Brief: Advanced Braking Technology And Glencore Enter Joint Product Development Agreement

Advanced Braking Technology

11/11/2022 01:31

Nov 11 (Reuters) - Advanced Braking Technology Ltd
 ABV.AX :
    * ABT AND GLENCORE ENTER JOINT PRODUCT DEVELOPMENT AGREEMENT
    * AGREEMENT TO DEVELOP A HEAVY VEHICLE SEALED INTEGRATED
BRAKING
SYSTEM FOR VOLVO FMX HAUL TRUCK
    * GLENCORE WILL CONSIDER PROGRESSIVE DEPLOYMENT OF SIBS
ACROSS ITS
FLEET OF VOLVO FMX TRUCKS GLOBALLY
    * POTENTIAL VALUE FOR DEVELOPMENT STAGE OF ABT GLENCORE
JOINT
PRODUCT DEVELOPMENT CONTRACT A$2.8M OVER 12 MONTHS
    * DEVELOPMENT COSTS ARE BEING SHARED BETWEEN GLENCORE
AUSTRALIA
AND CO

Source text for Eikon:  ID:nASXNzJMG 
Further company coverage:  ABV.AX 
 (Reporting by Archishma Iyer)