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ASX-listed XTEK Limited has announced that the company’s HighCom Armor Solutions businesses has opened an office in Poland, supporting its European business operations.
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The new European sales and distribution office is expected to support HighCom’s existing client base, with new sales and operations staff operating in closer proximity to their military and law enforcement customers.
It is also hoped that the office’s new placement in Poland will enable faster delivery to clients, with the business pursuing a range of new business opportunities.
“XTEK is excited about the opening of our new HighCom sales and distribution office in Poland,” Scott Basham, XTEK’s Group chief executive officer said.
“This achievement is a significant milestone in our organic growth strategy, as it places our world-leading, ultra-lightweight body armour and advanced ‘rifle rated’ helmet technology squarely in the strategic theatre of support operations for Ukraine, where we have done so much over the last year.
“Our new office in Poland, similarly, also provides us with excellent access to all of those many Central European and Scandinavian countries that are rapidly replenishing and increasing their holdings of body armour and ballistic helmets for their mainstream military, national guard, and reserve forces, in case the war in Ukraine spreads more widely in the new year.
“And our HighCom team is actively hunting a large pipeline of new sales opportunities all around the globe — in Europe, the Middle East, the Asia-Pacific, South America, and the US.”
Earlier in the month, it was revealed that the Department of Defence had awarded a $26.9 million contract to XTEK Limited for the delivery of new small unmanned aerial systems (SUAS).
XTEK has been tasked with supplying a mixed fleet of advanced AeroVironment drones over the second half of the 2023 financial year (FY23).
Basham welcomed the new contract, which he said would further build on the company’s growing project pipeline.
“XTEK is very pleased to be able to continue to provide Defence with high-end SUAS technology, and this new order for a mixed fleet of advanced AeroVironment drones will deliver significantly enhanced tactical reconnaissance and surveillance capabilities for Defence,” he said.
“This order, combined with the current backlog of technology division work that we expect to progressively deliver over the course of the next seven months, will already see XTEK achieve record turnover in excess of $82 million for FY23.
“And, on top of that, should we win even just a portion of the many large-scale ballistic armour opportunities we are currently pursuing around the world, then that could see the second half of FY23 become very exciting indeed.”
[Related: Defence taps XTEK for SUAS delivery]
