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A Bradford on Avon firm has secured its first contracts since launching on the stock market.
Anthony Best Dynamics, which designs and manufactures advanced testing systems for the motor industry, has confirmed an order with the Motor Industry Research Association (MIRA) for a new four-wheel suspension parameter measurement machine.
The contract value depends on the options purchased but is expected to be more than £1.5 million. It is one of three SPMM orders the company has recently received.
Another contract is for its latest guided soft crash target vehicle with a German automotive safety group. The total order value is about £400,000.
Managing director Tim Rogers said: “Current trading for 2013 continues to be in line with the company’s expectations and these two contracts add excellent visibility to next year’s revenues.
“We are delighted that MIRA has endorsed our expertise by selecting us to supply a further SPMM for its suspension testing, demonstrating a leading position we have in this vital part of the automotive R&D market. We are also very pleased to have secured the first order for a guided soft crash target vehicle.”
Anthony Best Dynamics launched on the AIM – the London Stock Exchange’s market for smaller growing companies – earlier this year to an attempt to raise £2.5 million to help.