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 million containers.


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.

 

Upcoming events 

Passenger Terminal Expo London, from 26 to 28 March 2019 (Siemens Hall S1-10, Stand 2010)

SITL Paris from 26 to 28 March 2019 

TOC Asia Singapore, 9 and 10 April 2019 (Gaussin-ST Engineering stand, Stand E20)

Dubai 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 presentation.

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