Quickstep shares jump on first commercial sale

25/07/2013 - 12:03

Bookmark

Save articles for future reference.
Quickstep managing director Philippe Odouard.

Composites manufacturer Quickstep Holdings has made the first commercial sale of its patented Quickstep process, securing a $6 million contract with Russia-based aircraft composites builder ORPE Technologiya.

Quickstep announced the deal today, under which ORPE will use the process to produce large carbon-fibre shields for satellites during launches.

ORPE counts Airbus, Boeing and Siemens among its clients, which it services from offices in 20 countries including Germany, France, Switzerland, Great Britain and Italy.

The 18-month deal will involve all global divisions of Quickstep and open up the aerospace navigation, telecommunications and weather satellite markets, managing director Philippe Odouard said.

Quickstep’s patented process involves surrounding carbon fibre with heated liquids, enabling composite components to be cured more efficiently and at a lower cost.

“Carbon fibre composites weigh much less than metal, which provides a big advantage in terms of fuel efficiency,” Mr Odouard said in a statement.

“The value of the Quickstep process is that it is cost efficient, suited to mass production and can mould carbon fibre into exact shapes for specialist use.”

AT 11:30AM, WST, Quickstep shares had jumped 16 per cent, at 18 cents. 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options