Dg Innovate Share Discussion Threads

[cutthecrap] 25/2/2023 10:12

Either he goes now or we vote him out.

[turbotrader2] 24/2/2023 20:21

He's a total freak! More cheese than cathedral city!!

[cutthecrap] 24/2/2023 10:56

that's more like it. Still have the problem of dead wood on the board. Time for Tierney to get his pruning shears out and get rid of the pointless Monaco Estate agent.

[pugugly] 23/2/2023 11:47

WHI Note available on Research Tree - Puts more meat on the bones but no change to forecasts and notes risks remain notably on funding and timing.
Now to go back to sleep.

[pugugly] 23/2/2023 09:45

Feasible. Yes But who is paying for the necessary development -

[sleveen] 23/2/2023 09:34

As a minimum, the deal shows the tech is feasible and not pie in the sky pure research.

[pugugly] 23/2/2023 09:11

Just checked of the web - Both companies appear to be private and unlisted,

[czar] 23/2/2023 07:56

This has just moved two steps closer to becoming a massive winner. I don't expect a huge reaction today because so few people are watching but two tier one industry players taking on the Pareta Drive is a game changer IMHO

[pugugly] 23/2/2023 07:54

Nothing on finance - Nothing on funding - Anyone done any research on the other 2 participants?

Jury still out IMO - May get a short term bounce pending fuller details.

[1stocktracker] 23/2/2023 07:21

Incredible news guys new highs incoming for sure you wont get in here cheap at open

[tomboyb] 23/2/2023 07:17

K Regulatory (RNS & others)

Dg Innovate (LSE:DGI)
Intraday Stock Chart

Thursday 23 February 2023

Click Here for more Dg Innovate Charts.
TIDMDGI

RNS Number : 7711Q

DG Innovate PLC

23 February 2023

23 February 2023

DG Innovate plc

("DG Innovate" or the "Company")

Collaboration Agreement

DG Innovate (LSE: DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy storage, is pleased to announce that the Company has signed a Collaboration Framework Agreement (the "Agreement") with tier one commercial vehicle and off-highway axle suppliers, BRIST Axle System S.r.l. ("BRIST") and BASE Studio Arge ve Teknoloji Sanayi A.S. ("BASE"). The Agreement reflects the desire of all three parties to collaborate, in order to establish a significant position in the growing heavy vehicle electric drivetrain market. A particular focus of the Agreement involves the electrification of Brist and BASE's existing axle ranges, using DG Innovate's electric drive motors and associated control systems.

BRIST, based in Italy, is a full system supplier of axles, both rigid and independent suspension, and transmissions for vans, trucks and buses. Its products include transmissions for use with electric motors that can be tailored for use with DG Innovate's Pareta(R) range. Further information on BRIST may be found at: hxxps://bristaxle.com

BASE, headquartered in Turkey, designs, engineers and manufactures heavy-duty and off-highway vehicle products, including independent suspension drive axles, rigid drive axles, transfer cases and complete 4x4 rolling chassis systems equipped with its own axles and transfer cases. Further information on BASE may be found at: hxxps://basestudio.com.tr

The key focus areas for the collaboration under the Agreement will be as follows:

-- The collaboration will develop and integrate DG Innovate's innovative Pareta(R) motor technology into the current range of BRIST and BASE axles to provide a turnkey offering, with focus on commercial vehicles, buses, coaches, military and specialty vehicle axles globally.

-- DG Innovate will provide BRIST and BASE its existing vehicle control and torque vectoring system which will allow the partners to accelerate the penetration of the product in the market sectors identified.

-- All three partners will use their collective expertise to accelerate activities in the retrofit and conversion market from diesel power to full electric drivetrain systems on commercial vehicles, buses, coaches, military and specialty vehicles.

-- DG Innovate will provide UK 'in country' presence for sales and customer support.
-- DG Innovate to assemble BRIST and BASE axles within the UK in due course, with the partners to support the establishment of operations within the UK when volumes and subsequent commercial benefits are appropriate.

Commenting, Remzi Oduncu, Co-founder and Managing Partner of BRIST and BASE, said: "We are very pleased to have signed this agreement and are excited to be working with DG Innovate. Both BRIST and BASE are at the forefront of technical innovation with a rapidly growing market presence. We believe that by collaborating with DG Innovate we can generate significant new opportunities for all parties in our chosen sectors."

Commenting, Peter Tierney, Chief Executive Officer of DG Innovate, said: "We are delighted to have signed this collaboration with BRIST and BASE, which is intended to accelerate DG Innovate's transition to becoming a full-scale commercial supplier. Both have a significant existing market presence in our key target areas of heavy commercial and speciality vehicles, including military. The collaboration is expected to provide DG Innovate with an accelerated route to market for our Enhanced Drive Technology, together with the ability to offer a much broader product offering, encompassing full drivetrain systems. These systems will be applicable both for new vehicles and in the retrofit market.

"This collaboration is complimentary to other relationships we already have and I look forward to providing further updates in due course as matters progress."

For further information please contact:


DG Innovate plc C/O IFC

[cutthecrap] 21/2/2023 11:27

The silence is deafening. Or have people just given up on this? Apart from passing the trough around from time to time to feed the over-bloated board there is nothing by way of news.

[cutthecrap] 19/2/2023 12:15

A month on and still no mention of Tierney's option repricing, nothing on anyone vaguely interested in the technologies. Meanwhile they have a lot of mouths being fed on the Board. Who the hell is this Trevor Gabriel? Looks like a Monaco based estate agent. What possible purpose does he serve?

[czar] 07/2/2023 19:01

Yes you are right they did find a very good company to reverse in, so credit to them for that.

[cutthecrap] 07/2/2023 09:32

Czar, almost correct IMHO. Tierney's package was not "inherited" from Path; he joined post deal and would have negotiated his own package. Yes, he is realigning his options, but tbh given that he has been in the job for 7 months with no apparent progress (or news) this is not unreasonable, particularly with fresh money having gone in at a lower price recently. Your comment about previous management and shareholders is misguided at best. Without them the company was bust, and I for one think they did a great job, and a great deal.

[czar] 06/2/2023 16:29

FF isn't it Path that you have an issue with, what have you got against Peter Tierney, he has a very impressive cv and is changing the option package inherited from Path to align with current shareholders. Path came about in a totally different market and attracted, what some would say was, dubious management and 'quick buck' shareholders. It hasn't worked out very well but they do seem to have found a very exciting prospect in DGI operating in the right space, that is what I'm backing.

[fatfish] 06/2/2023 16:16

IMHO wouldn't touch it with a barge pole

Glad it's going up though It might be worth enough to buy a coffee

[czar] 06/2/2023 07:41

"DG Innovate's long-term relationship with the UK Ministry of Defence also continues to develop positively.

The Company continues to explore multiple potential routes to market for its Enhanced Drive Technology, and in addition to ongoing commercial discussions with its existing collaboration partners, it has recently entered into positive dialogue with new potential customers and partners concerning both product supply and partnerships. These include another Tier 1 supplier to the global commercial vehicle sector and a number of systems integration companies."

DGI is worth many times the current market cap IMHO.

[turbotrader2] 05/2/2023 21:20

Gaps up coming DYOR

[fatfish] 03/2/2023 15:11

They have to get rid of all those shares some how

[pugugly] 03/2/2023 08:18

Possibly a pump and dump being developed. (The cynic)