The manufacture of personal protection hard armour ballistic plates continues to be a focus for the Company, with the US emerging as the main target market. The United States Department of Defense FCT project will come to completion in November 2015. The focus of the Company is to successfully complete the FCT armour development and testing work for the US Army. Further, to explore commercial relationships with US based companies that want to use the XTclave™ process to manufacture in the US. Senior management will actively engage with stakeholders in the exploitation of these opportunities. Commercialisation of XTclave™ in the US could be through a joint venture, royalty based licensing or one-off application based licensing.
Looks like there is some anticipation around the place
XTE Price at posting:
42.0¢ Sentiment: None Disclosure: Held
