REG - Aurrigo Int PLC - Partnership agreement with IAG

Aurrigo InternationalAnnouncement

03/10/2023 07:00

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RNS Number : 4279O  Aurrigo International PLC  03 October 2023

3 October 2023

 

Aurrigo International plc

 

Partnership agreement with International Airlines Group (IAG)

 

Project will deploy and demonstrate Aurrigo's autonomous technology within the
UK

 

Aurrigo International plc (AIM: AURR, the "Company" or "Aurrigo"), a leading
international provider of transport technology solutions, has signed a formal
partnership agreement ('the Partnership') with International Airlines Group,
S.A. ("IAG"), for the deployment and demonstration of Aurrigo's autonomous
aviation solutions within the UK.

The Partnership is expected to follow a similar phasing to Aurrigo's ongoing
agreement with Changi Airport Group in Singapore, with an evaluation and
simulation phase to commence in October 2023 and then run for four 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. It will involve the Auto-DollyTug
baggage vehicle, the Auto-Cargo air-freight vehicle and Aurrigo's Auto-Sim
aviation operations simulation software.

The first project and deployment of Aurrigo's vehicles under the trial
programme, which will be undertaken at a large UK airport, will be valued at
£0.25 million .  In addition, the companies will work together to explore
further opportunities to integrate Aurrigo's autonomous solutions.

David Keene, CEO of Aurrigo, said:

"This Partnership with one of the world's largest airline groups is a great
endorsement of the capabilities of our technology and the potential of
automation to improve efficiencies and solve the challenges facing modern
aviation.

 

Jorge Saco, Chief Information, Procurement, Services, and Innovation Officer
at IAG, added:

"IAG is dedicated to supporting innovation which can transform aviation
efficiencies and improve ground operations. Automation at airports is a key
focus for us and having assessed our options we are pleased to be working with
Aurrigo.

 

"We first trialled the prototype Auto-Dolly in 2019 and after revisiting it
post-Covid, we were impressed by how far their vehicle capabilities have
progressed. We look forward to this technology helping to build our leadership
position in aviation automation".

 

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, Alaina Wong, Jalini Kalaravy

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

 Rozi Morris, Tim McCall, 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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