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Brake technology breakthrough

ASX-listed microcap Advanced Braking Technology has confirmed orders for its patented SIBS 4 vehicle polymer brake from BHP Billiton and Anglo Platinum, as well as a potentially big deal on a new product with the giant Grasberg mine in Indonesia.

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ABV steel-encased brake product

ABV steel-encased brake product

The company (ASX: ABV), capitalised this week at A$18 million (US$13.5 million), has clinched orders worth about A$500,000 from Anglo Platinum’s Madikwe platinum mine in South Africa, and BHPB’s Olympic...

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