Aquis Stock Exchange Weekly Highlights 21/10/24

Equipmake Holdings PLC announced it has signed a manufacturing and supply agreement with Textron Ground Support Equipment Inc., a global manufacturer of airport ground support vehicles. Equipmake will supply its Zero Emission Drivetrain ("ZED") for use in Textron's Safeaero 220 airside de-icing vehicle. Textron plans to introduce the new Safeaero 220E, an electrified version of the de-icing vehicle, as part of its aviation ground support equipment range. Equipmake's electrification technology will play a key role in helping Textron meet its sustainability goals as it transitions to zero-emission products.

Matt Chaffin, Vice President and General Manager of GSE for Textron Specialised Vehicles Inc. said: “Partnering with Equipmake and integrating its advanced zero-emission electric powertrain into the Safeaero 220 further delivers on our mission of electrifying the next generation of dependable, efficient and high-performing ground support equipment. We are delighted to be working with Ian Foley and his team.” Read more

Inqo Investments Limited announced an investment in Empower Clean Cooking Limited as part of its Conservation and Rural Enterprise (CARE) Project in Uganda. The CARE Project aims to use an enterprise approach to tackle environmental and social issues in and around the Budongo Forest. Empower will produce biomass pellets for cooking fuel with operations managed by East Africa Power, a renewable energy developer and operator with hydro and solar plants across Africa. Production at Empower’s Budongo site is expected to commence in Q4 2024.

Dan Klinck, CEO of East Africa Power, commented: “This collaboration represents a significant milestone for Empower. With Inqo's investment and support, we are poised to make a substantial impact on the lives of many in Uganda by producing sustainable biomass pellets for cooking fuel.” Read more

Arbuthnot Banking Group PLC provided an update regarding the trading performance of the Group for the three months ending 30 September 2024. The Company highlighted that funds under Management and Administration exceeded £2bn for the first time with 18% growth in the first nine months of 2024. The Company noted that customer deposit balances finished the quarter at £3.8bn, despite significant deposit outflows from Banking into investment products provided by the Wealth Management division. Read more

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