ABT to offer automatic collision avoidance braking

Fail-safe commercial vehicle brake manufacturer Advanced Braking Technology has announced a global distribution agreement with RaptorTech Pty Ltd to distribute, market and sell its auto braking system designed to integrate with Collision Avoidance Systems (CAS).

ABT, which supplies the mining and defence sectors with sealed braking systems, will market and sell the product for an initial three year period under its own branding – BrakeiQ.

BrakeiQ is a cutting-edge, fail-safe braking solution that automatically slows mining vehicles and brings them to a safe, controlled stop upon detecting a potential collision

The technology compatible with more than 30 Caterpillar and Komatsu models, with rapid customisation available for other original equipment manufacturers (OEMs).

ABT anticipates the partnership will provide entry into untapped markets such as open cut mining, potentially expanding its geographical footprint.

The agreement includes an initial purchase of inventory from RaptorTech, with approximately $1.1 million in revenue from the first order.

ABT will use available cash on hand to pay the initial purchase.

ABT CEO Andrew Booth said: “ABT’s strategic innovation focus in the Collision Avoidance Systems (CAS) space offers a significant growth opportunity via increasing applications as a leading safety OEM brand in the mining market.

“We are thrilled to partner with RaptorTech to bring our safety solutions to clients in Australia and globally.

“RatporTech has a proven track record of providing top tier safety technology and we’re confident that our partnership will provide ABT’s highly valued blue-chip customers with the best possible solutions and add further momentum towards ABT’s revenue expansion.”

Picture: Advanced Braking Technology