XTE sells first Caliber MK4 bomb disposal robot in Australia
XTEK Ltd. (ASX:XTE), a growing supplier of security, tactical and forensics solutions, has announced the first ever sale of the Caliber MK4 cutting-edge bomb disposal robot to a law enforcement agency in Australia.
The Caliber MK4 EOD robot is a 318kg machine specifically designed to detect and neutralise explosive devices in a variety of locations including cars, homes and public spaces.
The MK4 robot is completely modular, allowing for easy platform upgrades, field repair and part replacement, therefore reducing annual maintenance costs.
According to its designers and manufacturer ICOR, the MK4 is equipped with a heavy duty 360 degree rotating claw, seven independent cameras, wireless capability and built in weapons for VBIED countermeasures.
The MK4 is controlled remotely from a dedicated command control unit giving the operator full operational control and safety.
XTE already supplies Australian law enforcement agencies with a range of products. XTE’s XTclave technology is currently being assessed by the US Department of Defence (DoD) as part of a two year trial worth US$1.5MN.
In Australia, XTE is currently a supplier to the Australian Defence Force (ADF), having received orders to buy around $7.7MN worth of equipment earlier this year.
More about XTEK
XTE develops, builds and sells its own hardware but to ensure a vast range of solutions, XTE also imports and distributes a range of other products. Overall, XTE supplies over a hundred different products ranging from rifles to explosives detection kits.
XTE’s proprietary technology has been branded as XTclave and XTatlas.
XTclave is a manufacturing technology to make more effective bullet proof composites. This can be used in personal body armour, helmets, aircraft and vehicle components which are typically used by the Military.
XTatlas is a tool that generates detailed aerial imagery and superimposes it onto existing maps such as Google Maps. Overlay of images is done in real-time which makes it particularly relevant for domestic law enforcement and emergency response markets. The XTatlas business unit was recently bolstered by XTE’s acquisition of Simmersion Holdings, an Australian-based 3D imaging company.
Together, XTclave and XTatlas are unique and proprietary to XTE with the US and Australian authorities already doing business with XTE.
In 2014-15, XTE’s revenues topped $12M with the company becoming cash flow positive and profitable after cost, for the first time earlier this year.
Where to invest $1,000 right now
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.