Equipmake Holdings - New Agrale Partner Order on Hybrid Bus Platform
23/09/2024 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240923:nRSW1345Fa&default-theme=true
RNS Number : 1345F Equipmake Holdings PLC 23 September 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").
23 September 2024
Equipmake Holdings plc
("Equipmake" or the "Company")
Additional Purchase Order with Agrale Partner on Hybrid Bus Platform
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
entered into a further purchase order with South American bus manufacturer
Agrale S.A. ("Agrale") ("Purchase Order"), as part of Agrale's development of
a new hybrid light bus platform prototype ahead of intended series production.
This follows the Company's announcement on 22 August and deepens Equipmake's
client engagement with Agrale.
Through the Purchase Order, Equipmake will supply specialised parts to support
the development of a prototype and work closely with Agrale to integrate these
into Agrale's MA11 light bus platform, creating an electric/ethanol hybrid
lightweight bus. Designed to operate on routes outside major South American
cities, where infrastructure challenges make full electrification difficult,
this hybrid solution aims to provide a practical and sustainable option for
public transportation. The hybrid bus is expected to achieve a zero-emission
range of 100 kilometres, with an overall range of 400 kilometres on a single
tank of fuel.
This work with Agrale builds on the success of a recent trial in Buenos Aires,
where the Agrale MT17.0e zero-emissions electric bus, featuring Equipmake's
proprietary Zero Emissions Drivetrain (ZED), demonstrated impressive
performance. Following the trial, Agrale placed an initial order for five
additional Equipmake ZED units to be used in further MT17.0e buses being built
for DOTA S.A., Argentina's largest bus operator.
Ian Foley, CEO, Equipmake said: "We are excited to extend our partnership with
Agrale in the development of this hybrid bus platform, which the Company
believes could be instrumental in advancing sustainable public transport
across South America. This project highlights the potential of hybrid
technology in regions where full electrification is challenging and showcases
the versatility of Equipmake's technology in both fully electric and hybrid
vehicles. We are proud to support Agrale's ambitious efforts to reduce the
environmental impact of public transportation in South America."
Edson Ares Sixto Martins, CEO, Agrale S.A. added: "Our collaboration with
Equipmake represents a critical step in meeting the unique transportation
needs of South America. By combining our expertise with Equipmake's
cutting-edge electrification technology and functional safety, we are
developing a hybrid bus that addresses our region's infrastructure realities
while contributing to a cleaner, more sustainable future. We are confident
this new hybrid platform will revolutionise the service we provide to our
customers and the communities they serve."
**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 / Anake Singh / Josh Moss
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 (mailto: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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END NEXVFLBLZKLEBBK