AB Dynamics Share News (ABDP)

AB Dynamics, an AIM-listed designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, has received an order from a new overseas customer for a high specification Suspension Parameter Measurement Machine (SPMM).The order, which was placed by China Automobile Engineering Research Institute (CAERI), is valued at more than £1.6m and is expected to be delivered in June 2015. The majority of the contract value is expected to be recognised in the year beginning September 1st 2014. It will be the sixth SPMM that the company has delivered to China. Tim Rogers, Managing Director of AB Dynamics said: "The new SPMM provides excellent extended visibility to the group's future revenues. We are very pleased to have achieved a further sale in China, underlying the strength of our position in the global automotive industry."NR