A 1st tranche has been awarded as part of the Tuas Megaport project in Singapore
HERICOURT, FRANCE - EQS - 25
March 2019 - GAUSSIN
Manugistique (EURONEXT GROWTH FR0010342329) has
announced that its 100% autonomous, 100% electric AGV PERFORMANCE® 65 tons vehicle
has been selected by the operator of the port of Singapore for its Tuas
Megaport extension project.
A firm order for a 1st tranche of 86 AGV PERFORMANCE®
vehicles has been received by ST Engineering Land System, Gaussin's partner and
licensee for the territory of Singapore.
This emblematic contract from one of the world's
leading port operators validates the technological advance, know-how,
robustness and reliability of the Gaussin autonomous patented vehicles trialled
in Singapore since 2018.
This order for 86 AGV PERFORMANCE® will generate turnover for
GAUSSIN from the 1st half of 2019 via the licence granted to ST Engineering
Land System, the latter financing the entire project.
The Tuas Megaport
project, which is intended to provide Singapore with state-of-the-art port
infrastructure, will double its capacity to 65 million containers (TEU) shipped
annually in the medium term, and will eventually increase this figure to 100
A total of 2,000
AGVs will be needed for the 1st phase, and regular invitations to tender will
be issued over a period of 10 years.
GAUSSIN announced at the beginning of last October (cf. press release dated 2 October 2018)
the signing of an exclusive 20-year contract - until 2038 -, including an
upfront fee and royalties on future sales, with the land systems division of ST
Engineering, a Singapore-based multinational specialising in defence and
engineering technology listed on the Singapore stock exchange, enabling it to
manufacture, promote, distribute and sell the ultra fast-loading FULL ELEC AGV
PERFORMANCE® vehicles in Singapore.
Terminal Expo London, from 26 to 28 March 2019 (Siemens Hall S1-10, Stand 2010)
Paris from 26 to 28 March 2019
Asia Singapore, 9 and 10 April 2019 (Gaussin-ST Engineering stand, Stand E20)
Airport Show from 29 April to 1 May 2019 (Stand 5450)
* This document may
contain forward-looking information. Such forward-looking information refers to
future prospects, developments and strategies of Gaussin Manugistique and is
based on an analysis of expected future results and estimates of amounts that are
not yet determinable to date. Forward-looking information naturally contains
elements of risk and uncertainty relative to events and therefore dependent on
circumstances which may or may not occur in the future. Gaussin Manugistique
draws your attention to the fact that forward-looking information provides no
guarantee concerning its future performance or financial situation, financial
results or trends in the sector in which Gaussin Manugistique operates, and
which may significantly differ from those proposed or suggested in the
forward-looking statements contained in this presentation. Furthermore, even
though the financial position of Gaussin Manugistique, its performance and
trends in the sector in which Gaussin Manugistique operates comply with the forward-looking
information contained in this presentation, such performance or trends may not
be a reliable indication of the company's future performance or prospects.
Gaussin Manugistique is not committed to updating or confirming analysts'
expectations or estimates or to publicly correcting any information or event in
order to reflect an event or circumstance eventually occurring following this
Gaussin Manugistique® is
specialised in the auditing of handling processes and the development of
wheeled handling systems used to place and transport heavy, bulky or fragile
loads. With more than 50,000 vehicles worldwide, GAUSSIN Manugistique boasts a
strong reputation in four fast-expanding markets: Energy, Transport, the
Environment and Raw Materials. Gaussin Manugistique® has been listed on
Euronext Growth in Paris since 16 June 2010. Gaussin shares have been listed in
the E2 trading group (public offering) since 20 July 2012, after AMF approval
12-360 was secured on 17/07/12 for the prospectus, available free of charge
About ST Engineering Land Systems
Engineering is a global defence technology and engineering group specialising
in the aerospace, electronics, land systems and marine sectors. Incorporated in
1997 and headquartered in Singapore, ST Engineering ranks among the major
companies listed on the Singapore Exchange, and is one of Asia's leading
Engineering relies on a global network of subsidiaries and related companies
with approximately 22,000 employees serving customers in Asia, the Americas,
Europe and Oceania.
A leader in each of its
core businesses, ST Engineering contributes innovation and technology to create
multi-disciplinary, intelligent engineering solutions for its defence,
government and business applications customers.