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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aurrigo International Plc | LSE:AURR | London | Ordinary Share | GB00BNG73286 | ORD GBP0.002 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 97.50 | 95.00 | 100.00 | 97.50 | 97.50 | 97.50 | 25,399 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Vehicle Part,accessory | 5.3M | -2.2M | -0.0527 | -18.50 | 40.63M |
TIDMAURR
RNS Number : 5270U
Aurrigo International PLC
24 November 2023
24 November 2023
Aurrigo International plc
Agreement for trials at Stuttgart Airport
Aurrigo International plc (AIM: AURR, the "Company" or "Aurrigo"), a leading international provider of transport technology solutions, has signed an agreement with with the Digital Testbed Cargo Project Consortium ("DTAC") to deploy the Company's Auto-DollyTug at Stuttgart Airport for autonomous cargo transport trials from the terminal to the deck of an aircraft.
The Auto-DollyTug is scheduled to be deployed in March 2024 for an initial four week period at the project test site in Stuttgart Airport. T he project is being funded by the German Federal Ministry of Digital and Transport (BMDV) and will be carried out under the academic leadership of the Frauhofer IML (Institute for Material Flow and Logistics) and the Frankfurt University of Applied Science as part of the Digital Testbed Air Cargo project.
The Auto-DollyTug combines the utility of a baggage / cargo tractor, with the ULD carrying capability of an airport dolly, making a more flexible and space efficient vehicle. This means that a combination of an Auto-DollyTug and three trailers carries four ULDs or over 30% more than a traditional tug set-up of the same overall length.
David Keene, CEO, commented : "We are absolutely delighted to win this first deployment in Germany and this is an endorsement of our strategy to concentrate on aviation, a sector where there is a clear demand for autonomous, electric vehicles to reduce emissions, improve efficiency and allow for continued growth in passenger volumes, despite a shortage of security cleared ground staff. We look forward to exploring additional opportunities to work with Stuttgart and DTAC following the initial trial period".
Enquiries:
Aurrigo International plc David Keene, Chief Executive Officer Ian Grubb, Chief Financial Officer +44 (0)2476 635818 Singer Capital Markets (Nominated Adviser and Sole Broker) Phil Davies, Rick Thompson, Angus Campbell, Jalini Kalaravy +44 (0)20 7496 3000 Instinctif Partners (Financial Communications) +44 (0)20 7457 2020 Guy Scarborough, Isadora Pegler aurrigo@instinctif.com
About Aurrigo
Aurrigo is a leading international provider of transport technology solutions. Headquartered in Coventry, UK, it designs, engineers, manufactures and supplies autonomous vehicles and OEM products to the automotive and transport industries, particularly focusing on aviation. It is highly regarded as a specialist in autonomous and semi-autonomous technology solutions for the aviation, ground handling and cargo industries. Aurrigo has developed six types of autonomous vehicle to date, which can be utilised to reduce costs, resolve operational issues and tackle labour shortages, whilst also improving sustainability. Aurrigo has three divisions, Automotive Technology, Autonomous Technology and Aviation Technology. For more information, see www.aurrigo.com
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November 24, 2023 02:00 ET (07:00 GMT)
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