We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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% | 47.00 | 44.00 | 50.00 | 47.00 | 47.00 | 47.00 | 0.00 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Motor Vehicle Part,accessory | 6.63M | -3.92M | -0.0728 | -6.46 | 25.29M |
From Feb 2023 to Feb 2025
TIDMAURR
RNS Number : 4279O
Aurrigo International PLC
03 October 2023
3 October 2023
Aurrigo International plc
Partnership agreement with International Airlines Group (IAG)
Project will deploy and demonstrate Aurrigo's autonomous technology within the UK
Aurrigo International plc (AIM: AURR, the "Company" or "Aurrigo"), a leading international provider of transport technology solutions, has signed a formal partnership agreement ('the Partnership') with International Airlines Group, S.A. ("IAG"), for the deployment and demonstration of Aurrigo's autonomous aviation solutions within the UK.
The Partnership is expected to follow a similar phasing to Aurrigo's ongoing agreement with Changi Airport Group in Singapore, with an evaluation and simulation phase to commence in October 2023 and then run for four 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. It will involve the Auto-DollyTug baggage vehicle, the Auto-Cargo air-freight vehicle and Aurrigo's Auto-Sim aviation operations simulation software.
The first project and deployment of Aurrigo's vehicles under the trial programme, which will be undertaken at a large UK airport, will be valued at GBP0.25 million . In addition, the companies will work together to explore further opportunities to integrate Aurrigo's autonomous solutions.
David Keene, CEO of Aurrigo, said:
"This Partnership with one of the world's largest airline groups is a great endorsement of the capabilities of our technology and the potential of automation to improve efficiencies and solve the challenges facing modern aviation.
Jorge Saco, Chief Information, Procurement, Services, and Innovation Officer at IAG, added:
"IAG is dedicated to supporting innovation which can transform aviation efficiencies and improve ground operations. Automation at airports is a key focus for us and having assessed our options we are pleased to be working with Aurrigo.
"We first trialled the prototype Auto-Dolly in 2019 and after revisiting it post-Covid, we were impressed by how far their vehicle capabilities have progressed. We look forward to this technology helping to build our leadership position in aviation automation".
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, Alaina Wong, Jalini Kalaravy +44 (0)20 7496 3000 Instinctif Partners (Financial Communications) +44 (0)20 7457 2020 Rozi Morris, Tim McCall, 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
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 rns@lseg.com 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
AGRELLFBXBLZFBK
(END) Dow Jones Newswires
October 03, 2023 02:00 ET (06:00 GMT)
1 Year Aurrigo Chart |
1 Month Aurrigo Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
