TIDMEQIP
RNS Number : 4113F
Equipmake Holdings PLC
10 July 2023
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR").
Equipmake Holdings plc
("Equipmake" or the "Company")
Supplies Cutting Edge E-Drivetrain for Luxury Long-Range
Electric Flying Boat
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 it has supplied an advanced e-drivetrain system for a
world-first long-range electric flying boat.
F or the project, Equipmake designed, developed, and
manufactured a fully electric drivetrain, featuring a specially
adapted version of its lightweight, power dense, high-performance
motor and gearbox, and an Equipmake inverter and custom battery
pack.
Working in collaboration with modern classic yacht design and
build experts Spirit Yachts, and advanced marine engineering
specialist BAR Technologies, the purpose built 35ft
SpiritBARTech35EF electric flying boat utilises active retractable
foils to raise the boat's hull above the water to minimise drag and
create a fast-cruising range of approximately 100 nautical miles at
22 knots.
The project is the first time Equipmake's electrification
products and expertise have been applied to the rapidly growing
electric marine market, which is estimated to be worth $16.6
billion by 2030[i]. Following the success of the project, Equipmake
and BAR Technologies are exploring further opportunities to
collaborate and increase the potential market for Equipmake's
products in BAR Technologies' systems.
Ian Foley, CEO, Equipmake said: "We are extremely proud to have
played a key role in the development of this incredible electric
flying boat, which truly sets new standards for long range electric
vessels. Our in-house developed electrification technology has many
varied high-performance applications, from aerospace to automotive,
and the SpiritBARTech35EF is the perfect showcase for how it can be
applied to the rapidly growing electric marine market."
John Cooper, CEO, BAR Technologies said: "We firmly believe that
the future of the marine sector will be defined by developments in
the sustainability and efficiency of vessels. We have been
delighted to partner with Equipmake on its remarkable powertrain.
Ian Foley and his team are true leaders in the field of
electrification and share our ethos of lightweighting and
competition-bred design and development. We look forward to
exploring further opportunities to work together."
**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 is the UK-based engineering specialist pioneering the
development and production of electrification products to meet the
needs of the automotive, aerospace and other sectors in support of
the transition from fossil-fuelled to zero-emission
powertrains.
Equipmake is a leader in ultra-high performance electric motors
and complete EV drivetrains and ultra-fast power electronic
systems. As well as developing proprietary technology - such as an
ultra-compact, lightweight high performance spoke motor - it also
offers industry-leading EV consultancy.
Equipmake has developed a vertically integrated solution
providing fully bespoke solutions. The Company has built a
significant pipeline of opportunities, as demand for electric
vehicles increases as part of the global decarbonisation
movement.
About BAR Technologies
With an impressive heritage, having originally spun out from the
former British, America's Cup Team, BAR Tech provides a wide range
of design and engineering consultancy services with a focus on 4
key sectors; Workboats and Commercial Vessels, Shipping, Special
Projects and Leisure Marine and Yachts.
BAR Technologies offer a cohesive team of world lead naval
architects and optimisation specialists; fluid dynamists;
mechanical, structural and composite engineers; control strategy
and system specialists; they offer data and simulation engineers
with access to the latest commercial knowledge, using bespoke
in-house design tools.
For more details please visit:
https://www.bartechnologies.uk/
About Spirit Yachts
Spirit Yachts is the world leader in modern classic yacht design
and build. Based on the east coast of the UK, Spirit Yachts has a
portfolio of customised, wooden sail and power yachts ranging from
day sailors to superyachts.
Established in 1993, Spirit Yachts was founded by Sean McMillan
and Mick Newman, who set out to offer yacht owners a beautiful,
unique, and sustainably sourced alternative to fibreglass
production boats. This goal remains at the core of the company's
ethos today.
From humble beginnings in the Suffolk countryside, Spirit Yachts
now operates from a large waterside facility in Ipswich with a
highly skilled team of designers, naval architects, boat builders,
cabinet makers, electricians, and engineers.
Built using the highest quality, sustainable timber and
incorporating the latest technology, Spirit yachts are designed and
commissioned to suit an owner's individual criteria. Every Spirit
is unique.
Passionate about sustainability, Spirit Yachts has won
international awards for its commitment to lowering the carbon
footprint of the company and its yachts during construction,
operation and at end of life.
www.spirityachts.com
[i] https://www.skyquestt.com/report/electric-boat-market
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END
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