Vela Technologies PLC Update re. Portr Limited
September 23 2019 - 7:37AM
RNS Non-Regulatory
TIDMVELA
Vela Technologies PLC
23 September 2019
RNS Reach
23 September 2019
Vela Technologies plc
("Vela")
Update re. Portr Limited - Airportr joins Amadeus Explore
The Board of Vela (AIM: VELA) notes that Portr Limited
("Portr"), the owner of Airportr, has joined Amadeus Explore, a
global initiative to assist technology start-ups scale faster. As
detailed in a press release issued by Amadeus IT Group SA
("Amadeus") on 20 September 2019, this strategic partnership will
help Airportr to work towards extending its urban bag collection,
check-in and delivery services to more locations and airlines.
Vela holds 256,275 shares in Portr equating to approximately
3.6% of Portr's issued share capital.
Extracts from the press release by Amadeus are copied below:
"Amadeus and Airportr join forces to eliminate baggage woes
Sara Pavan - Head of Innovation Partnerships, Amadeus
Picture this: you're about to go on a trip to a location you've
wanted to explore for quite some time. Despite the excitement, you
can't help but think it would be great if you could start your
journey to and through the airport without having to worry about
your belongings.
As it turns out, it's not just a matter of traveling light. With
air travel expected to experience significant growth in the coming
years, airports around the world are just about reaching capacity
which makes the case for travel providers to come up with solutions
to this challenge.
With this in mind, Amadeus has identified Airportr , the world's
first airline-integrated bag check-in and delivery service - as a
startup with great potential in this field. This London-based
company has developed a network of input points around a city,
through vetted drivers powered by its mobile technology. Customers
can book via a participating airline, choosing a timeslot to have
bags collected and checked-in at the location of their choice
before their flight. The driver scans and validates IDs and
boarding passes capturing responses to airline security questions
and safely sealing bags. Having received the IATA tag receipts
digitally, the customer next sees their bags in destination, on the
reclaim.
This startup provides an innovative service to distribute
processes off-airports enabling travelers to arrive security-ready
and pass landside to airside seamlessly. Whilst helping to release
baggage system capacity, this company is contributing to creating
more distributed and scalable spaces.
Airportr's service covers a broad range of subsectors of air
travel, transportation and technology. Although its primary
distribution channel is airlines, this start-up caters to airport
operators enhancing operational and service delivery, logistics and
ground handling agents, and is developing concepts around a
self-serve hotel product which will allow travelers to check-in
baggage while checking out of hotels. It is also increasingly
starting to work with travel management companies and online travel
agents.
The British scale-up currently works with airlines such as
British Airways, easyJet, Virgin Atlantic, Thomas Cook, Finnair,
Cathay Pacific and American Airlines in London, with more airlines
and locations planned to come online in 2019.
By joining Amadeus Explore , a global initiative to assist
technology startups scale faster, Airportr will benefit from access
to a wider network of potential customers and partners as well as
support from a team of experts in the field.
With services like these, hopefully next time you're on
holidays, you'll travel more smoothly, spend more time enjoying
your destination, and maybe even relax a little more."
The full press release by Amadeus can be found here:
https://amadeus.com/en/insights/blog/amadeus-and-airportr-join-forces-to-eliminate-baggage-woes
For further information, please contact:
Vela Technologies plc Tel: +44 (0) 7802
262 443
Brent Fitzpatrick, Non-Executive
Chairman
Antony Laiker, Director
Allenby Capital Limited Tel: +44 (0) 20
(Nominated Adviser) 3328 5656
Nick Athanas/Asha Chotai
Smaller Company Capital Limited Tel: +44 (0) 20
(Broker) 3651 2910
Rupert Williams/Jeremy Woodgate
About Vela Technologies
Vela Technologies (AIM: VELA) is an investing company focused on
early stage and pre-IPO long term disruptive technology
investments. There are currently 12 investments in the portfolio
which either have developed ways of utilising technology or
developing technology with a view to disrupting the businesses or
sector in which they operate. More recently, Vela Technologies has
also started to focus on existing listed companies where valuations
may offer additional opportunities.
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END
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