FinTechFunding

Advance Braking Technology: Receives $534k tax offset

  • The research and development is related to the company’s innovative braking solutions
  • Due to the company’s improved financial performance and position, there was no need to enter into a R&D prepayment loan
  • This means the entire tax offset will be immediately available as working capital
  • The company signed a Technology Licence Agreement with VEEM (VEE) for the Hawkei Protected Mobility Vehicle – Light project
  • The Hawkei vehicle is for a defence contractor, Thales Australia, which is part of the Thales Group
  • Advanced Braking is down 2.94 per cent and is trading at 3.3 cents just before market close on Friday, September 18
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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