law enforcement agencies and Defence for many years, primarily in support of homeland security - explosive ordnance disposal (EOD) and improvised explosive device disposal (IEDD).

“Having built strong relationships with various original equipment manufacturers, XTEK continues to provide state of the art equipment in this space.

“These recent orders for X-Ray equipment are testament to the world class products and solutions that XTEK provides.”

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

In February the company reaffirmed its 2018-19 financial year guidance of $20 million to $30 million, after record December 2018 half-year revenues of $8.4 million.

View full XTE profile View Profile

XTEK Ltd Timeline

Related Articles

The company expects to open its vault for even more cash takings
January 21 2019
Contracted revenues were $3.7 million last quarter but didn’t include Solo app sales for Samsung watches.
An armour plate based on XTclave technology
April 28 2019
The upper limit of the defence supplier’s guidance this half-year is $21.6 million.
electric vehicle charging
May 13 2019
The junior company's RecycLiCo patented process represents a breakthrough in the recycling of lithium-ion batteries by providing high extraction of cathode materials such as lithium, cobalt, nickel and manganese at battery-grade purity
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

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