REG - Aurrigo Int PLC - £6.28m Contract Win

Aurrigo InternationalAnnouncement

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RNS Number : 7631V  Aurrigo International PLC  09 March 2026

9 March 2026

Aurrigo International plc
("Aurrigo" or the "company")

£6.28m Contract Win

Largest contract to date to design and manufacture 25 autonomous guided
vehicles

Aurrigo International plc (AIM: AURR), a leading international provider of
autonomy software, fully autonomous vehicles and mobile robotics platforms, is
pleased to announce that it has signed a £6.28m contract with Ultra Global
Limited ("Ultra Global"), the developer of personal rapid transit systems, to
design and manufacture an initial quantity of 25 autonomous guided vehicles
("AGVs") for use in airport and passenger transit settings in the UK.

The programme represents Aurrigo's largest autonomous vehicle order to date
and upon completion of various milestones is scheduled to deliver
approximately £1.53m revenue in FY26 and £4.75m in FY27. The majority of
engineering development is expected to be completed by Q4 FY26, with vehicle
production occurring in FY27.

Under the agreement, the Company will take Ultra Global's existing IP and will
leverage Aurrigo's proven sector expertise to improve performance, safety and
technology standards. The scope includes a comprehensive modernisation of the
platform, upgrading power systems, electronics, software, sensing and
mechanical components. The result will be a fleet of 25 bespoke autonomous
vehicles, which will be used to transport small groups of people around
airport and passenger transit settings.

The programme draws on Aurrigo's deep technical capability across vehicle
architecture, systems engineering and advanced technology deployment, ensuring
the enhanced platform is robust, future-ready and commercially scalable. The
contract represents continued commercial progress following the Company's
£14.1m capital raise in August 2025 and supports the scaling of its
autonomous vehicle design and manufacturing capability.

David Keene, Chief Executive Officer of Aurrigo, added:

"This agreement demonstrates progress against the growth strategy outlined
following our recent capital raise and subsequent Hub strategy launch, focused
on strategic partnerships, revenue-generating programmes and scaling
manufacturing capability.

This approach has delivered this landmark contract with Ultra Global. It is
the largest vehicle order in our history, and will complement our existing
Auto-® range of autonomous vehicles. Our focus now is on delivering a
modernised platform for Ultra Global that reflects the highest standards of
performance and innovation.

The programme will also support engineering and manufacturing activity in the
West Midlands, a region with a strong heritage in vehicle production, and
we're proud to be building on that history and putting the expertise of our
teams to work on the next generation of autonomous vehicles."

Jonathan Keeling, Director of Ultra Global, commented:

"In evaluating partners globally, Aurrigo distinguished itself through its
ability to deliver the complete vehicle solution, from core platform
development through to advanced technology implementation. We are proud to
have found that expertise here in the UK, with manufacturing capability based
in the West Midlands. This contract marks a significant step in advancing the
Ultra Global platform to its next generation.

The first batch of vehicles will be utilised for customer demonstrations,
supporting commercial engagement activity in the UK and international markets
as the companies explore new deployment opportunities. We're looking forward
to demonstrating how this technology can address real passenger transport
needs across the UK.

This is the beginning of something significant. We anticipate further business
and additional orders as we expand globally and unlock new opportunities for
deployment."

Related Party Transaction

Ultra Global is wholly owned and controlled by Next Gen Mobility Limited, a
substantial shareholder in the Company. Consequently, the entry by Aurrigo
into the contract with Ultra Global is being treated as a related party
transaction under the AIM Rules for Companies. The Directors of Aurrigo, each
of which is independent from Ultra Global and Next Gen Mobility Limited,
having consulted with the Company's Nominated Adviser, Canaccord Genuity,
consider that the terms of the contract are fair and reasonable insofar as
Shareholders are concerned.

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018.

 

Investor Hub

For more information and the chance to have your questions directly answered
by the management team, please head to our interactive investor hub
via: https://investors.aurrigo.com/link/yVQm5P
(https://investors.aurrigo.com/link/yVQm5P)

For further enquiries:

 Aurrigo International plc                               +44 (0)2476 635818

 David Keene, Chief Executive Officer

 Ian Grubb, Chief Financial Officer

 Canaccord Genuity (Nominated Adviser and Joint Broker)  +44 (0)20 7523 8000

 Adam James

 Harry Pardoe

 George Grainger

 VSA Capital Limited (Joint Broker)                      +44 (0)20 3005 5000

 Andrew Monk

 Andrew Raca

 Brian Wong

 Alma Strategic Communications                           +44(0)20 3405 0205

 Hilary Buchanan

 Caroline Forde

 Louisa El-Ahwal

 Cucumber PR                                             +44 (0)78 1260 0271

 Russ Cockburn

 

Notes to Editors:

About Aurrigo

Aurrigo International plc is a UK based developer and producer of autonomy
software, fully autonomous vehicles and mobile robotics platforms. Aurrigo's
first application is autonomous airport Ground Support Equipment (GSE)
designed to move cargo, baggage and people between terminals, baggage halls
and airside next to aircraft. Thus, transforming operations that are manually
intensive improving safety, operational efficiencies and meeting
sustainability targets, while navigating growing passenger volumes, rising
costs and increasing labour shortages.

Aurrigo's autonomy software and controls, designed to operate in safety-
and security-critical harsh environments, have an opportunity to transform
airside logistics and bring autonomy to wider markets.

Headquartered in Coventry, UK with offices in Singapore, Cincinnati and
Ottawa, the Group has a 33 year heritage designing and supplying automotive
vehicle OEM's 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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