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XTEK Ltd sets sights on commercialising proprietary products in second half of FY21 - Vimarsana News

XTEK Ltd sets sights on commercialising proprietary products in second half of FY21

XTEK Ltd (ASX:XTE) is targeting revenue growth in the second half of financial year 2021 as it shifts focus towards its proprietary products tailored for the government, law enforcement, military, space and commercial sectors.  During the half-year ended 31 December 2020, the company focused on driving higher margins through a shift in its product mix, including XTclave TM produced ballistic products and advanced composite solutions and XTatlas TM real-time contextual video, which provides unique solutions for western military forces and other government agencies.  The company reported...

XTEK Ltd directors support expansion strategy with on-market purchases - Vimarsana News

XTEK Ltd directors support expansion strategy with on-market purchases

XTEK directors support expansion strategy with on-market purchases The company recently signed an agreement to exclusively distribute and support Virolens in Australia and New Zealand and late last year secured a $1 million contract for the next phase of the C4 EDGE Program for the Australian Army. Uwe Boettcher now holds a total of 5,740,408 shares in the company and Chris Fullerton holds 200,000. XTEK Ltd (ASX:XTE) directors have displayed confidence in the company’s growth strategy through on-market share purchases. Non-executive director and chairman Uwe Boettcher has today...