Establishment of New UK Hub Facility
Aurrigo International plc is relocating its global headquarters and core manufacturing to a new 130,615 square foot facility at Power Park in Coventry, significantly expanding its operational capacity. This move triples the size of its current UK facility and will serve as a hub for advanced engineering, autonomous vehicle development, and high-volume manufacturing, supporting a recently announced £6.28 million contract for 25 autonomous guided vehicles. The new site is projected to have the capability to manufacture up to 500 autonomous vehicles annually once fully operational, bolstering the company's international hub strategy and its ambition for scalable, capital-efficient growth.
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Facility to enhance advanced manufacturing, increase engineering capability and support international hub strategy
Aurrigo International plc (AIM: AURR), a leading international provider of autonomy software, fully autonomous vehicles and mobile robotics platforms, is pleased to announce the relocation of its global headquarters and core design and manufacturing centre to a new UK facility at Power Park in Coventry, marking a major milestone in the Company's growth and manufacturing capability.
The new site comprises 130,615 square feet, more than three times the size of Aurrigo's current UK facility, and will serve as its UK hub for advanced engineering, autonomous vehicle development, high-volume manufacturing and ongoing Automotive activities. The Board views the establishment of this hub as a key step in building a scalable platform to support long-term growth.
The expanded facility will support the delivery of the recently announced £6.28m contract with Ultra Global for 25 autonomous guided vehicles, demonstrating the importance of scaling manufacturing to meet increasing commercial demand.
The facility also complements the Company's recently announced international hub and licensing programme, which is designed to accelerate global commercialisation through local partnerships, funding and manufacturing support across Europe, the Middle East, South East Asia and the United States.
Once fully operational, and subject to customer demand, the facility is projected to be capable of manufacturing up to 500 autonomous vehicles per annum.
The Company expects to move its registered address to the Power Park site in due course. A further announcement will be made at such time in accordance with the AIM Rules for Companies.
Prof. David Keene MBE, CEO of Aurrigo International, commented:
"This new UK Hub Facility marks an important milestone for our business and our unwavering commitment to the UK. It significantly enhances our manufacturing and engineering capability, provides the capacity to scale in line with demand, and underpins our ambition to build a sustainable, capital-efficient platform for long-term growth. Importantly, it also gives Aurrigo space for an on-site autonomous vehicle test track, supporting in-house validation, customer demonstrations, and accelerated development cycles.
We are really pleased to have secured a new home in Coventry, just a few miles from our existing facility and, importantly, a place where we can create jobs for highly skilled people and the next generations of engineers and software specialists."
Investor Hub
For more information and the chance to have your questions directly answered by the management team, please head to our interactive investor hub via: https://investors.aurrigo.com/link/yzXv0r
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.