Equipmake Holdings - Initial Zero Emission Drivetrain Order From Agrale
29/08/2024 07:00
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RNS Number : 0688C Equipmake Holdings PLC 29 August 2024
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").
29 August 2024
Equipmake Holdings plc
("Equipmake" or the "Company")
Initial Zero Emission Drivetrain Order From Agrale
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 that it
has received an initial order for five Zero Emission Drivetrains ("ZEDs") from
South American bus manufacturer Agrale S.A. ("Agrale").
The ZED is an integrated systems solution which includes Equipmake motors,
control systems, inverters, HVAC and battery packs and will be utilised in the
construction of five MT17.0e buses for DOTA S.A., the largest bus operator in
Argentina. This follows the recent successful trial in Buenos Aires of a
MT17.0e zero emissions electric bus featuring Equipmake's proprietary ZED
(please see RNS Reach dated 22 August 2024).
This order further strengthens the Company's forward order book, supporting
its emphasis of securing components and drivetrain business.
Ian Foley, CEO, Equipmake said: "We are delighted to receive an initial order
from Agrale for five Zero Emission Drivetrains following the successful trial
of the pioneering MT17.0e electric bus in Buenos Aires. We have been working
with Agrale for six years on the development of zero emission busses for the
South American market and this initial order represents the exciting next
phase in our expanding relationship."
Edson Ares Sixto Martins, CEO, Agrale S.A. added: "Agrale's decision to
utilise Equipmake's Zero Emission Drivetrains for these initial five buses is
a result of the excellent relationship we have with the Company and the high
quality of its technology. We are incredibly proud to be moving forward
together in, what we believe is, an important partnership to bring electric
buses to the streets of South America."
**ENDS**
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, CEO
Tony Ratcliffe, CFO
Panmure Liberum (Corporate Adviser & Joint Broker) Tel: +44 (0) 20 7886 2500
James Sinclair-Ford / Joseph Tan
Mark Murphy / 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 / 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 powertrains.
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(1) 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.
(1) 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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