Aurrigo International PLC Agreement with IAG at Cincinnati Airport (2001U)

TIDMAURR

RNS Number : 2001U

Aurrigo International PLC

22 November 2023

22 November 2023

Aurrigo International plc

Project Agreement with IAG at Cincinnati/Northern Kentucky

International Airport (CVG)

Aurrigo International plc (AIM: AURR, the "Company" or "Aurrigo"), a leading international provider of transport technology solutions, has signed a Project Agreement ('the Agreement') with International Airlines Group, S.A. ("IAG"), for the deployment and demonstration of Aurrigo's autonomous aviation solutions at the Cincinnati/Northern Kentucky International Airport (CVG).

The Partnership is expected to follow a similar phasing to Aurrigo's agreement with IAG in the UK with an evaluation and simulation phase to commence in November 2023 running for three months, followed by a demonstration phase and an initial deployment.

It is the Board's expectation that this will then lead to the likely deployment of a small fleet during H1 2025 at CVG. As with Aurrigo's UK partnership with IAG, it will involve the Auto-DollyTug(R) baggage vehicle and Aurrigo's Auto-Sim(R) aviation operations simulation software.

The deployment of Aurrigo's vehicles under the Agreement will be undertaken at CVG and valued at $0.29 million.

David Keene, CEO of Aurrigo, said:

"This partnership is an important milestone for us as it will be our first aviation operation in the US - a key target market. We're pleased to be partnering with IAG beyond the UK and to be building a presence at a key international airport."

Enquiries:

 
 Aurrigo International plc 
  David Keene, Chief Executive Officer 
  Ian Grubb, Chief Financial Officer                [phone] 
 Singer Capital Markets (Nominated Adviser 
  and Sole Broker) 
  Phil Davies, Rick Thompson, Angus Campbell, 
  Jalini Kalaravy                                   [phone] 
 
 Instinctif Partners (Financial Communications)     [phone] 
  Guy Scarborough, Isadora Pegler                    [e-mail] 
 

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

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 [e-mail] or visit 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.

END

AGRVFLFLXFLLFBF

(END) Dow Jones Newswires

November 22, 2023 02:01 ET (07:01 GMT)