Aurrigo International PLC Partnership agreement with Changi Airport Group (5544Q)

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RNS Number : 5544Q

Aurrigo International PLC

21 February 2023

This announcement contains inside information for the purposes of UK Market Abuse Regulation.

21 February 2023

Aurrigo International plc

Partnership agreement with Changi Airport Group

Aurrigo International plc (AIM: AURR, the "Company" or "Aurrigo"), a leading international provider of transport technology solutions, has signed a formal partnership agreement with Changi Airport Group (Singapore) Pte Ltd ("CAG") for the continued joint development and testing of the Company's autonomous vehicles, Auto-Dolly and Auto-DollyTug and its airport simulation software platform Auto-Sim.

The multi-year partnership with CAG provides an opportunity for the further development of Aurrigo's autonomous solutions at Changi Airport and demonstrations to showcase the technology to other airports and stakeholders.

This partnership follows on from the agreement with CAG announced on 28 October 2022, for the next phase of development of Aurrigo's Auto-Dolly. The development and testing of Aurrigo's autonomous vehicles is partially funded by the Civil Aviation Authority of Singapore (CAAS) through its Aviation Development Fund (ADF). The ADF supports initiatives to improve productivity in the Singapore aviation sector through the use of innovative solutions.

David Keene, CEO of Aurrigo, commented:

"We have worked closely with the team at Changi for several years and this partnership cements our collaboration to bring the best automated solutions to airlines and airports, enabling them to improve efficiency, safety and sustainability."

Poh Li San, SVP of Terminal 5 Planning, Changi Airport Group, added:

"Similar to major airports throughout the world, recruiting enough ground handling personnel and drivers to support our growth is a challenge. We have been encouraged by Aurrigo's innovative autonomous technologies to help address these issues, and we're excited to partner Aurrigo in joint development and testing of these solutions."

Enquiries:

 
 Aurrigo International plc                          via Instinctif Partners 
  David Keene, Chief Executive Officer 
  Ian Grubb, Chief Financial Officer 
 Singer Capital Markets (Nominated Adviser 
  and Sole Broker) 
  Phil Davies, Rick Thompson, George Tzimas         [phone] 
 
 Instinctif Partners (Financial Communications)     [phone] 
  Rozi Morris, Tim McCall, 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

About Changi Airport Group

Changi Airport Group (Singapore) Pte Ltd (CAG) ( www.changiairportgroup.com ) was formed on 16 June 2009 and the corporatisation of Singapore Changi Airport (IATA: SIN, ICAO: WSSS) followed on 1 July 2009. As the company managing Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. CAG also manages Seletar Airport (IATA: XSP, ICAO: WSSL) and through its subsidiary Changi Airports International, invests in and manages foreign airports.

As one of Asia's most connected international aviation hubs, Changi Airport links Singapore to over 120 cities globally, with over 80 airlines operating more than 4,000 weekly flights. Jewel Changi Airport, a multi-dimensional lifestyle destination, opened in April 2019, adding to Changi Airport's shopping and dining offerings of over 550 F&B and retail outlets across the airport. The world's most awarded airport, Changi has won 650 accolades for its consistent and excellent airport staff service, passenger experience and safety standards.

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February 21, 2023 02:00 ET (07:00 GMT)