Australian advanced materials company Quickstep Holdings Limited (QHL) is pleased to advise that it has secured new Development contracts with a total value of over $500,000 including further collaborative work with a large European aerospace company. The projects include paid development work on the manufacture of integrated parts in one cure cycle; and Composite repair solutions. These externally funded and partnered development programs will be undertaken in Quickstep’s wholly own German development facility and are focused on individual commercially confidential programs. The programs are in keeping with Quickstep’s 3-part Business Strategy, which comprises contract manufacturing work, paid Quickstep Process development work and Quickstep Process technology transfer. These technology developments run in parallel to Quickstep’s defence contract programs with Northrop Grumman Corporation, a subcontractor to Lockheed Martin Corporation, to manufacture doors and panels for the F-35 Lightning II Joint Strike Fighter aircraft.
Commenting on the new contracts, Quickstep CEO, Mr Philippe Odouard, said the development initiatives had excellent potential to unlock significant new business opportunities for the Company and form part of its strategy to commercialise its patented Quickstep Process in a range of aerospace, defence and automotive applications. “We are very fortunate to now have a number of development projects running simultaneously, all of which provide us with valuable revenue and exposure to a wide range of potential new commercial partnerships and commercially focused development programs,” he said. “The Quickstep Process is continuing to gain momentum in the world of composites,” he said. “This is the fruit of many years of refinement – not only the Quickstep Process itself, but also of our broader marketing strategy and business plan. We expect further high-end partnered Quickstep Process development programs to be announced over the following months,” Mr Odouard continued.
Quickstep Holdings Limited (QHL) is an Australian-based company which is at the forefront of advanced materials manufacturing and technology transfer for the global aerospace and defence industries. The use of advanced composites is rapidly growing with carbon material usage planned to increase at an average rate of 20% per annum for the next 10 years, underwritten by the emergence of high-use carbon fibre commercial aircraft such as the Boeing 787 and Airbus A350. Light weighting of vehicles is the prime driver with commercial aircraft and military equipment leading the charge. Quickstep has significant capabilities and expertise in the production of aerospace-grade composite components using both conventional autoclave-based manufacturing and leading edge out-of-autoclave production technologies, including its proprietary Quickstep Process.
Tags: Advanced Materials, New contract, QHL, Quickstep Holdings
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