02/04/2008 - 11:11

Advance Braking secures $4m contract

02/04/2008 - 11:11

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Vehicle brake manufacturer Advanced Braking Technology Ltd is set to expand its product portfolio to include trucking applications after securing a new development contract to design and manufacture brakes for refuse collection vehicles.

Advance Braking secures $4m contract

Vehicle brake manufacturer Advanced Braking Technology Ltd is set to expand its product portfolio to include trucking applications after securing a new development contract to design and manufacture brakes for refuse collection vehicles.

Advanced Braking announced today that it had signed a $4 million development contract with Melbourne-based Brake Developments Pty Ltd, an investor consortium established specifically for the purpose of funding a project to develop a the new brake system.

The contract potentially opens up a significant new market opportunity for Advanced Braking's patented technology, which over the past two years has enjoyed its strongest take-up in the resource and mining sector in Australia, Canada and South Africa.

Advanced Braking's 'Sealed Integrated Braking System' (SIBS) technology utilises wet friction resulting in brakes that are virtually wear and maintenance free as well as providing a "fail safe" braking system.

Under the contract, $2 million has been allocated to the first phase of the project, involving a two year development program to adapt the SIBS technology, already proven on light commercial vehicles, for use on refuse collection vehicles.

The aim of this first phase is to develop a prototype brake system for testing under an intensive acceptance program.

On successful completion of the first phase, a further $2 million will be provided to fund a fleet trial in order to refine and test the product under 'real world' conditions.

At the end of this second phase, the result will be a product which can be mass produced and marketed to refuse collection operators on a world wide basis.

Advanced Braking's Managing Director, Mr Ken Johnsen, said the contract represents a significant opportunity for the Company.

"This contract provides the opportunity to extend the SIBS technology into the heavy truck market," he said.

"The development of refuse truck brakes will provide the stepping stone to other heavy vehicle markets, and has the potential to introduce an entire new customer base to the Company."

"The frequent stopping of refuse collection vehicles, particularly in domestic collection services, requires a very high level of brake maintenance," Mr Johnsen said.

"The configuration of SIBS technology has been proven to dramatically reduce wear on brake parts, which increases the service life of the brakes and reduces vehicle downtime and maintenance costs."

Mr Johnsen said the project was also seeking to eliminate harmful particle emissions.

"The benefit of SIBS in a frequently stopping vehicle is that the brake is fully enclosed and does not emit any particle emissions."

Vehicle brakes, particularly in built up and high traffic areas, contribute greatly to airborne particle levels - an area of increasing concern amongst health professionals worldwide.

As SIBS is a fully enclosed wet brake it emits no airborne particle emissions.

"In addition SIBS has a fail-safe mechanism that is an integral part of the brake design and provides greater levels of safety in the event of brake system failure or operator error," he said.

Advanced Braking will undertake the development on a fee for service basis and Brake Developments Pty Ltd will receive a licence to the SIBS technology for refuse collection trucks.

Advanced Braking will have a licence to the new product and will pay a royalty to Brake Developments for products sold to end users.

 

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