Equipmake Holdings Plc

Management Reports • Apr 10, 2025

National Storage Mechanism | Additional information

RNS Number : 4127E

Equipmake Holdings PLC

10 April 2025

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"). 

10 April 2025 

Equipmake Holdings plc

("Equipmake" or the "Company")

£368,000 Purchase Order from Gilmour Space Technologies

Follow-up order underlines growing relationship and confidence in Equipmake's technology as Gilmour prepares for maiden launch of Australian orbital rocket

Equipmake, a market leader in engineering-driven differentiated electrification technologies, products, and solutions for the automotive, truck, bus, aerospace, and speciality vehicle industries, is pleased to announce it has received a further purchase order (the "Purchase Order") from Gilmour Space Technologies ("Gilmour Space"), an Australian launch services company developing hybrid-propellant rocket engines and associated technologies for satellites launches.

Highlights:  

·      Under the terms of the Purchase Order, Equipmake will supply additional electric motors and inverters to Gilmour Space.

·   The £368,000 Purchase Order represents a significant endorsement of Equipmake's advanced electrification technology and its capability to perform in one of the most demanding technical environments.

·     This follow on order comes as Gilmour Space prepares for the maiden flight of Eris, the first Australian-designed and built rocket aiming for orbit, which is scheduled for launch later in 2025. Eris utilises Equipmake's cutting-edge electric motor technology.

The Purchase Order builds on Equipmake's existing relationship with Gilmour Space, which dates back to 2020. Since then, during which Gilmour Space has tested and validated Equipmake's electric motor technology across multiple development stages. This further order reflects strong confidence in the performance, reliability and power density of Equipmake's solutions, and reinforces the Company's growing presence in the aerospace sector.

With Eris preparing for its maiden flight, this milestone also demonstrates how Equipmake's cutting-edge electrification technology is helping power the next generation of space innovation. In an industry where every component must be tested to the limit and precision and reliability are critical, Equipmake's technology has proven to be equal to the challenge.

Ian Foley, CEO, Equipmake said : "We proud to continue supporting Gilmour Space in its mission to advance space launch capabilities. This follow-on order is a strong endorsement of the performance and reliability of our electric propulsion technology, particularly in the demanding of operating environments. As Gilmour Space prepares for the maiden flight of Eris, a landmark moment for Australia's space industry, we are honoured that we will be playing a part in such an historical achievement. This collaboration demonstrates the global relevance of our technology, and we look forward to deepening our relationship with Gilmour Space and exploring new opportunities within the aerospace sector."

**ENDS**

For further information, please contact:   

Equipmake   Clive Scrivener, Non-Executive Chairman  Ian Foley, CEO	Via St Brides Partners
VSA Capital (Financial Adviser, Aquis Corporate Adviser and Broker)   Simon Barton / Brian Wong	Tel: +44 (0) 20 3005 5000
St Brides Partners (Financial PR Adviser)    Susie Geliher / Paul Dulieu / Will Turner	Tel: +44 (0) 20 7236 1177 [email protected]

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.  

About Gilmour Space

Gilmour Space is a venture-capital-backed Australian launch services company that is developing new capabilities for launching satellites to space.

Since starting its rocket program in 2015, Gilmour Space has become the leading provider of Australian-made launch vehicles and satellite platforms that will lower the cost of accessing space.

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