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INTERTEK GROUP PLC

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Intertek : Unveils Award Winning New Electric Vehicle Testing Centre of Excellence

11/25/2021 | 03:10am EST
Intertek Unveils Award Winning New Electric Vehicle Testing Centre of Excellence November 25, 2021
  • New EV Testing Centre formally opened in Milton Keynes, part of Oxford-Cambridge innovation arc
  • State-of-the-art facility awarded Automotive Testing Technology International's Engine Test Facility of the Year as Intertek picks up Company of the Year prize
  • Industry leading global EV capabilities encompassing complete electric vehicle testing, and powertrain systems such as electric motors, inverters, axle modules and all on-board electrical systems
  • • Rapid global transition to zero emission vehicles is vital to meet the goals of the Paris Agreement on climate change

Intertek Group plc ("Intertek", the "Company" or "Group"), a leading Total Quality Assurance provider to industries worldwide, today proudly announces the opening of its new double-award winning EV Centre of Excellence for high voltage EV propulsion systems in Milton Keynes.

Powered by the latest innovative technology, the state-of-the-art testing centre will further enhance Intertek's offering for customers in the automotive sector, helping manufacturers accelerate their equipment and systems capabilities in the fast-developing world of electric and hybrid vehicles.

The official ribbon cutting ceremony saw a number of leaders from the automotive industry attend, along with the Member of Parliament for Milton Keynes South, Iain Stewart, who welcomed Intertek's investment into the region. In addition, Intertek and the centre were awarded Automotive Testing Technology International's prestigious Company of the Year prize and Engine Test Facility of the Year, with both awards presented at the opening ceremony by the publication's editor, Rachel Evans.

The rapid development and global adoption of EV technologies, combined with technical challenges, government commitments to reducing emissions and continued investment in charging infrastructure mean that the demand for comprehensive, independently verified Total Quality Assurance solutions is growing rapidly within the automotive industry. With road transport accounting for over 10% of global greenhouse gas emissions, a rapid global transition to zero emission vehicles is vital to meet the goals of the Paris Agreement on climate change. EVs will offer huge opportunities as part of the 'Green Revolution' for jobs and growth, cleaner air, improved public health and enhanced mobility solutions.

At this new Intertek facility, clients will be able to access world-class technical expertise, pioneering innovation and leading services in one location. It supports their increasing need for fast, bespoke, expert testing services and rapid results together with the latest knowledge and experience of the changing industry landscape. As we accelerate at rapid pace into a more sustainable future, the automotive industry has a critical role to play in the energy transition and the EV Centre of Excellence will enable Intertek to build stronger relationships with clients, industry bodies and governments.

Intertek has been a force for good for over 130 years, bringing quality, safety and sustainability to life and is committed to playing its part to help address the effects of climate change. Connected to our BBEB movement, we will help inspire and inform the world's communities about the shift to a more sustainable and lower carbon economy as well as greater personal safety and wellbeing.

André Lacroix, Chief Executive Officer of Intertek, said: "With a tipping point having been reached, sustainability is the movement of our time and we are now accelerating towards a cleaner future of mass-market all-electric vehicles. When it comes to transportation and mobility, the future has already arrived. The EV industry has a pivotal role to play in the UK's and the world's transition to a low carbon economy and our new award winning, state-of-the-art facility will offer the world's leading automotive manufacturers a unique technology, innovation and experience centre with industry-leading, end-to-end ATIC services purpose built for the world's rapid global transition to zero emission vehicles.

Contacts

For further information please contact:

Ed Bridges/Sam Macpherson, FTI Consulting
Telephone: +44 (0) 20 3727 1000
scintertek@fticonsulting.com

Denis Moreau, Investor Relations
Telephone: +44 (0) 20 7396 3400
investor@intertek.com

About Intertek

Total Quality. Assured.

Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices and 44,000 people in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers' operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.

Our Customer Promise: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace, and passion, enabling our customers to power ahead safely.

intertek.com

Disclaimer

Intertek Group plc published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 08:09:02 UTC.


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Number of Analysts 22
Last Close Price 5 376,00 GBX
Average target price 5 910,20 GBX
Spread / Average Target 9,94%
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Managers and Directors
AndrÚ Lacroix Chief Executive Officer & Executive Director
Jonathan Timmis Chief Financial Officer & Executive Director
Andrew David Martin Chairman
Diane Bitzel Group Chief Information Officer
Graham Denis Allan Senior Independent Non-Executive Director
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