REG - Aurrigo Int PLC - AGM Statement

Aurrigo InternationalAnnouncement

25/06/2024 07:00

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RNS Number : 6562T  Aurrigo International PLC  25 June 2024

25 June 2024

Aurrigo International plc

("Aurrigo", "the Group" or the "Company")

AGM Statement

 

Aurrigo International plc (AIM: AURR, the "Company" or "Aurrigo"), a leading
international provider of smart airside solutions and automotive products,
will be holding its Annual General Meeting today at its offices at Unit 33,
Bilton Industrial Estate, Humber Avenue, Coventry, CV3 1JL at 10:00am. At the
meeting, Andrew Cornish Non-Executive Chair, will make the following
statement:

 

"The Board is pleased to report continued positive trading momentum in the
first half of FY24, in line with management expectations.

 

Following significant aviation partnerships secured in the prior year, the
Group continues to make good progress with the phased deployments of its
automated smart aviation solutions in key airport hubs around the world. This
includes the delivery in H1 of an Auto-DollyTug(®) under the IAG contract to
a major UK airport for first trial operations and the commencement of
Auto-Sim(®) airport modelling as part of the initial phase of the airport
launch.

 

This follows the successful testing of the Company's Auto-DollyTug(®) at
Singapore Changi Airport Group (CAG) and subsequent contract win for further
testing of a 'fleet' of automated baggage handling vehicles at the airport as
announced in May. Testing continues to go well, and we look forward to being
able to provide further updates on this in due course. The Company expects to
complete further deliveries of Auto-DollyTug(®)s to customers under existing
contracts in the near term.

 

The Group's cash generative Automotive division continues to perform in line
with expectations, including the winning of new customers and additional
projects from existing customers.

 

The pipeline of opportunities and discussions continues to grow as the need
for automated, low emission airside solutions is pressing and momentum is
building both with existing partners and prospective customers as the
capabilities and demonstrable cost, efficiency and environmental benefits our
solutions bring becomes increasingly evident."

 

Contacts:

 Aurrigo International plc                              +44 (0)2476 635818

 David Keene, Chief Executive Officer

 Ian Grubb, Chief Financial Officer
 Canaccord Genuity (Nominated Adviser and Sole Broker)  +44 (0)20 7523 8000

 Adam James

 Harry Pardoe

 Alma Strategic Communications                          +44(0)20 3405 0205

 Hilary Buchanan

 Caroline Forde

 Will Ellis Hancock

 Cucumber PR                                            +44 (0)78 1260 0271

 Russ Cockburn

 

Notes to Editors:

Aurrigo International plc is an international designer and developer of fully
integrated smart airside solutions for the aviation industry, including
automated vehicles, systems and software.

 

The Group's proprietary, award-winning autonomous technology and secure
management system is supporting some of the world's leading airports.
Customers choose to partner with Aurrigo to transform their baggage and cargo
handling operations, improving safety, operational efficiencies and meeting
sustainability targets, while navigating growing passenger volumes, rising
costs and increasing labour shortages.

 

Headquartered in Coventry, UK with offices in Singapore and Ottawa, the Group
has a 30+ year heritage designing and supplying automotive vehicle
manufacturers with highly advanced, innovative product and system solutions.
For more information, please visit the Group's website at www.aurrigo.com
(http://www.aurrigo.com/) .

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