25 June 2024
Aurrigo
International plc
("Aurrigo", "the Group" or the "Company")
AGM
Statement
Aurrigo International plc (AIM:
AURR, the "Company" or "Aurrigo"), a leading international provider
of smart airside solutions and automotive products, will be holding
its Annual General Meeting today at its offices at Unit 33, Bilton
Industrial Estate, Humber Avenue, Coventry, CV3 1JL at 10:00am. At
the meeting, Andrew Cornish Non-Executive Chair, will make the
following statement:
"The Board is pleased to report
continued positive trading momentum in the first half of FY24, in
line with management expectations.
Following significant aviation
partnerships secured in the prior year, the Group continues to make
good progress with the phased deployments of its automated smart
aviation solutions in key airport hubs around the world. This
includes the delivery in H1 of an Auto-DollyTug® under
the IAG contract to a major UK airport for first trial operations
and the commencement of Auto-Sim® airport modelling as
part of the initial phase of the airport launch.
This follows the successful testing
of the Company's Auto-DollyTug® at Singapore Changi
Airport Group (CAG) and subsequent contract win for further testing
of a 'fleet' of automated baggage handling vehicles at the airport
as announced in May. Testing continues to go well, and we look
forward to being able to provide further updates on this in due
course. The Company expects to complete further deliveries of
Auto-DollyTug®s to customers under existing contracts in
the near term.
The Group's cash generative
Automotive division continues to perform in line with expectations,
including the winning of new customers and additional projects from
existing customers.
The pipeline of opportunities and
discussions continues to grow as the need for automated, low
emission airside solutions is pressing and momentum is building
both with existing partners and prospective customers as the
capabilities and demonstrable cost, efficiency and environmental
benefits our solutions bring becomes increasingly
evident."
Contacts:
|
Aurrigo International plc
David Keene, Chief Executive
Officer
Ian Grubb, Chief Financial
Officer
|
+44
(0)2476 635818
|
|
Canaccord Genuity (Nominated Adviser and Sole
Broker)
Adam James
Harry Pardoe
|
+44 (0)20
7523 8000
|
|
Alma Strategic Communications
Hilary Buchanan
Caroline Forde
Will Ellis Hancock
|
+44(0)20
3405 0205
|
|
Cucumber PR
Russ Cockburn
|
+44 (0)78
1260 0271
|
Notes to Editors:
Aurrigo International plc is an
international designer and developer of fully integrated smart
airside solutions for the aviation industry, including automated
vehicles, systems and software.
The Group's proprietary,
award-winning autonomous technology and secure management system is
supporting some of the world's leading airports. Customers choose
to partner with Aurrigo to transform their baggage and cargo
handling operations, improving safety, operational efficiencies and
meeting sustainability targets, while navigating growing passenger
volumes, rising costs and increasing labour shortages.
Headquartered in Coventry, UK with
offices in Singapore and Ottawa, the Group has a 30+ year heritage
designing and supplying automotive vehicle manufacturers with
highly advanced, innovative product and
system solutions. For more information, please visit the Group's
website at www.aurrigo.com.
