First Qure contract achieves customer acceptance

Sydney, Australia – Advanced manufacturing company Quickstep Holdings officials announced that its €4.24 million ($6.2 million AUD) contract to deliver the first Qure technology for a commercial client is nearing completion. 

Leading European aerospace composites manufacturer ORPE Technologiya has tested and accepted the Qure machine for installation at its premises. The machine was tailored to ORPE's specification and has successfully produced 6m x 4m carbon fiber parts which will be used to shield satellites during launch. 

Quickstep will recognize €4 million ($5.8 million AUD) revenue in FY2015 and has received cash payment. The installation will be completed at ORPE's premises next financial year, with the balance of the revenue to be recognized at that time. 

Quickstep managing director, David Marino, said: "We are pleased to report that the Qure machine has performed to the quality and specifications required by our client, and has been approved for installation. This is a strong endorsement of our Qure technology which will lead to further aerospace industry opportunities for Quickstep." 

The Qure technology is a unique, patented technology that molds carbon-fiber components using fluids instead of standard autoclave techniques, reducing costs and processing time. Quickstep's disruptive technology significantly lowers the cost of manufacturing aerospace components. Qure is a new alternative to an autoclave that offers the aerospace industry greater flexibility and more control over the curing cycle when carbon-fiber composite components are made. Quickstep provides a turnkey manufacturing solution for aerospace, defense, and automotive clients.

Source: Quickstep