Tag Archives: ABT

ABT to develop ‘failsafe brake’ for Glencore Australia’s Volvo FMX haul trucks

Advanced Braking Technology says it has entered into an agreement with Glencore Australia to develop a heavy vehicle Sealed Integrated Braking System (SIBS) for the Volvo FMX haul truck.

The design solution will include intellectual property developed by ABT and related to the proven and trusted “failsafe brake” for light commercial vehicles, which has been used extensively within both the Australian and international mining sectors over many years, ABT says.

ABT has agreed to undertake product development works exclusively with Glencore to adapt the SIBS for use on the Volvo FMX mining specification haul truck by developing, manufacturing, producing and installing prototype units for validation and testing in Glencore mining operations.

At the completion of the development, validation and testing, and, subject to mutually agreeable commercial terms, it is intended to progress to low-rate production stage for use in Glencore mining operations.

As Glencore is contributing to the development of the product, it is granted an exclusivity period and certain rights to priority of supply, with the intention of progressing to a commercial roll out phase, which, in turn, has the capacity to generate meaningful revenue for ABT.

Further, ABT may commence negotiations with other customers for supply of the product following the end of the exclusivity period with Glencore.

ABT CEO, Andrew Booth, said: “The signing of this agreement achieves a strategic objective of diversifying our SIBS vehicle type applications in which we provide innovative braking solutions to Glencore and other international heavy vehicle fleet operators.”

The potential value for the development stage of the ABT Glencore joint product development contract is up to A$2.8 million ($1.9 million) over a term of 12 months and contingent upon the successful completion by ABT of project and development milestones, the company said.

Booth added: “We are very proud at ABT to be working with Glencore to deliver a world-class heavy vehicle brake solution designed for heavy ruggedised industrial applications. The signing of this contract marks a key milestone in the company’s development and future strategy.”

ABT’s Failsafe brakes gain foothold in Chile mining market

Advanced Braking Technology has received an order from Minecorp-Chile that will see its Failsafe brakes used by Orica at two underground copper mines, in northern Chile.

The order, made by Minecorp-Chile on behalf of General Motors vehicle dealership, SALFA Chile, achieves one of the company’s strategic objectives of further diversifying its customer base for innovative braking solutions, ABT said.

The initial order will see Failsafe brakes installed on the Isuzu NPS4X4 truck: an existing ABT product application that will require no further engineering, it said.

The end user of these Isuzu NPS Canter trucks will be Orica Chile SA who will use the trucks in the two Codelco-owned underground mine operations.

The Isuzu NPS4X4 was first introduced to the Chile market by General Motors in April 2019, with these ABT Failsafe brakes fitted to some of the first trucks delivered into the country, ABT said.

ABT CEO, John Annand, said: “This order is further demonstration that our Failsafe range of braking products are valued around the world and have a place in vehicles in a range of applications where safety, maintenance and cost efficiencies are paramount. Our team is committed to exploiting these opportunities on a global scale.”

The value of this first order is for around A$150,000 ($101,559) and includes Failsafe kits to be held in stock. This initial order will be further supplemented by the ongoing supply of spares and consumables, the company said.

ABT added: “This is an initial order from Minecorp-Chile, as it is expected that General Motors dealers will have further demand for Failsafe as the Isuzu NPS 4×4 Canter is marketed as a new truck application within Chile.

“In addition, Minecorp-Chile is in early stage discussions with other potential customers for a ABT Failsafe solution across other truck and light duty vehicle applications.”

Annand said: “Chile and the broader Latin America represents a significant growth opportunity for ABT as we look to supply innovative braking solutions, not only to mining contractors like Orica but other global mining companies where the safety of their people and equipment are paramount.”

Minecorp-Chile Director, Sebastián Dibarrart, said: “This initial order is the first of what is expected to be an ongoing supply requirement for ABT products into the Chilean mining vehicle market. Whilst this order is for the Failsafe product, further opportunities will be pursued for the entire suite of ABT products, including Terra Dura. Minecorp-Chile looks forward to working with ABT to exploit these opportunities in what we know is a growing, but under serviced Chilean market.”

Dibarrart added: “Codelco Chile, the largest copper produce rin the world with the largest underground copper operation, the El Teniente mine, together with the transformation of its Chuquicamata mine into an underground operation including hundreds of kilometers of tunnel development, will undoubtedly be an ideal end user of ABT Failsafe brakes.”

ABT also recently received an order for Failsafe brakes that will be used at the Rio Tinto-operated Oyu Tolgoi mine in Mongolia.