Business
Agreement with IAG at Cincinnati Airport
Agreement with IAG at Cincinnati Airport.
About this update from Aurrigo International Plc
[{"type":"text","content":"\n\n22 November 2023\n \nAurrigo International plc\n \nProject Agreement with IAG at Cincinnati/Northern Kentucky\n International Airport (CVG)\n \nAurrigo International plc (AIM: AURR, the \"Company\" or \"Aurrigo\"), a leading international provider of transport technology solutions, has signed a Project Agreement ('the Agreement') with International Airlines Group, S.A. (\"IAG\"), for the deployment and demonstration of Aurrigo's autonomous aviation solutions at the Cincinnati/Northern Kentucky International Airport (CVG).\n \nThe Partnership is expected to follow a similar phasing to Aurrigo's agreement with IAG in the UK with an evaluation and simulation phase to commence in November 2023 running for three months, followed by a demonstration phase and an initial deployment.\n \nIt is the Board's expectation that this will then lead to the likely deployment of a small fleet during H1 2025 at CVG. As with Aurrigo's UK partnership with IAG, it will involve the Auto-DollyTug® baggage vehicle and Aurrigo's Auto-Sim® aviation operations simulation software.\n \nThe deployment of Aurrigo's vehicles under the Agreement will be undertaken at CVG and valued at $0.29 million.\n \nDavid Keene, CEO of Aurrigo, said:\n \n\"This partnership is an important milestone for us as it will be our first aviation operation in the US - a key target market. We're pleased to be partnering with IAG beyond the UK and to be building a presence at a key international airport.\"\n \nEnquiries:\n\n\n\n\nAurrigo International plc\nDavid Keene, Chief Executive Officer\nIan Grubb, Chief Financial Officer \n \n\n\n+44 (0)2476 635818\n \n\n\n\n\nSinger Capital Markets (Nominated Adviser and Sole Broker)\nPhil Davies, Rick Thompson, Angus Campbell, Jalini Kalaravy\n\n\n+44 (0)20 7496 3000\n \n\n\n\n\n \n\n\n\n\n\n\n\nInstinctif Partners (Financial Communications)\nGuy Scarborough, Isadora Pegler\n\n\n+44 (0)20 7457 2020\[email protected]\n \n\n\n\n\n \nAbout Aurrigo\nAurrigo 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 speciali...