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ADVANCED BRAKING TECHNOLOGY LTD — Capital/Financing Update 2016
Aug 23, 2016
64282_rns_2016-08-23_4f44fa0e-bad9-473f-887d-3ae961d313f4.pdf
Capital/Financing Update
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ASX RELEASE
24 August 2016
ABT Receives Indonesian Orders for Terra Dura Wheel Ends
Further to our release of July 27 Advanced Braking Technology (ASX: ABV) (‘ABT’ or ‘the Company’) is pleased to confirm receipt of its first orders from Indonesia following the successful trial of our Terra Durra, metal wheel ends. ABT will provide an initial 9 vehicle sets as a part of an anticipated 60 vehicle rollout across the rest of the financial year. The initial order is worth in excess of $100,000 with a total anticipated order value in excess of $700,000.
ABT’s Managing Director, Graeme Sumner said, “We are pleased the trial has progressed to the point that we have now received commercial orders for this new brake design.
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For further information, please contact:
Mr Graeme Sumner Chief Executive Officer Advanced Braking Technology Ltd Telephone: +61 (0) 447275998 www.advancedbraking.com
About Advanced Braking Technology Ltd
Advanced Braking Technology Ltd (ASX: ABV) develops innovative braking systems. Their first product was the multiaward winning Sealed Integrated Braking System (SIBS®), a comprehensively patented Australian invention, with an environmentally friendly, failsafe braking mechanism suitable for the harshest of conditions. SIBS® brakes are used widely in light commercial vehicles in the Australian mining industry and increasingly throughout the world thanks to a growing global network of distributors.
Advanced Braking Technology have recently developed a revolutionary ultra light polymer brake and also diversified into the retail sector with their Terra Dura product range for 4WDs.
Page 1 of 1 Advanced Braking Technology Ltd (ACN 099 107 623, ABN 66 099 107 623) Email: [email protected]