Regulatory Story | |||||
Go to market news section |
![]() ![]() |
||||
|
AB Dynamics plc
("ABD" or the "Company")
Contract win
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 first order for an advanced vehicle driving simulator (aVDS).
The aVDS order, placed by a Chinese test house is valued at more than £2.0m with delivery expected in early 2019. Most of the value of the contract is expected to be recognised in the Company's next financial year commencing 1 September 2018.
Tony Best, Chairman of AB Dynamics commented:
"Following more than 2 years of development work in conjunction with Williams Advanced Engineering we are very pleased to have achieved our first sale of the aVDS. This new line of product will underpin and strengthen our position supplying test equipment to the global automotive industry."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and has been arranged for release by Robert Hart, Chief Financial Officer of the Company.
For further information please contact:
AB Dynamics plc Tony Best, Chairman Rob Hart, Chief Financial Officer
|
01225 860 200 |
Cairn Financial Advisers LLP (Nomad) Tony Rawlinson Liam Murray Richard Nash
|
0207 213 0880 |
Cantor Fitzgerald Europe (Broker) David Foreman Phil Davies
|
0207 894 7000 |
IFC Advisory (PR) Tim Metcalfe Heather Armstrong Graham Herring |
0203 053 8671 |
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 140 staff. ABD currently supplies twenty 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.
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply. |
© | London Stock Exchange plc. All rights reserved