Sign up
Tech Capital

XTEK chairman buys more shares on market

XTEK is a leading company in the Australian Homeland Security Market.
ASX-All-stocks-3-757.jpg
XTEK recently released new body armour technology

XTEK (ASX:XTE) has had 30,000 of its shares purchased on-market by its chairman of the board.

Uwe Boettcher spent $10,200 buying 30,000 shares priced at $0.34 increasing his total holding in the company to 4.96 million shares.

XTEK recently produced rigid body armour inserts that it believes to be circa 30% lighter than existing armour that offer the same protection level.

The company used its XTclave technology to produce a body armour insert that has been tested and shown to protect against the 7.62 millimetre mild steel core (MSC) bullets.

The technology will be exhibited at the world’s largest composite show in Paris later this month.

View full XTE profile

XTEK Ltd Timeline

View All

Related Articles

esports arena
The AIM-listed group is well-placed to take advantage of the impending boom in the popularity of esports

© tech Capital 2017

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.