LONDON (Alliance News) - AB Dynamics PLC Monday said it has received an order, worth more than GBP1.6 million, for a high specification Suspension Parameter Measurement Machine.
The manufacturer and supplier of testing systems and measurement products to the automotive industry said the order is from China Automobile Engineering Research Institute, a new client.
AB Dynamics expects to deliver the order in June 2015, and most of the value of the contract is expected to be recognised in the accounts for the year starting September 1, 2014.
"This will be the sixth SPMM that the company has delivered to China. The contract provides AB Dynamics with further future revenue visibility and highlights the motor industry's continued demand for its SPMMs," it said in a said in a statement.
AB Dynamics shares were up 3.7% at 170 pence Monday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
Copyright © 2014 Alliance News Limited. All Rights Reserved.
AB Dynamics (ABDP)