| Goods |
XTEK (XTE), in conjunction with Skycraft, has been award an Australian Space Agency (ASA) grant for the design and launch of up to 30 small, low-orbit satellites
The ASA’s International Space Investment Expand Capability grant follows a memorandum of understanding from June 2019 and is worth $878,193
Under the agreement, XTEK and Skycraft will work alongside New Space India, the commercial provider of India’s Small Satellite Launch Vehicles
The company is now working to design a carbon fibre launch structure using its XTclave composite curing technology
XTEK shares are unchanged at Tuesday’s market open, priced at 74 cents per share |