ABV 0.00% 5.6¢ advanced braking technology ltd

Ann: Operational Update, page-6

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    “Under the Hawkei provision, for example, wehave a provision inside the Defence Capability Plan, as it was then—it wouldnow be the Integrated Investment Program—that reflects what we have to achieveour acquisition under. We do the best we can in partnership with ouracquisition agency as they go into a contract negotiation with the supplier toget the price down to the extent that is possible. We make cost/capabilitytrade-offs through that process... We made sensible trade-offs about the numberof those that we would need and we came up with a number for the vehicles thatwas short of our optimum but was better than we had at the start of theprocess. The simple reality is that it is a process that we have to responsiblytake within the provision that we have been allocated by government.” Major General Fergus McLachlan.

    Axletech is the suspension manufacturer (General Dynamics), alsoproduce a range of braking systems. Meritor were responsible for the Bushmastersuspension, unsure who provided braking system.

    If they are successful with the bid, 3-4 times our currentMC. If not, “with our recent access to the defence andwaste management industries, the Company will be well placed to introduce TerraDura to a broad range of industries in addition to mining.” John Annand.

 
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