TIDMEQIP
Equipmake Holdings PLC
26 June 2023
RNS Reach
Equipmake Holdings plc
("Equipmake" or the "Company")
Equipmake agreement with H55:
Aerospace electric motor production term sheet with H55
Equipmake, the UK-based engineering specialist pioneering the
development and production of electrification products across the
automotive, aerospace, bus, and coach industries, is pleased to
announce that further to its announcement on 21 April 2023 where it
agreed a technology partnership with H55, a leading electric
aerospace propulsion company, the Company has now formally agreed a
term sheet with H55 for the provision of an aerospace electric
motor.
Overview:
-- This collaboration sees both companies build on considerable
technology development agreeing certified Electric Propulsion
System (EPS production partnership).
-- H55 intends to initially commercialise a 100kW fully
certified EPS, with Equipmake providing world-class motors based on
H55 specifications, and H55 the certified motor controller.
-- Follows initial supply of lightweight, power dense,
high-performance state-of-the art electric motors for prototype
electric aircraft.
-- Motors will be used by H55 for its customer project with BRM AERO, on a
two-seater electric trainer, the Bristell B23 Energic
aircraft.
-- Certification is planned for the end of 2024 with revenue
from sales for Equipmake expected from H1 2025.
-- Equipmake and H55 will expand the range of motors available,
with the next version already under development.
Commenting on the Agreement, Ian Foley, CEO, Equipmake said : "I
am delighted to build on our initial partnership with H55, to
partner for production on our lightweight, power dense electric
motors, developing certified electric propulsion systems for the
BRM Aero project. These will be utilised in a highly advanced
electric two-seater training aircraft."
Commenting on the partnership, André Borschberg, Executive
Chairman, H55 said : " I am pleased to see our collaboration taking
this important step, as we have many customers looking forward to
using this technology. This partnership is very complementary,
coupling Equipmake's experience in motor design and serial
production with H55's propulsion and battery expertise: all the
prerequisites for a successful collaboration."
Further Information
Announced at the Paris Air Show, the new term sheet builds on a
collaboration already in place - which has seen Equipmake supply
advanced electric motors to support H55 Electric Propulsion System
(EPS) development, with Equipmake and H55 partnering on
production-ready, certified EPS, with Equipmake supplying its
lightweight, power dense, high-performance state-of-the art
electric motors for use in electric aircraft.
Equipmake has been c hosen for its expertise in advanced
electrification technology and rapid manufacturing with the bespoke
high-performance motors created for H55 using its proprietary rotor
design, using Halbach array technology to deliver significant
advantages. Equipmake will support H55 on its customer program with
aircraft manufacturer BRM AERO, on the Bristell B23 Energic
aircraft, a two-seater electric trainer designed for flight schools
and pilot training, as the project advances from prototype
development to full manufacturing.
**ENDS**
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, Founder and CEO
Steven McGillivray, CFO
Panmure Gordon (Corporate Adviser & Joint Tel: +44 (0) 20 7886
Broker) 2500
John Prior / James Sinclair-Ford / Freddie
Twist
Hugh Rich / Sam Elder
VSA Capital Limited (Joint Broker) Tel: +44 (0) 20 3005
Simon Barton / Alex Cabral 5000
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236
Susie Geliher / Paul Dulieu 1177
equipmake@stbridespartners.co.uk
About Equipmake
Equipmake has more than 20 years' experience developing and
integrating industry-leading innovative electric powertrains. It
provides the complete solution. Not only is Equipmake a leader in
ultra-high-performance electric motors, but also complete EV
drivetrains and ultra-fast power electronic systems. As well as
developing proprietary technology - from motors to inverters - it
also offers EV consultancy.
CEO Ian Foley is a highly-experienced engineer who has worked at
the pinnacle of global motorsport - from Le Mans to F1 - and
Equipmake's team of expert engineers can take a project from
initial specifications through modelling, simulation, design,
prototyping, testing and then production in tight timescales.
Using this expertise, Equipmake has become a global leader in
the repowering of buses - most recently completing an all-electric
repower of the New Routemaster, as well as partnering with First
Bus to upgrade its fleet - while the company has also expanded into
the electrified aerospace sector, providing state-of-the-art
electric motors for Gilmour Space Technologies' rockets, as well as
in VTOL. Equipmake also continues to supply leading technology to
electric sports car and hypercar projects too.
About H55
H55 is the leading provider of electric propulsion solutions and
battery pack systems. The Swiss based company is the technological
spin-off of Solar Impulse, the first electric airplane to fly
around the world, breaking 14 world records in distance, altitude,
and duration. With 19 years of experience, and having built and
flown 4 electric planes, the H55 team is able to solve and provide
solutions to the complex challenges of certification and aircraft
integration. H55 is the first and only company with a certified
design and production organization (EASA/FOCA) and the company's
modular systems, which have proven itself in real flight
conditions, can be integrated in different types of aircraft and
configurations.
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END
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June 26, 2023 02:00 ET (06:00 GMT)
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