REG - Aurrigo Int PLC - Agreement with IAG at Cincinnati Airport

Aurrigo InternationalAnnouncement

22/11/2023 07:15

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RNS Number : 2001U  Aurrigo International PLC  22 November 2023

22 November 2023

 

Aurrigo International plc

 

Project Agreement with IAG at Cincinnati/Northern Kentucky

 International Airport (CVG)

 

Aurrigo International plc (AIM: AURR, the "Company" or "Aurrigo"), a leading
international provider of transport technology solutions, has signed a Project
Agreement ('the Agreement') with International Airlines Group, S.A. ("IAG"),
for the deployment and demonstration of Aurrigo's autonomous aviation
solutions at the Cincinnati/Northern Kentucky International Airport (CVG).

 

The Partnership is expected to follow a similar phasing to Aurrigo's agreement
with IAG in the UK with an evaluation and simulation phase to commence in
November 2023 running for three months, followed by a demonstration phase and
an initial deployment.

 

It is the Board's expectation that this will then lead to the likely
deployment of a small fleet during H1 2025 at CVG. As with Aurrigo's UK
partnership with IAG, it will involve the Auto-DollyTug(®) baggage vehicle
and Aurrigo's Auto-Sim(®) aviation operations simulation software.

 

The deployment of Aurrigo's vehicles under the Agreement will be undertaken at
CVG and valued at $0.29 million.

 

David Keene, CEO of Aurrigo, said:

 

"This partnership is an important milestone for us as it will be our first
aviation operation in the US - a key target market. We're pleased to be
partnering with IAG beyond the UK and to be building a presence at a key
international airport."

 

Enquiries:

 Aurrigo International plc                                     +44 (0)2476 635818

 David Keene, Chief Executive Officer

 Ian Grubb, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Sole Broker)    +44 (0)20 7496 3000

 Phil Davies, Rick Thompson, Angus Campbell, Jalini Kalaravy

 Instinctif Partners (Financial Communications)                +44 (0)20 7457 2020

 Guy Scarborough, Isadora Pegler                               aurrigo@instinctif.com (mailto:aurrigo@instinctif.com)

 

About Aurrigo

Aurrigo is a leading international provider of transport technology solutions.
Headquartered in Coventry, UK, it designs, engineers, manufactures and
supplies autonomous vehicles and OEM products to the automotive and transport
industries, particularly focusing on aviation. It is highly regarded as a
specialist in autonomous and semi-autonomous technology solutions for the
aviation, ground handling and cargo industries. Aurrigo has developed six
types of autonomous vehicle to date, which can be utilised to reduce costs,
resolve operational issues and tackle labour shortages, whilst also improving
sustainability. Aurrigo has three divisions, Automotive Technology, Autonomous
Technology and Aviation Technology. For more information, see www.aurrigo.com
(http://www.aurrigo.com)

 

 

 

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