Company
Adelaide, SA
Every investor coverage indicates participated in a round XTEK raised.
Companies XTEK acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Philippe Odouard | Managing Director | @AuManufacturing (Mon 17 Nov 2025), @AuManufacturing (Fri 9 Aug 2019) |
| Scott Basham | CEO | @AuManufacturing |
Stories naming XTEK. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Podcast interview with SolidHydrogen chief executive Philippe Odouard on hydride-based hydrogen storage, why the sector must compete without subsidies, and a $2.5 million grant for pilot projects.
Roundup of Australian manufacturing news: government grants for Wide Open Agriculture, FYI Resources and female founder programs, an XTEK armour order, Oventus Medical's wind-up, an Osteopore board appointment, and Monash's new venture program.
Also AgFunderNews
Australia's federal government awarded roughly $3.2 million in matched grants across two defence programs to six SMEs for manufacturing equipment, with amounts from about $62,000 to $1 million each.
Skykraft and XTEK completed qualification testing of a satellite deployment stack developed under an Australian Space Agency grant of $878,000, clearing it for India's small satellite launch vehicle.
Also @AuManufacturing
Profile of TST, an Australian-Singaporean composites company commercialising the D4 forming process for helmets, covering its defence research origins and an Advanced Manufacturing Growth Centre grant backing its motorcycle helmet work.
Defence manufacturer XTEK posted a half-year gross loss of $3.2 million on R&D spending and US acquisition integration, while disclosing a $12.1 million raise and $1.8 million in government grants for its Adelaide plant.
Defence company XTEK completed an oversubscribed $9.2 million institutional placement, with a shareholder purchase plan under way, and joined the EOS-led C4 EDGE consortium developing command technology for the Australian Army.
Seven companies have received Sovereign Industrial Capability Priority grants totalling 2.4 million dollars to expand defence-related manufacturing capacity across several states.
UNSW Canberra spin-off Skykraft receives a million-dollar ACT government grant to develop small satellite systems for global air traffic management, with extra cash and in-kind support from partners.
Applications open for a further round of a defence grants program; earlier recipients include three named manufacturers, with $12.4 million granted so far in amounts from $50,000 to $1 million.
Armour maker Xtek has received a million-dollar sovereign industry grant towards a composites production facility for its curing technology, building on US defence contracts and a spacecraft development agreement with Skykraft.