Aurrigo International sees strong growth in autonomous division in first half
Coventry-based Aurrigo International plc, a specialist in automated ground handling technology for baggage and cargo, said it had seen strong growth in its autonomous business in the first half of the year.
The AIM- listed tech group said £800,000 of revenue had been generated in the first half in autonomous solutions alone (a 160% rise), with the promise of annual sales touching £3 million by the end of December.
READ MORE: Coventry's Aurrigo secures £1.5m auto contract
It comes after accelerated uptake of its Auto-Sim digital twin product and its all-electric Auto-DollyTug being deployed at five global airports.
Professor David Keene, CEO of Aurrigo International plc, said: "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.”
The company noted that it had also invested heavily in scaling up its UK team at its Advanced Engineering Centre in Coventry, bolstered its operation in Singapore and opened a new office in the US at Cincinnati/Northern Kentucky International Airport.
Keene added: "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."
