Equipmake Holdings - Textron Agreement to Electrify De-Icing Vehicles
14/10/2024 07:00
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RNS Number : 9674H Equipmake Holdings PLC 14 October 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").
14 October 2024
Equipmake Holdings plc
("Equipmake" or the "Company")
Agreement With Textron to Electrify Airside De-Icing Vehicles
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 manufacturing and supply agreement ("Agreement") with Textron Ground
Support Equipment Inc. ('Textron'), a leading global manufacturer of airport
ground support vehicles.
Highlights:
· Equipmake will supply its Zero Emission Drivetrain ("ZED") for use in
Textron's Safeaero 220 airside de-icing vehicle
· Following delivery of the ZED, Textron will add its new Safeaero 220E
electrified de-icing vehicle to its aviation ground support equipment product
line
· Equipmake's electrification technology will assist Textron in achieving
its sustainability targets as it transitions its product range to zero
emission
Under the new Agreement, Equipmake expects to supply a version of its Zero
Emission Drivetrain - a fully integrated system, including motors, control
systems, inverters, HVAC, and battery packs - tailored to meet the specific
operational requirements of Textron's Safeaero 220 airside de-icing vehicle.
Revealed at GSE Expo in Lisbon, Portugal, the next-generation electrified
Safeaero 220E will benefit from the ZED's integrated thermal management system
to ensure reliable de-icing at low temperatures, while building on the
Safeaero 220's highly efficient single-person operation with quiet,
emissions-free performance.
Following successful trials by Textron in early 2024 of an initial ZED
equipped vehicle, Equipmake expects to now move to agree production volumes
with Textron and commence ongoing supply to be used in Textron's new Safeaero
220E electrified de-icing vehicle that will be added to its aviation ground
support equipment product line.
Ian Foley, CEO, Equipmake said: "Textron is a world leading manufacturer of
specialised airport ground support vehicles. Its selection of Equipmake for
the electrification of the Safeaero 220 de-icer is a considerable endorsement
of both our innovative products and cutting-edge technology, and our ability
to apply them in new, important, industry sectors. We are proud to be
supporting Textron as it transitions its product range to zero emissions to
meet its sustainability goals."
Matt Chaffin, Vice President and General Manager, GSE for Textron Specialised
Vehicles Inc. said: "Partnering with Equipmake and integrating its advanced
zero-emission electric powertrain into the Safeaero 220 further delivers on
our mission of electrifying the next generation of dependable, efficient and
high-performing ground support equipment. We are delighted to be working with
Ian Foley and his team."
**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
Susie Geliher / 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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