Ann: XTEK Half Yearly Report for 31 December 2016 and Appendix 4D, page-3

XTEK announced in April 2016 that it has been selected as the preferred tenderer for the Land 129 Phase 4 tender for SUAS. Ministerial approval for this multi-million dollar project is expected in April of this year.

XTEK is currently negotiating a Broad Agency Agreement (BAA) proposal with the US Government to build and test new ballistic helmet designs using XTclaveTM. Commercially, this could be very promising, as there is a global demand for lighter weight ballistic helmets with increased protection levels.