RCS - Equipmake Holdings - Aerospace electric motor term sheet with H55
26/06/2023 07:00
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RNS Number : 8102D Equipmake Holdings PLC 26 June 2023
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Equipmake Holdings plc
("Equipmake" or the "Company")
Equipmake agreement with H55:
Aerospace electric motor production term sheet with H55
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 that further to its announcement
on 21 April 2023 where it agreed a technology partnership with H55, a leading
electric aerospace propulsion company, the Company has now formally agreed a
term sheet with H55 for the provision of an aerospace electric motor.
Overview:
• This collaboration sees both companies build on considerable
technology development agreeing certified Electric Propulsion System (EPS
production partnership).
• H55 intends to initially commercialise a 100kW fully certified
EPS, with Equipmake providing world-class motors based on H55 specifications,
and H55 the certified motor controller.
• Follows initial supply of lightweight, power dense,
high-performance state-of-the art electric motors for prototype electric
aircraft.
• Motors will be used by H55 for its customer project with BRM AERO,
on a
two-seater electric trainer, the Bristell B23 Energic aircraft.
• Certification is planned for the end of 2024 with revenue from
sales for Equipmake expected from H1 2025.
• Equipmake and H55 will expand the range of motors available, with
the next version already under development.
Commenting on the Agreement, Ian Foley, CEO, Equipmake said: "I am delighted
to build on our initial partnership with H55, to partner for production on our
lightweight, power dense electric motors, developing certified electric
propulsion systems for the BRM Aero project. These will be utilised in a
highly advanced electric two-seater training aircraft."
Commenting on the partnership, André Borschberg, Executive Chairman, H55
said: "I am pleased to see our collaboration taking this important step, as
we have many customers looking forward to using this technology. This
partnership is very complementary, coupling Equipmake's experience in motor
design and serial production with H55's propulsion and battery expertise: all
the prerequisites for a successful collaboration."
Further Information
Announced at the Paris Air Show, the new term sheet builds on a collaboration
already in place - which has seen Equipmake supply advanced electric motors to
support H55 Electric Propulsion System (EPS) development, with Equipmake and
H55 partnering on production-ready, certified EPS, with Equipmake supplying
its lightweight, power dense, high-performance state-of-the art electric
motors for use in electric aircraft.
Equipmake has been chosen for its expertise in advanced electrification
technology and rapid manufacturing with the bespoke high-performance motors
created for H55 using its proprietary rotor design, using Halbach array
technology to deliver significant advantages. Equipmake will support H55 on
its customer program with aircraft manufacturer BRM AERO, on the Bristell B23
Energic aircraft, a two-seater electric trainer designed for flight schools
and pilot training, as the project advances from prototype development to full
manufacturing.
**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 has more than 20 years' experience developing and integrating
industry-leading innovative electric powertrains. It provides the complete
solution. Not only is Equipmake a leader in ultra-high-performance electric
motors, but also complete EV drivetrains and ultra-fast power electronic
systems. As well as developing proprietary technology - from motors to
inverters - it also offers EV consultancy.
CEO Ian Foley is a highly-experienced engineer who has worked at the pinnacle
of global motorsport - from Le Mans to F1 - and Equipmake's team of expert
engineers can take a project from initial specifications through modelling,
simulation, design, prototyping, testing and then production in tight
timescales.
Using this expertise, Equipmake has become a global leader in the repowering
of buses - most recently completing an all-electric repower of the New
Routemaster, as well as partnering with First Bus to upgrade its
fleet - while the company has also expanded into the electrified aerospace
sector, providing state-of-the-art electric motors for Gilmour Space
Technologies' rockets, as well as in VTOL. Equipmake also continues to supply
leading technology to electric sports car and hypercar projects too.
About H55
H55 is the leading provider of electric propulsion solutions and battery
pack systems. The Swiss based company is the technological spin-off of Solar
Impulse, the first electric airplane to fly around the world, breaking 14
world records in distance, altitude, and duration. With 19 years of
experience, and having built and flown 4 electric planes, the H55 team is able
to solve and provide solutions to the complex challenges of certification
and aircraft integration. H55 is the first and only company with a certified
design and production organization (EASA/FOCA) and the company's modular
systems, which have proven itself in real flight conditions, can be integrated
in different types of aircraft and configurations.
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