(Alliance News) - Aurrigo International PLC on Tuesday said it anticipates a double-digit rise in revenue for 2024, driven primarily by growth within its Autonomous division. Read More
Aurrigo International PLC - Coventry, England-based provider of smart airside solutions - Says its Automotive division has secured an additional GBP1.5 million European export contract with an "existing global automotive manufacturing customer", which it left unnamed. It will supply wiring harnesses to the customer over the course of approximately 2.5 years, with production expected to start in the second half of 2025. It adds: "The contract, which will be delivered at positive net margin for the company, does not change management's financial expectations going forward, but provides further visibility in the forecasts of the business." Read More
Aurrigo International PLC - Coventry, England-based provider of smart airside solutions - Issues trading statement ahead of Tuesday's annual general meeting. Reports continued positive trading momentum in the first half of financial 2024, in line with management expectations. Notes good progress with the phased deployments of its automated smart aviation solutions in key airport hubs around the world. This includes the delivery of an Auto-DollyTug 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. Aurrigo says testing continues to go well, and it expects to complete further deliveries of Auto-DollyTug's to customers under existing contracts in the near term. Further, says the Automotive division continues to perform in line with expectations, including the winning of new customers and additional projects from existing customers. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Aurrigo International PLC - Coventry, England-based provider of "smart airside solutions" - Signs contract with Singapore Changi Airport Group worth SGD4.2 million, about GBP2.5 million, for a fleet of automated baggage handling vehicles. Aurrigo says the contract is for a test of its Auto-DollyTug vehicles for underwing operations at Changi during 2024 and 2025. The phase 2b trial follows a successful phase 2a test in which the Auto-DollyTug showed it was able to stand up to rain, heat and humidity of the equatorial city to provide automated transfer of baggage containers, Aurrigo says. The new generation vehicles will arrive in Singapore from the UK in July. Read More
Aurrigo International PLC - Autonomous and semi-autonomous vehicle technology provider - Signs formal partnership agreement with Aviation Solutions BV to support the roll-out of Aurrigo's autonomous solutions to the global aviation sector. Aviation Solutions is a department within Royal Schiphol Group, which owns and operates Amsterdam Airport Schiphol. Aurrigo says: "The multi-year partnership with AS provides an opportunity to demonstrate the Auto-DollyTug baggage vehicle and Auto-Sim aviation operations simulation software at Amsterdam Airport Schiphol in a bid to engage with other airports and stakeholders." Read More
Aurrigo International PLC - Autonomous and semi-autonomous vehicle technology provider - Signs agreement with Digital Testbed Air Cargo Project Consortium to deploy its Auto-DollyTug for trials at Munich International Airport. The Auto-DollyTug is a zero emission, all-electric autonomous vehicle designed to carry airside baggage. The Auto-DollyTug is scheduled to be deployed at the Munich airport in the second quarter of 2024, with results expected in the third quarter. DTAC is a research project funded by the German Federal Ministry of Digital & Transport, which explores the basics for setting up and operating digital applications and solutions in air cargo. The project is also being carried out under the academic leadership of the Fraunhofer Institute for Material Flow & Logistics alongside the Frankfurt University of Applied Science. In November, Aurrigo signed a similar agreement with DTAC for the deployment of Auto-DollyTug at Stuttgart airport. Read More
Aurrigo International PLC - Coventry, England-based transport technology - Signs contract worth EUR580,000 with Schiphol Nederland BV to deploy and demonstrate its autonomous aviation solutions at Amsterdam Airport Schiphol throughout 2024. The demonstration will involve the Auto-DollyTug baggage vehicle and Aurrigo's Auto-Sim aviation operations simulation software. "This project with one of the world's largest airports 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," says Aurrigo Chief Executive Officer David Keene. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Aurrigo International PLC on Friday said that it has signed an agreement with the Digital Testbed Cargo Project Consortium to deploy its Auto-DollyTug at Stuttgart Airport. Read More
(Alliance News) - Aurrigo International PLC on Wednesday said that it has signed an agreement with International Consolidated Airlines Group SA for the deployment and demonstration of its autonomous aviation solutions. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Aurrigo International PLC - Coventry, England-based autonomous and semi-autonomous vehicle technology provider - Proposes placing of at least 3.5 million new shares at 100 pence each, to raise a minimum of GBP3.5 million. The price is a 32% discount to Tuesday's closing price. Also intends to raise further proceeds through separate retail offer to existing shareholders at the same price, so retail investors can participate in Aurrigo's fundraising plans. Company is permitted to issue a maximum of 4.2 million shares in total. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Aurrigo International PLC on Tuesday said that it has signed a formal partnership agreement with British Airways parent International Consolidated Airlines Group SA for the deployment and demonstration of Aurrigo's autonomous aviation solutions within the UK. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Aurrigo International PLC on Monday reported an increased loss due to ballooning costs but hailed its partnership with United Parcel Service Inc in its outlook. Read More
(Alliance News) - Aurrigo International PLC on Tuesday said it has been awarded a EUR275,820 grant from the European Institute of Innovation & Technology for its participation in the Living Lab for Autonomous Public Transport project. Read More