re: Ann: Press Release - XTEK & Morgan Announ... not sure if anyone notice this unique defence company, they should have $6mil annual turnover through its existing product with half mil to $1mil profit. $3mil from Australian defence force, $1mil from us testing order for XTclave™ Composite which reducing weight of personal body armour at a lower cost, the testing program is running for 2 yrs, if successful, it will be a huge boost and significant re-rate of the company.
last month, the company announces unmanned aircraft vehicle cash cow.
and now partner with Morgan to sell bomb suits to euro and asia.
not sure how the market re-rate this $8-10mil turnover company with cash cow model. remember XTclave technology is like a medical novel, doesn't really involve much ongoing costs to product the products.
re: Ann: Press Release - XTEK & Morgan Announ... not sure if...
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