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").
19 February
2025
Equipmake Holdings plc
("Equipmake" or the "Company")
Development Agreement With JCB
Equipmake,
a market leader in engineering-driven differentiated
electrification technologies, products and solutions across the
automotive, truck, bus and speciality vehicle industries, is
pleased to announce it has signed a development agreement (the
"Agreement") with J.C. Bamford Excavators Limited ("JCB"), the
British multinational manufacturer renowned for its construction,
agriculture, waste handling, and demolition equipment.
Highlights:
· Equipmake will apply its expertise
in electrification
systems integration and collaborate on developing a bespoke power
electronics package to support JCB's innovative new product
development.
· The Agreement is for an initial six-month
development period.
The
Agreement represents a significant opportunity for Equipmake to
deepen its relationship with JCB, a global leader with annual
revenues of £6.5 billion and a presence in over 150 countries. By
demonstrating its engineering prowess and delivering on this
project, Equipmake has the potential to secure additional
workstreams with JCB and tap into the company's extensive portfolio
of products, amplifying the impact of its electrification solutions
across multiple sectors.
Ian Foley,
CEO, Equipmake said: "This partnership with JCB underscores the
strength of Equipmake's electrification expertise and our ability
to deliver cutting-edge solutions tailored to the needs of industry
leaders. JCB's commitment to innovation aligns perfectly with our
mission to drive the electrification of vehicles across diverse
sectors, and we're delighted to be assisting them on the
development of their next generation of products."
**ENDS**
For
further information, please contact:
|
Equipmake
Clive Scrivener, Non-Executive
Chairman
Ian Foley, CEO
|
Via St Brides Partners
|
|
VSA Capital (Rule 3 and Financial
Adviser, Aquis Corporate Adviser and Broker)
Andrew Raca / Simon
Barton
|
Tel: +44 (0) 20 3005 5000
|
|
St Brides Partners (Financial PR
Adviser)
Susie Geliher / Paul Dulieu / Will
Turner
|
Tel: +44 (0) 20 7236 1177
equipmake@stbridespartners.co.uk
|
About Equipmake
Equipmake is a UK-based industrial technology company specialising in the
engineering, development and production of electrification products
to meet the needs of the automotive and other
sectors in support of the transition from fossil-fuelled to
zero-emission drivetrains.
Equipmake is a leader in high
performance technologically advanced electric motors, inverters and
complete zero-emission electric drivetrains and power electronic
systems. Equipmake has developed a
vertically integrated solution providing fully bespoke solutions to
its customers. The Company is focussed on accelerating traction
with OEM and Tier 1 suppliers in relation to higher margin
component and drivetrain supply under long-term growth
contracts.
Key differentiators of the Company
offerings are its advanced technology and performance, reliability
and adherence to ASIL-D2 functional safety. Equipmake's
advanced motor and inverter technology, featuring ASIL-D
compliance, are designed to customers' highest Functional Safety
standards. With decades of experience in electric drivetrain
integration and a dedicated prototype vehicle testing facility,
Equipmake can significantly accelerate product development for
customers.
2 Automotive Safety Integrity Level ("ASIL") is a risk
classification scheme defined by the ISO 26262 - Functional Safety
for Road Vehicles standard and is a critical requirement for road
vehicles. Of the four ASILs identified by the standard, ASIL-D
dictates the highest integrity requirements on the product, which
require exceptional rigour in their development.
