Austin Engineering Limited announced it has received orders for, or been or been notified of award of, in excess of 210 truck tray orders in the December 2022 to January 2023 period, improving the Company's order book and revenue outlook for second half of 2023. The orders over the period represent approximately 40% (approximately 500 expected in fiscal year 2023) of orders received in a normal full year. The orders have come from multiple customers across the globe and will be manufactured and delivered from Austin's four operating sites located in the Asia Pacific (Australia and Indonesia), North America (Wyoming) and South America (Chile).

Approximately 120 of the truck tray orders are for the recently launched, ultra-lightweight High Performance Tray (HPT). The HPT can deliver significant additional ore per annum due to its lighter weight and increased volume efficiency. In an early application the truck body design could deliver an additional 45,000 tonnes of ore per tray annually compared to previous comparable truck trays developed by Austin.

The company expects the market interest in the HPT to continue due to its attractive design and operational benefits. The company has received several proposals to tailor the design for different geographies, suggesting it will become a mainstay in the company's global product portfolio, complementing the company's existing four truck tray types.