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XTE - XTEK LIMITED.


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Question: Is the Entity aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

Answer: Yes, the Company is aware of such information, that relates to an Australian Government Contract (Defence). To date, XTEK had been unable to release specific and price sensitive details on this contract without prior Defence approval.

 

However, on the 25th September 2019, XTEK became aware that this information had been released by Defence through Aus Tender, unfortunately without theknowledge of either the Defence Minister or XTEK.. The Company has been awarded a long-term and exclusive contract (HSD/CON/8054/1) to provide spare parts, repair, maintenance and support services for the ADFâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s growing SUAS fleet.

 

To date AusTender has issued the following Contract Notices under this Contract:

ïâ€Å¡Ãƒ‚· Contract Notice No 3626505 âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Contract Value $28,213.46

ïâ€Å¡Ãƒ‚· Contract Notice No 3628788 âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Contract Value $30,551.09

ïâ€Å¡Ãƒ‚· Contract Notice No 3623915 âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Contract Value $550,000.00

ïâ€Å¡Ãƒ‚· Contract Notice No 3629757 âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Contract Value $10,072,700.00

Question 2 If the answer to Question 1 is Yes

Answer: Given the confidential and sensitive nature of information contained within the contract and after being directed by the Australian Defence Force not to make any such public disclosure on the Contract award until it had been disclosed firstly by the Defence Minister, XTEK became reliant on the provisions of LR 3.1A.1 to not make any market announcements.

Someone acted. ....70c

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  • 1 year later...


07 March 2022: Purchase Order from an undisclosed customer to the value of A$2.75m for the urgent supply of specialist ballistic armour products.
09 March 2022: Purchase order totalling A$2.75m from the Commonwealth of Australia Department of Defence, for “Wasp” Small Unmanned Aerial Systems (SUAS) systems.
24 March 2022: Purchase Order for the urgent supply of specialist ballistic armour products from an undisclosed international customer to the value of A$3.2m.
04 April 2022: Purchase Orders worth a combined value of A$2.35m for specialist ballistic armour products.
26 May 2022: Purchase Order for the rapid supply of HighCom body armour products from an undisclosed customer to the value of $9.5m

 XTE share price has more than doubled since the war in Ukraine began.

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XTEKs HighCom Subsidiary Receives US$33.21m (A$46.8m) Order  

Key highlights: 

  • Purchase Order for urgent supply of specialist ballistic armour worth US$33.21m (A$46.8m)
  • Multiple shipments scheduled for delivery over coming weeks 
  • Ballistic armour contracts since 01 March 22 now total A$64.4m  
  • Total Group new contracts since 01 March 22 now exceeds A$69.5m
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  • 2 weeks later...

XTEK Receives A$8.1m for SUAS* Spares & 2 Year Support Contract Extension Orders

This is further work for XTE, and helped drive the shares higher today. to 44c. Key highlights:
• Defence SUAS Spare Parts orders worth a combined value of A$5.7m
• 2 Year Support Contract term extension accepted for FY23 & FY24 valued at $2.4m

*Support Contract with Defence for Small Unmanned Aerial Systems.

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