Specialist automotive brake manufacturer Advanced Braking Technology has continued to grow during the Covid-19 pandemic on the back of orders from its traditional resources company clients. The Perth company told investors that sales of its fail-safe braking systems for heavy mining equipment were five per cent up in the fourth quarter compared to last year.…
Perth’s Advanced Braking Technology (ASX: ABV) has made good progress in the past year in stabilising the company’s financial position. Chairman Dagmar Parsons told the company’s annual general meeting that the company had undertaken a strategic review, driven cultural change and identified cost savings. She said progress had been made towards the goal of returning…
Vehicle braking system manufacturer Advanced Braking Technology and mining giant Glencore are to jointly develop a heavy vehicle Sealed Integrated Braking System (SIBS) for its Volvo FMX Haul Trucks (pictured). ABT manufactures a similar FailSafe brake for light commercial vehicles used extensively in the mining sector as well as systems for the Australian army Hawkeye…
ABT’s record growth in FY23 Sealed heavy vehicle brake manufacturer Advanced Braking Technology has announced revenues of $14.7 million for FY23, a 25.1 percent increase on the previous year. The company was able to increase sales margins during the year by 5.97 percent to 49.9 percent. Net profit after tax was $1.47 million, a 129…
ABT reveals new sales to Glencore and BHP Advanced Braking Technology has revealed new sales of its failsafe heavy vehicle braking systems to mining companies Glencore and BHP, as part of an activities report to shareholders. The Perth company said sales for Q2 FY23 were up 50.8 percent on the previous corresponding period to $3.96…
Fail-safe vehicle braking systems manufacturer Advanced Braking Technology has delivered all 1,100 hill hold brake systems to cover the initial requirements for the Hawkei protected mobility vehicles that Thales is building for the army under the LAND 121 project. The milestones marks the completion of the Perth company’s first major defence project, giving it the…
Amaero International to review strategic alternatives Additive manufacturing technology company Amaero International has commissioned investment and advisory firm Guggenheim Securities to evaluate strategic alternatives for the company. The study was aimed at ensuring it was ‘taking every step possible to maximise value for shareholders’, according to an announcement. Amaero said no decisions had been made…
Wellnex’s fresh start year Health and wellness products manufacturer Wellnex Life continued its business transformation in the year to June 30 and increased revenue by 29.6 per cent to $1.4 million. Wellnex’s sale of the Corio Bay Dairy Group and acquisition of distributor Brand Solutions Australia gives Wellnex a portfolio of 15 brands distributed through…
Advanced Braking Technology continues strong growth Heavy duty brake vehicle manufacturer Advanced Braking Technology has reported record June operating sales of $1.16 million. ABT said sales of its fail-safe braking systems for heavy mining equipment were 17 per cent up in the fourth quarter compared to last year to $2.67 million. Reporting unaudited operating profit…
Anteotech to raise $16 million to fund Covid test Surface chemistry group Anteotech has received commitments from sophisticated investors to raise $12 million in new capital, and now plans a $4 million share purchase plan from existing shareholders. The company, best known for its nano-coating technology for battery lithium, will use the proceeds to scale…
