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DGI Dg Innovate Plc

0.0825
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dg Innovate Plc LSE:DGI London Ordinary Share GB00BYQD5059 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0825 0.08 0.085 0.0825 0.0825 0.0825 5,763,805 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 651k -3.78M -0.0003 -2.67 10.05M

DG Innovate PLC Delivery of Industry-Leading 450kW Prototype Motor

01/11/2024 7:00am

RNS Regulatory News


RNS Number : 4981K
DG Innovate PLC
01 November 2024
 

1 November 2024

DG Innovate plc

 

("DG Innovate", "DGI" or the "Company")

 

DG Innovate Delivers Industry-Leading 450kW Prototype Motor

 

DG Innovate plc (LSE: DGI), the advanced research and development Company developing pioneering solutions in sustainable mobility and energy storage, is pleased to announce the successful delivery of a cutting-edge 450kW prototype motor to ATF funded Pareta® project partner, Meritor Electric Powertrain Systems (UK) Ltd (Meritor)*.

 

The new DGI manufactured motor weighs only 180kg, with industry-leading torque density and delivers continuous power with an impressive 97.3% measured efficiency when paired with DGI's inverter, and a 98.5% efficiency from the motor alone. These figures are a testament to a remarkable leap in performance and demonstrates industry leading efficiency.

 

Among the novel features of this motor is an innovative cooling method that ensures peak performance under extreme conditions, enhancing both reliability and longevity. Furthermore, the motor incorporates built-in redundancy through a parallel inverter architecture, providing an added layer of security assuring uninterrupted operational continuity.

 

Meritor will now commence in-house testing of the motor. Upon successful completion, the intention is to adopt the design into its ePowertrain offering aimed at OEM clients for heavy duty applications.

 

The successful delivery of this prototype motor not only reinforces DGI's position as a leader in sustainable mobility and energy storage but also provides multiple strategic advantages that can drive future growth and enhance market presence. The emphasis on innovation, efficiency, and reliability positions DGI to capitalise on emerging opportunities in an evolving industry landscape.

 

Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate, said:

 

"This significant milestone underscores the exceptional capabilities of our engineering team and reaffirms DGI's position at the forefront of motor innovation. The delivery of this advanced drive unit to Cummins-Meritor stands as a testament to the dedication and expertise of our engineering team. Our relentless pursuit of excellence guarantees that our clients receive the most advanced technology, along with the reliability and performance they have come to expect from DGI."

 

* A wholly-owned subsidiary of Cummins Inc. (NYSE: CMI)

 

Enquiries:

 

DG innovate plc

Peter Bardenfleth-Hansen (CEO)

Jack Allardyce (CFO)


C/O IFC

 




IFC Advisory (Investor Relations)

Tim Metcalfe

Zach Cohen


020 3934 6630

 

 



Grant Thornton UK LLP (Financial Adviser)

Samantha Harrison

Jamie Barklem

Ciara Donnelly


020 7383 5100

 






 

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