2190 days ago

Canberra 10 October 2013. XTEK Limited (ASX:XTE) has announced a Non-Renounceable Rights Issue (“Rights Issue”) to raise $679,291.21 in working capital to market its revolutionary XTclave™ Composite Consolidation Technology (CCT) which has captured the interest of the US Military.

In 2013 XTEK was awarded a significant contract up to US$1,502,166 by the United States (US) Department of Defense (DoD) Foreign Comparative Testing (FCT) Program for the development of advanced lightweight hard armour plate solutions using XTEK’s novel XTclave™ isostatic CCT.