Aurrigo International plc reports strong growth in autonomous division in interim trading results

A global provider of smart airside solutions has posted strong growth in its autonomous division as part of its interim results for the first six months of 2024.  Aurrigo International plc, which listed on the Alternative Investment Market (AIM) in 2022, has seen revenue rise to a total £3.9m turnover – a 26% rise in line with the expectations of the board.  This has been accelerated by the uptake of its Auto-Sim digital twin product and the deployment of it all-electric Auto-DollyTug® at five global airports, providing the blueprint for how baggage and cargo will be transported in the future.  £800,000 of revenue has been generated in the first half of the year in autonomous solutions alone (160% rise), with the promise of annual sales touching £3m by the end of December.   A better product mix, combined with an increase in orders from long-term customers, has also resulted in double-digit growth for the automotive side of the business.

Professor David Keene, CEO of Aurrigo International plc, commented: “We are pleased to report a period of strong growth as we scale our technology, teams and customer engagements. The growth in our autonomous division reflects the steady scaleup of our smart airside solutions in key airport hubs around the world, which is driving increased interest across our target aviation market and a growing pipeline.  “During the period, we have expanded our international teams, enhanced our hardware and software offering, and advanced our engagement with key strategic partners, providing a robust foundation for growth.”

An enhanced autonomous solution offering following vehicle functionality advancements has been one of the key operational highlights of 2024 for Aurrigo so far, with the incorporation of robotic arms on the body allowing the vehicle to autonomously load and unload a ULD itself.  The successful deployment of Auto-DollyTug® airside has accelerated customer interest and led to the signing of three strategic partnership deals that gives the business access to a network of over 460 airports.  Alongside these developments, the company has invested heavily in scaling up its UK team at its Advanced Engineering Centre in Coventry, bolstering its operation in Singapore and opening a new office in the US at Cincinnati/Northern Kentucky International Airport.

David concluded: “We enter the second half of 2024 with good momentum, improving margins and a clear pipeline of deliverables, giving us confidence in our growth opportunity to help deliver the airport of the future.”

For further information, please visit www.aurrigo.com

Aurrigo International plc marks Labor Day with launch of new office at Cincinnati/Northern Kentucky International Airport (CVG)

One of the world’s leading providers of smart airside solutions has launched its first operational office in the United States.

Aurrigo International plc, which is transforming the way cargo and baggage are autonomously transported around airports, has opened a dedicated facility at Cincinnati/Northern Kentucky International Airport (CVG).

Auto-DollyTug® at CVG

Located inside the Delta Cargo building at CVG, this site will house a new team responsible for the deployment of its Auto-DollyTug®, a fully electric tug that operates autonomously airside and delivers clients cost savings, increased efficiency and up to60% carbon reduction compared to traditional diesel tugs.

Daniel Garcia Jr has been recruited as Aurrigo’s first Autonomous Vehicle Safety Operator in the US and he will shortly be joined by more colleagues as Aurrigo is actively recruiting positions specialising in vehicle maintenance.

“This is a milestone moment for us in the United States, a vitally important market for our business and our global expansion,” commented Professor David Keene, CEO of Aurrigo International plc.

“The deal we signed in January to deploy Auto-DollyTug® at CVG has led to this dedicated office and new team.”

He continued: “It will provide the team with ease of access to the initial deployment, while also providing the opportunity to move forward on other potential ventures stateside.”

Auto-DollyTug® is an all-electric, autonomous vehicle that combines the utility of a baggage tractor, with the ULD (Unit Load device) carrying capability of an airport dolly all in one, making a more flexible and space efficient vehicle.

This means that a combination of an Auto-DollyTug® towing four trailers carries five ULDs, which is 30% more than a traditional tug set-up of the same overall length.

Aurrigo’s technology also incorporates robotic arms on the body, allowing the vehicle to autonomously load and unload a ULD itself, enabling a fully automated operation.

The project has begun set up and mapping, with operations soon to follow.

David concluded: “Many US airports are looking to push the boundaries of innovation to increase capacity and improve the passenger experience…Cincinnati/Northern Kentucky International Airport is the first of what we hope will be many adopting our technology.

“We are delighted to be increasing our presence in the US and creating jobs in the same week that this great country held its Labor Day.”

For further information, please visit www.aurrigo.com or follow the company on its social media channels.

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