AIREA plc announced a £5.0 million investment in its manufacturing facility in Ossett, West Yorkshire, scheduled to commence in March 2024, with completion of the full programme expected in early 2025. The investment will be funded from a combination of current cash reserves, utilization of existing banking facilities and supported by the Group's continued cash-generative operating activities. The focus of the investment will be on the manufacturing facility and will substantially increase capacity and include the automation of certain processes using the latest cutting-edge Artificial Intelligence imagery and inspection technology.

The benefits of the investment will help to increase production and improve operational efficiencies. This new facility will also improve the Group's sustainability credentials by utilizing energy more efficiently, increasing volume throughput to meet customer demand and future requirements.