Advanced Braking Technology (ABT) is making significant strides in the global mining sector, with CEO Andrew Booth highlighting the company’s impressive growth and strategic direction in a recent episode of ASX Briefs. ABT has reported a 25% increase in net profit, driven by strong product sales and a growing international presence.
“Our F25 strategy is to grow ABT’s international reach, and we’re realising this as key offshore markets continue to deliver strong performance,” Booth said. “We are achieving these results by leveraging our strong blue chip customer relationships and brand reputation in our home market of Australia.”
International markets now account for 56% of ABT’s revenue, an increase from 42% last year. This growth has been fueled by strategic engagement with major mining operators in North America, Southeast Asia, and North Asia, with Booth noting particularly strong gains in Indonesia and Mongolia.
Booth said, “ABT achieved significant revenue milestones across Asia, including Indonesia which was up 281% and Mongolia which was up 254% with key underground gold and copper operations nominating ABT BrakeSAFE brand as the preferred fail-safe provider for underground vehicle fleets.”
Rising Demand for Safety Technology in Mining
With the mining industry facing increasing regulatory and safety requirements, demand for ABT’s fail-safe braking technology continues to rise.
“We see a really strong correlation between increasing regulatory and safety landscape and demand for ABT fail-safe brake technology,” Booth explained.
As mines seek to improve safety and automation, ABT’s expertise in fail-safe braking solutions is proving essential. The company’s products help mining operators meet stringent safety standards while enhancing operational efficiency.
Next-generation Automatic Brake System: BrakeiQ
A key innovation driving ABT’s success is BrakeIQ, an advanced automatic braking system that integrates seamlessly with existing Collision Avoidance Systems. “BrakeiQ is a unique cutting-edge automatic braking system that addresses a critical need in the market by providing a plug-and-play solution for heavy vehicle fleet,” Booth said.
The product has already gained traction with a tier-one mine operator in Australia and is generating significant interest across the mining sector.
Future Growth and Technology Roadmap
Looking ahead, Booth emphasized ABT’s strong financial position, including a 21% increase in cash reserves to $2.4 million, and a continued focus on R&D to drive future innovation.
“Technology advancements, particularly in robotics and automation, are expected to have a profound impact on the mining industry,” he said. “We’re capitalizing on further diversifying our revenue streams and leveraging R&D technology to expand, as well as complement our existing portfolio of safety products.”
For investors, Booth reaffirmed ABT’s strong foundations, scalability, and technology roadmap as key drivers of future growth.
“ABT is a solution for mining today, as well as mines for the future.” – Andrew Booth, CEO, ABT