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- Advanced Braking Technology (ABV) has entered a technology licence agreement with VEEM (VEE) for the Hawkei Protected Mobility Vehicle – Light project
- Thales Australia, which is part of the Thales Group, will receive the vehicles
- In May 2019, ABV entered a 12-month contract with Thales Australia to provide its break design services for 1100 Hawkei vehicles
- The Hawkei vehicle is a lightweight vehicle designed and developed for the Australian Defence Force to replace its land rovers
- It is designed to protect soldiers from blasting and ballistic missiles
- Shares in ABV have jumped 60 per cent and are currently trading for four cents each
Advanced Braking Technology (ABV) has entered a Technology Licence Agreement with VEEM (VEE) for the Hawkei Protected Mobility Vehicle – Light project.
The Hawkei vehicle is for Thales Australia, which is part of the Thales Group and the world-leading aerospace, defence, security and transport security technology company.
The Hawkei vehicle is a lightweight protected vehicle designed and developed for the Australian Defence Force to replace its land rovers.
The vehicle weighs 7000 kilograms and is designed to protect soldiers from blasting and ballistic missiles.
In mid-May, 2019, ABV entered a 12-month contract with Thales Australia to provide its break design services for 1100 Hawkei vehicles as part of the LAND 121 project.
This initial contract consisted of two phases, with phase two to begin only once phase one — the successful design and testing of a prototype — has been completed.
Now that a prototype has been successfully created and tested, ABV can now move to phase two, which concerns the manufacture and supply of 1100 specialised brake pads for each Hawkei vehicle.
ABV and Thales have been working together to determine how to best undertake this phase.
It was determined that ABV would take part in a technology licence agreement that protects its intellectual property and provides the best risk and return outcome.
“ABT greatly values the opportunity to be working with both Thales and VEEM to assist in delivering the world-class Hawkei vehicle to the Commonwealth of Australia,” CEO John Annand said.
“The collaboration between ABT and Thales during the design and development phase has achieved an outstanding result and demonstrates that ABT has the engineering capability to meet the stringent defence standards required for a project of this nature,” he added.
Shares in ABV have jumped 60 per cent and are trading for four cents each at 12:26 pm AEST.
