Equipmake Holdings - Development Agreement With JCB
19/02/2025 07:00
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RNS Number : 5885X Equipmake Holdings PLC 19 February 2025
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR").
19 February 2025
Equipmake Holdings plc
("Equipmake" or the "Company")
Development Agreement With JCB
Equipmake, a market leader in engineering-driven differentiated
electrification technologies, products and solutions across the automotive,
truck, bus and speciality vehicle industries, is pleased to announce it has
signed a development agreement (the "Agreement") with J.C. Bamford Excavators
Limited ("JCB"), the British multinational manufacturer renowned for its
construction, agriculture, waste handling, and demolition equipment.
Highlights:
· Equipmake will apply its expertise in electrification systems
integration and collaborate on developing a bespoke power electronics package
to support JCB's innovative new product development.
· The Agreement is for an initial six-month development period.
The Agreement represents a significant opportunity for Equipmake to deepen its
relationship with JCB, a global leader with annual revenues of £6.5 billion
and a presence in over 150 countries. By demonstrating its engineering prowess
and delivering on this project, Equipmake has the potential to secure
additional workstreams with JCB and tap into the company's extensive portfolio
of products, amplifying the impact of its electrification solutions across
multiple sectors.
Ian Foley, CEO, Equipmake said: "This partnership with JCB underscores the
strength of Equipmake's electrification expertise and our ability to deliver
cutting-edge solutions tailored to the needs of industry leaders. JCB's
commitment to innovation aligns perfectly with our mission to drive the
electrification of vehicles across diverse sectors, and we're delighted to be
assisting them on the development of their next generation of products."
**ENDS**
For further information, please contact:
Equipmake Via St Brides Partners
Clive Scrivener, Non-Executive Chairman
Ian Foley, CEO
VSA Capital (Rule 3 and Financial Adviser, Aquis Corporate Adviser and Tel: +44 (0) 20 3005 5000
Broker)
Andrew Raca / Simon Barton
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236 1177
equipmake@stbridespartners.co.uk
Susie Geliher / Paul Dulieu / Will Turner
About Equipmake
Equipmake is a UK-based industrial technology company specialising in the
engineering, development and production of electrification products to meet
the needs of the automotive and other sectors in support of the transition
from fossil-fuelled to zero-emission drivetrains.
Equipmake is a leader in high performance technologically advanced electric
motors, inverters and complete zero-emission electric drivetrains and power
electronic systems. Equipmake has developed a vertically integrated solution
providing fully bespoke solutions to its customers. The Company is focussed on
accelerating traction with OEM and Tier 1 suppliers in relation to higher
margin component and drivetrain supply under long-term growth contracts.
Key differentiators of the Company offerings are its advanced technology and
performance, reliability and adherence to ASIL-D(2) functional safety.
Equipmake's advanced motor and inverter technology, featuring ASIL-D
compliance, are designed to customers' highest Functional Safety standards.
With decades of experience in electric drivetrain integration and a dedicated
prototype vehicle testing facility, Equipmake can significantly accelerate
product development for customers.
(2) Automotive Safety Integrity Level ("ASIL") is a risk classification scheme
defined by the ISO 26262 - Functional Safety for Road Vehicles standard and is
a critical requirement for road vehicles. Of the four ASILs identified by the
standard, ASIL-D dictates the highest integrity requirements on the product,
which require exceptional rigour in their development.
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