10 August 2017
AB Dynamics plc
("ABD" or the "Company")
Significant Contract for Driving Robots
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 it has received its largest ever order for driving robots. The order has been received from the China Automotive Technology and Research Center (CATARC), a leading Chinese research organisation based in Tianjin. AB Dynamics is a longstanding supplier to CATARC, which has previously bought a number of driving robots, a Guided Soft Target and a Suspension Parameter Measurement Machine from the UK-based automotive testing specialist.
The new order allows CATARC to expand its track-based testing capabilities to include the latest China-NCAP test protocols and to perform a wide range of other international standard tests as required by its clients. CATARC is the leading organisation in China for the testing of Intelligent and Connected Vehicles and has already invested nearly 100 million yuan in its track-based testing and simulation capabilities.
Tim Rogers, CEO of AB Dynamics, commented: "We were delighted to receive this strategically-important order from one of our key Chinese customers. CATARC is a benchmark in the Chinese car industry and we appreciate the confidence that it has placed in AB Dynamics and its products. With the new suite of driving robots and the Guided Soft Target which will be delivered later in 2017, CATARC has positioned itself as a major player in global vehicle safety testing business.
"AB Dynamics has focused on offering a comprehensive suite of test equipment covering lab-based and test track which works together in synergy. Customers appreciate the fact that our products have been designed from the outset to work together seamlessly."
For further information please contact:
AB Dynamics plc |
01225 860 200 |
Tim Rogers, Chief Executive Officer Tony Best, Non-executive Chairman |
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Cairn Financial Advisers LLP (Nomad) |
0207 213 0880 |
Tony Rawlinson Liam Murray |
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Cantor Fitzgerald Europe (Broker) |
020 7894 7000 |
David Foreman Phil Davies |
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IFC Advisory (PR) |
0203 053 8671 |
Tim Metcalfe Heather Armstrong Graham Herring |
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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 is headquartered in Bradford on Avon employing approximately 90 staff. ABD currently supplies all 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.
