XTEK invests $1m in QRSciences

Cannington-based technology developer QRSciences Ltd has received an investment of $1 million from its Australia, New Zealand and Oceania distributor XTEK Ltd.

XTEK chief executive officer Nigel French said the investment of $1 million would further enhance XTEK's expansion into the global market for innovative Homeland Security products and services.

In November, QRSciences signed an agency agreement with XTEK to distribute explosive detection products developed by QRSciences.

Under the agreement, XTEK became the sole distributor in Australia, New Zealand and Oceania of QRSciences' next generation of Checkpoint Screening technology that dramatically improves detection of plastic and distribution explosives.

"This is an exciting product that promises to become the future new standard in aviation industry security," he said.

Mr French said the arrangement was also a natural fit, since XTEK already had equipment ranging from metal detectors to bomb response capabilities at every significant Australian airport.

QRSciences last month signed a multi-million dollar contract with the Australian Customs Service to develop a weapons detection system for international mail and packages.