ASX RELEASE 3 April 2017 ABT completes record first quarter with $2.6m in new orders
  • New customer order from Bouygues Lendlease Joint Venture for Terra Dura® Polymer Brakes
  • Patented new features deliver superior braking performance and durability
  • Extending reach into construction and fleet sectors

Advanced Braking Technology (ASX: ABV) ('ABT' or 'the Company') is pleased to announce it achieved a record first quarter ended March 2017 with $2.6m in new orders

"This is a substantial lift in new business for the company," ABT Managing Director, Graeme Sumner said. Orders received are up 87% on the same time period last year as a consequence of improved market conditions and the company's changed strategies in product development and international market development. "Significantly, we also received 53% of Quarter One 2017 orders from international customers, which is an exciting result for us," said Mr Sumner.

In a further win for the Australian-based brake manufacturer, March 2017 also saw an order for 5 of an anticipated 28 sets of Terra Dura® Polymer Brakes from the Bouygues Lendlease Joint Venture, as part of a major construction project in Sydney. The win highlights the broader market potential of the product beyond the mining sector and illustrates the customer's commitment to cost effective safety and reliability.

"The Terra Dura® brake is ideal for those parts of the construction industry that work in rugged conditions. The combination of cost effectiveness and improved safety is proving to be of great interest to this potential group of customers," said Graeme Sumner.

Outlook

"On the strength of demand experienced so far in 2017, we are confident that ABT will experience a stronger second half," said Mr Sumner. "We are looking forward to continuing to focus our efforts on the project pipeline and further strengthen our position in Financial Year 2018."

ENDS

For further information, please contact:

Mr Graeme Sumner Chief Executive Officer

Advanced Braking Technology Ltd Telephone: +61 (0) 447 275 998 www.advancedbraking.com

Marjorie Johnston

Advanced Braking Technology Ltd

PR Consultant Marjorie@wordmakers.com.au Telephone: +61 (0) 407 329 430

About Advanced Braking Technology Ltd

Advanced Braking Technology Ltd (ASX: ABV) develops innovative braking solutions, with its main products being the Sealed Integrated Braking System (SIBS®), now used widely in light commercial vehicles, primarily in the mining industry and the new Terra Dura® polymer and steel brakes which are addressing the needs of vehicles and trailers operating in harsh conditions.

All Advanced Braking Technology braking solutions are comprehensively patented Australian inventions.

Advanced Braking Technology Ltd. published this content on 03 April 2017 and is solely responsible for the information contained herein.
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