Advanced Braking Technology Ltd has signed an exclusive global distribution agreement

Advanced Braking Technology Ltd (ASX: ABV) announced a significant global distribution agreement with RaptorTech Pty Ltd. This partnership will focus on distributing, marketing, and selling BrakeiQ, an innovative auto braking system that integrates with Collision Avoidance Systems.

Under the agreement, ABT has exclusive global distribution rights for the product, with an initial term of three years and the possibility of negotiating a further three-year extension. The company expects this partnership to not only drive increased revenue but also expand its market share into previously untapped areas such as above-ground mining and unserviced geographical regions. With ABT's strategic focus on innovation in Collision Avoidance Systems, this collaboration with RaptorTech presents a significant growth opportunity as a leading safety OEM brand in the mining market. The company is excited to partner with RaptorTech to bring cutting-edge safety solutions to clients in Australia and worldwide.

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