FinTechFunding

XTEK: Completes first international XTclave delivery

  • XTEK (XTE) has completed its first international delivery of XTclave manufactured plates to CPE Production OY in Finland
  • The defence product manufacturer received the order in early May, which will bring in roughly $2 million for the company
  • This order consists of 250 plates to used by the Finnish Defence Force (FDF)
  • XTclave is XTEK’s proprietary preserving and unifying technology
  • XTclave makes it possible to manufacture lighter, stronger, stiffer and more durable armour
  • XTEK is up 4.27 per cent on the market and shares are trading for 61 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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