Business
Contract Win, Notice of Results and Trading Update
Contract Win, Notice of Results and Trading Update.
About this update from Aurrigo International Plc
[{"type":"text","content":"\n\n14 May 2024\n \nAurrigo International plc\n \nContract agreed for fleet of four autonomous baggage handling vehicles at Singapore Changi Airport for SGD $4.2m (~£2.5m), notice of results and trading update\n \nAurrigo International plc (AIM: AURR, the \"Company\" or \"Aurrigo\"), a leading international provider of smart airside solutions, has signed a SGD $4.2m (~£2.5m) agreement with Singapore Changi Airport Group (CAG) that will see a 'fleet' of automated baggage handling vehicles piloted for underwing operations during 2024 and 2025.\n \nThis follows the successful completion of Phase 2a which tested the Company's Auto-DollyTug® at Changi Airport, showcasing its resilience in challenging conditions including wet weather, heat, humidity, alignment to airport equipment, automated transfer of baggage containers and close quarter operations to aircraft on stand.\n \nThis latest contract, Phase 2b, will focus on using four Auto-DollyTugs to trial fleet communication through Aurrigo's Auto-Connect® platform, enabling them to be scheduled and monitored to support the turnaround of a widebody flight.\n \nIt is expected that these new generation airport baggage handling vehicles, designed, engineered and built by Aurrigo in the UK, will begin arriving in Singapore from July 2024.\n \nProfessor David Keene, Chief Executive Officer at Aurrigo, commented: \"This is a milestone moment for the aviation sector and paves the way for the future adoption of our Auto-DollyTug for the servicing of live flights in the near term. Changi Airport Group has been exploring this technology with us since 2020 and the results of significant testing through extreme weather conditions has given them the confidence to place this contract with us.\"\n \nMs Poh Li San, Senior Vice President, Terminal 5 Specialised Systems at Changi Airport Group, said: \"We look forward to trialling the fleet of four Auto-DollyTugs in Phase 2b and to validate our new concept of operations to support the turnaround of a widebody flight.\"\n \nNotice of Results for the year ended 31 December 2023 and Trading Update\n \nThe audited results for the year ended 31 December 2023 will be announced at the end of May and will be in line with market expectations*.\n \nAdditional customer requirements for vehicle capability and ...