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

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