Minister for Defence Industry Melissa Price has announced Advanced Braking Technology (ABT), based in Wangara, as the recipient of a Defence Global Competitiveness Grant.
The company is the first to receive a Defence Global Competitiveness Grant since the Government increased its value from $150,000 to $240,000 and reduced an applicant’s co-contribution rate from 50 per cent to 20 per cent.
“Advanced Braking Technology is a global and trusted provider of braking technologies in the mining, civil construction, and most recently the defence sectors,” Minister Price said.
“Its Australian designed, developed, and manufactured system, Failsafe, is a market and technology leader.”
The company’s recent work with Thales on the Hawkei Protected Mobility Vehicle has provided an opportunity for it to diversify outside the mining and resource industries.
The $240,000 grant will be used by ABT to purchase a CNC machine to manufacture heavy vehicle brake mechanism components. This will provide ABT with an opportunity to compete globally following changes to international standards in brake mechanisms.
“ABT here in Perth is one of the great success stories of advanced manufacturing, delivering cutting edge capability to the ADF and delivering jobs for Australia,” Minister Price said.
“This grant will allow ABT to pursue international defence sector opportunities, particularly with NATO countries.”