Advanced Braking Commits to CommercialProduction of Improved...

Advanced Braking Commits to Commercial

Production of Improved Garbage Truck Brake

 SIBS® garbage truck brakes to go into commercial production this financial year

 Demonstrated extended service intervals for waste operators

 Proven reduction in environmental impact of garbage trucks on local communities

 Compatibility with ABS ‘anti-skid’ systems

Advanced Braking Technology Ltd (ASX:ABV) (‘ABT’ or ‘Company’), today announced that, following a

detailed technical and commercial review by the Board of Directors, approval has been given to undertake

final preparations to commence commercial production this financial year of the patented SIBS® garbage

truck brake.

Over a 4 year development period costing in excess of $4 million, extensive testing has demonstrated the

SIBS® garbage truck brake met, and regularly exceeded, the expectations set down at the project inception,

indicating it is a compelling new braking system for waste operators. Testing has confirmed the SIBS®

garbage truck brake offers:

 A significant extension in servicing intervals, giving operators two years or more between major

servicing;

 A total elimination of fine particulate emissions;

 A reduction in tyre wear;

 The total elimination of brake squeal common on waste collection vehicles;

 Improved brake feel;

 Compliance with applicable international standards for truck braking;

 Consistent performance between service intervals, and

 No requirement for periodic adjustment to maintain performance and full functionality.

Reduced servicing costs

Recent testing of a number of vehicles in both heavy-duty test track operation and municipal waste

collection by a local authority has demonstrated low levels of brake wear. More than 2,400 accumulated

hours of testing confirm an expected service interval of beyond two years. In contrast, waste operators

report that standard brake wear components need replacing on average two and a half times per year.

Compatibility with ABS

A major achievement in recent weeks, leading up to the Board’s decision, was completion of testing

confirming that the new braking system can be integrated with a standard ABS ‘anti-skid’ brake control

system.

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Importantly, this allows the Company to offer the SIBS® garbage truck brake both on new truck sales that are

fitted with ABS, as well as retrofit on vehicles both with or without ABS. An added attraction will be that in

upgrading an existing vehicle with SIBS® garbage truck brakes, customers can also elect to upgrade to ABS at

the same time.

Simplified Cooling System

An improved and simplified brake cooling system has been tested over recent weeks, confirming that target

cooling rates are being achieved, while offering cost reductions due to its simplicity. This has further

enhanced the business case to proceed to commercialisation of the SIBS® garbage truck brake.

Production and Marketing

Commitments can now be made to commence commercial production, including finalisation of supply

agreements with key parts vendors, construction of production dies and tooling, and the manufacture of preproduction

samples to ensure they comply with dimensional and material specifications.

As production samples are being produced and assessed over the next 6 months, a range of other testing

including the evaluation of trucks operating with the SIBS® garbage truck braking system, will continue,

adding to the bank of knowledge to arrive at the final optimum specification for sale to customers.

In parallel with final steps to have brakes available for sale mid-way through the current financial year, the

Company will also begin to increase its marketing efforts to identify customers that will be in a position to

place orders for braking systems. Initially, the Company expects to sell brake sets to retrofit existing trucks.

ABT will also be working with truck manufacturers, so the SIBS® garbage truck brake can be specified as part

of the original equipment in a new truck purchase.

ABT CEO Ken Johnsen stated, “This important decision by the Board to proceed to commercialisation of the

SIBS® garbage truck brake will broaden the Company’s product offering to the attractive, and importantly,

recession tolerant, global waste disposal market. Sales of the SIBS® garbage truck brake will augment the

Company’s sales into the mining market this financial year, and have the potential to eventually become the

major revenue stream for the Company.”