AUSTRALIAN STOCK EXCHANGE LIMITED Electronic Lodgment … · 2016. 11. 24. · Advanced Braking...
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Advanced Braking Technology Ltd (ACN 099 107 623, ABN 66 099 107 623) Email: [email protected]
25 November 2016 AUSTRALIAN STOCK EXCHANGE LIMITED Electronic Lodgment PRESENTATIONS TO BE DELIVERED AT THE 2016 AGM Appended are copies of the Chairman’s address and the Chief Executive Officer’s presentations to be delivered to Shareholders at the Company’s 2016 Annual General Meeting to be held at 11:00am AEDT this morning.
Yours faithfully,
Neville Walker Company Secretary
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Advanced Braking Technology Ltd (ACN 099 107 623, ABN 66 099 107 623) Email: [email protected]
COMPANY
ASX CODE: ABV
25 November 2016
ASX/MEDIA RELEASE
Chairman’s Address to the 2016 Annual General Meeting
Advanced Braking Technology Ltd
Dear Shareholder,
ABT continued to make steady progress towards sustainable profitability this year, despite one of
the most challenging sets of market conditions that the mining industry has faced for the last 20
years
The company has diligently worked on developing innovative new technologies, which has
culminated with the launch of the Terra Dura range of Sealed Brakes. ABT sees this range as
forming the cornerstone of its commercial strategy in the coming year. The board certainly
welcomes the support ABT has received from the market for it, which culminated in the
successful raising of $2.7m via a placement in August this year.
Once again, I would also like to express my gratitude to existing shareholders for their support.
The road toward the successful commercialisation of this new product has been longer that we
would have liked, but we share in management’s optimism that we now have a product that can
gain wide market acceptance.
Finally, I would like to thank Graeme Sumner and the management team for their resilience in a
difficult environment. The board, like shareholders will be following the company’s market
development activities closely.
- ENDS -
For Further information, please contact:
Mr Graeme Sumner
Chief Executive Officer
Advanced Braking Technology Ltd
Telephone: +61 (0)8 9273 4800
www.advancedbraking.com
About Advanced Braking Technology Ltd
Advanced Braking Technology Ltd (ASX: ABV) develops innovative braking systems, with its
main product being the Sealed Integrated Braking System (SIBS®), a comprehensively patented
Australian invention, now used widely in light commercial vehicles in the mining industry.
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Advanced Braking Technology Ltd (ACN 099 107 623, ABN 66 099 107 623) Email: [email protected]
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Advanced Braking Technology Ltd (ACN 099 107 623, ABN 66 099 107 623) Email: [email protected]
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Advanced Braking Technology Ltd (ACN 099 107 623, ABN 66 099 107 623) Email: [email protected]
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