Here you will find the most important Press Releases about the Company, about our industrial activity, new developments in engineering and the latest news about the sectors in which we operate.
Airtificial signs a contract for 3 million with Textron to manufacture specialized vehicle structures
Airtificial reinforces its relationship with another mobility giant, which joins its client portfolio. Textron, a quoted American multi-industrial company, valued at 14,000 million dollars, with companies such as Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat, among others, and a team of 35,000 people around the world, once again relies on Airtificial for the manufacture of its specialized vehicles. Airtificial, the only listed Spanish company in artificial intelligence, has just signed its second contract, for a total of approximately three million euros spread over the next three years, with Textron for the mass production of structures for specialized vehicles. The Company repeats with Textron and reinforces its position as a Tier 2 and reference supplier, after signing a contract a year ago for the manufacture, production and assembly of parts for specialized vehicles.
This morning, Airtificial’s board of directors approved a capital increase of no less than 15 million euros, fully guaranteed by Black Toro Capital and the main shareholders in order not to slow down the pace of the Company’s growth, mainly in the Intelligent Robots business unit, recently included in the CEPYME 500 index. Airtificial with its Intelligent Robots unit has been considered by the Spanish Confederation of Small and Medium Enterprises as one of the Spanish companies leading the business growth, both for its results and its capacity to generate added value, employment, innovation and international projection.
Madrid, May 9, 2019.- Airtificial, the only Spanish company listed for artificial intelligence, is promoting an Efficiency and Optimization Plan that focuses on profitability and the generation of operating cash that is already bearing fruit, as evidenced by the evolution of its financial figures. Thus, the Company closed the first quarter of the year, its first full operating quarter after the ringing of the bell on November 26, in positive terms, with revenues of 21 million euros and an EBITDA of 0.4 million euros. Half of the turnover comes from the Intelligent Robots business line, which has managed to enter 10.8 million in three months with the marketing of collaborative robotics for the automotive sector. In addition, the order book, already signed for the rest of 2019, exceeds 63 million which gives excellent visibility for the whole year.