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News: ABV Advanced Braking Technology And Glencore Enter Joint Product Development Agreement

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    11/11/22
    12:35
    Post #: 64717798

    Nov 11 (Reuters) - Advanced Braking Technology Ltd (ABV) :

    • 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
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