AB Dynamics plc
("ABD" or the "Group" )
Additional manufacturing capacity agreed
AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, is pleased to announce that on 10 June 2014, in order to meet demand, it entered into a 3 year lease for an additional 3,500 square feet of manufacturing space nearby to the Group's existing facility at Bradford on Avon. The additional capacity will be used to expand the Group's Track Testing Systems manufacturing and assembly.
In addition to the Group's recent expansion in workspace announced in November 2013, the new facility will provide an additional 45% of manufacturing space and should provide sufficient headroom in capacity to take the Group beyond the completion date of the Group's new purpose built facility due in 2016 subject to formal planning consents being forthcoming.
For further information please contact:
AB Dynamics plc |
01225 860 200 |
Tim Rogers, Managing Director |
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Tony Best, Chairman |
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Cairn Financial Advisers LLP (Nomad) |
0207 148 7900 |
Tony Rawlinson |
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Avi Robinson |
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Charles Stanley Securities Limited (Broker) |
0207 149 6000 |
Dugald J. Carlean |
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Karri Vuori |
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Newgate Threadneedle (PR) |
0207 653 9850 |
Josh Royston |
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Heather Armstrong |
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Caroline Evans-Jones |
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Overview of AB Dynamics plc
ABD is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. The Group was founded in 1982 and listed on AIM in May 2013. The Group is headquartered in Bradford on Avon employing approximately 50 staff. ABD currently supplies seventeen of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety and dynamics.
