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XTE

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57.5¢ xtek limited.

Proceeds from the Facility will be used:  to fund the rollout...

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anthill_commerce

249 Posts.

30/07/15

23:03

Post #: 15724828

Originally posted by pe2023 ↑

its same town neighbour was on tv for Prox Dynamics PD-100 UAV, maybe XTE's 10mil is for expansion as acquisition???

CN ID CN3114772

1 Agency Department of Defence

2 Publish Date 2-Jun-2015

3 Category Specialty aircraft

4 Contract Period 20-May-2015 to 27-May-2015

5 Contract Value (AUD) $1,756,566.86

6 Description Unmanned Ariel System

7 Procurement Method Limited tender

8 Confidentiality - Contract No

9 Confidentiality - Outputs No

10 Consultancy No

Expand

Proceeds from the Facility will be used:
 to fund the rollout of XTEK’s proprietary XTclaveTM technology which is used in lightweight armour applications including personal ballistic protection plates;
 for general corporate purposes; and
 for general working capital.

I like to think it's for point one.

XTE Price at posting: 41.0¢ Sentiment: None Disclosure: Held

1 Upvote

0 Great analysis

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	CN ID	CN3114772
1	Agency	Department of Defence
2	Publish Date	2-Jun-2015
3	Category	Specialty aircraft
4	Contract Period	20-May-2015 to 27-May-2015
5	Contract Value (AUD)	$1,756,566.86
6	Description	Unmanned Ariel System
7	Procurement Method	Limited tender
8	Confidentiality - Contract	No
9	Confidentiality - Outputs	No
10	Consultancy	No

Proceeds from the Facility will be used:  to fund the rollout...

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Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

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