Equipmake Holdings - E-Drivetrain for Long-Range Electric Flying Boat
10/07/2023 07:00
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RNS Number : 4113F Equipmake Holdings PLC 10 July 2023
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").
Equipmake Holdings plc
("Equipmake" or the "Company")
Supplies Cutting Edge E-Drivetrain for Luxury Long-Range Electric Flying Boat
Equipmake, the UK-based engineering specialist pioneering the development and
production of electrification products across the automotive, aerospace, bus,
and coach industries, is pleased to announce it has supplied an advanced
e-drivetrain system for a world-first long-range electric flying boat.
For the project, Equipmake designed, developed, and manufactured a fully
electric drivetrain, featuring a specially adapted version of its lightweight,
power dense, high-performance motor and gearbox, and an Equipmake inverter and
custom battery pack.
Working in collaboration with modern classic yacht design and build experts
Spirit Yachts, and advanced marine engineering specialist BAR Technologies,
the purpose built 35ft SpiritBARTech35EF electric flying boat utilises active
retractable foils to raise the boat's hull above the water to minimise drag
and create a fast-cruising range of approximately 100 nautical miles at 22
knots.
The project is the first time Equipmake's electrification products and
expertise have been applied to the rapidly growing electric marine market,
which is estimated to be worth ~$16.6 billion by 2030 i . Following the
success of the project, Equipmake and BAR Technologies are exploring further
opportunities to collaborate and increase the potential market for Equipmake's
products in BAR Technologies' systems.
Ian Foley, CEO, Equipmake said: "We are extremely proud to have played a key
role in the development of this incredible electric flying boat, which truly
sets new standards for long range electric vessels. Our in-house developed
electrification technology has many varied high-performance applications, from
aerospace to automotive, and the SpiritBARTech35EF is the perfect showcase for
how it can be applied to the rapidly growing electric marine market."
John Cooper, CEO, BAR Technologies said: "We firmly believe that the future of
the marine sector will be defined by developments in the sustainability and
efficiency of vessels. We have been delighted to partner with Equipmake on its
remarkable powertrain. Ian Foley and his team are true leaders in the field of
electrification and share our ethos of lightweighting and competition-bred
design and development. We look forward to exploring further opportunities to
work together."
**ENDS**
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, Founder and CEO
Steven McGillivray, CFO
Panmure Gordon (Corporate Adviser & Joint Broker) Tel: +44 (0) 20 7886 2500
John Prior / James Sinclair-Ford / Freddie Twist
Hugh Rich / Sam Elder
VSA Capital Limited (Joint Broker)
Simon Barton / Alex Cabral Tel: +44 (0) 20 3005 5000
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236 1177
equipmake@stbridespartners.co.uk
Susie Geliher / Paul Dulieu
About Equipmake
Equipmake is the UK-based engineering specialist pioneering the development
and production of electrification products to meet the needs of the
automotive, aerospace and other sectors in support of the transition from
fossil-fuelled to zero-emission powertrains.
Equipmake is a leader in ultra-high performance electric motors and complete
EV drivetrains and ultra-fast power electronic systems. As well as developing
proprietary technology - such as an ultra-compact, lightweight high
performance spoke motor - it also offers industry-leading EV consultancy.
Equipmake has developed a vertically integrated solution providing fully
bespoke solutions. The Company has built a significant pipeline of
opportunities, as demand for electric vehicles increases as part of the global
decarbonisation movement.
About BAR Technologies
With an impressive heritage, having originally spun out from the former
British, America's Cup Team, BAR Tech provides a wide range of design and
engineering consultancy services with a focus on 4 key sectors; Workboats and
Commercial Vessels, Shipping, Special Projects and Leisure Marine and Yachts.
BAR Technologies offer a cohesive team of world lead naval architects and
optimisation specialists; fluid dynamists; mechanical, structural and
composite engineers; control strategy and system specialists; they offer data
and simulation engineers with access to the latest commercial knowledge, using
bespoke in-house design tools.
For more details please visit: https://www.bartechnologies.uk/
About Spirit Yachts
Spirit Yachts is the world leader in modern classic yacht design and
build. Based on the east coast of the UK, Spirit Yachts has a portfolio of
customised, wooden sail and power yachts ranging from day sailors to
superyachts.
Established in 1993, Spirit Yachts was founded by Sean McMillan and Mick
Newman, who set out to offer yacht owners a beautiful, unique, and sustainably
sourced alternative to fibreglass production boats. This goal remains at
the core of the company's ethos today.
From humble beginnings in the Suffolk countryside, Spirit Yachts now operates
from a large waterside facility in Ipswich with a highly skilled team of
designers, naval architects, boat builders, cabinet makers, electricians, and
engineers.
Built using the highest quality, sustainable timber and incorporating the
latest technology, Spirit yachts are designed and commissioned to suit an
owner's individual criteria. Every Spirit is unique.
Passionate about sustainability, Spirit Yachts has won international awards
for its commitment to lowering the carbon footprint of the company and its
yachts during construction, operation and at end of life.
www.spirityachts.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.spirityachts.com%2F&data=05%7C01%7Cpaul%40stbridespartners.co.uk%7Ca284f7dae5c64575559808db7e435cb6%7C48b7268319d344289c4b73cf144d89ed%7C1%7C0%7C638242600018243864%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=kpmnntkZ70bmUZlArsIVww4Uba3hFvTwMUNCVb4f6Eo%3D&reserved=0)
i https://www.skyquestt.com/report/electric-boat-market
(https://www.skyquestt.com/report/electric-boat-market)
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