REG - DG Innovate PLC - Appointment of Chief Technical Officer

DG InnovateAnnouncement

12/06/2024 07:15

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RNS Number : 0461S  DG Innovate PLC  12 June 2024

12 June 2024

DG Innovate plc

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

Appointment of Chief Technical Officer

DG Innovate (LSE: DGI), the advanced research and development company
developing pioneering solutions in sustainable mobility and energy storage, is
pleased to announce that ex-Tesla electric motor design engineer Pierre
Pellerey has been appointed as the Company's Chief Technical Officer ("CTO"),
a non-board position.  Pierre was previously appointed as a consultant to the
Company, as announced on 3 May 2024.

Pierre holds a PhD in electrical and mechanical engineering and has over 15
years' experience in the design, optimisation and testing of electric motors
and drive systems through to production.  His motor designs are in more than
3 million electric vehicles, 10 million home appliances and 100,000
micro-mobility solutions.  Pierre was instrumental in the design of the Tesla
Model 3, Model Y, Model S Plaid and Semi motors.  He also played a key part
in the design of the V10 motor design during a three-year tenure with Dyson.

Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate, said: "I am
delighted that Pierre has agreed to become DGI's new Chief Technical Officer,
demonstrating his confidence in DGI's technology and commercial
opportunities.  Pierre has already added value to the Company since his
appointment as a consultant last month and I believe his appointment as CTO
will significantly enhance our ability to deliver on start of production of
our Pareta® electric drives on an accelerated timescale, with a world class
product.  Pierre's motor designs have already helped revolutionise the
industry and with him leading the DGI technical team as CTO I am confident
that DGI's products will be a significant advancement on anything available on
the market today."

For further information please contact:

 DG Innovate plc                                       C/O IFC
 Peter Bardenfleth- Hansen (CEO)

 Jack Allardyce (CFO)

 IFC Advisory (Investor Relations)                     020 3934 6630
 Tim Metcalfe

 Zach Cohen

 FGS Global (Public Relations)                         020 7251 3801
 Rollo Head

 Gordon Simpson

 Alessandro M Rubin

 Grant Thornton UK LLP (Financial Adviser)             020 7383 5100
 Samantha Harrison                                      

 Jamie Barklem

 Ciara Donnelly

 Cavendish Capital Markets Limited (Corporate Broker)  020 7220 0500
 Adrian Hadden / George Lawson (Corporate Finance)

About DG Innovate

 

DG Innovate is an advanced research and development company pioneering
sustainable and environmentally considerate improvements to electric mobility
and storage, using abundant materials and the best engineering and scientific
practices. DG Innovate is currently developing its products alongside a number
of major manufacturers across the transportation and energy sectors, research
institutions and the UK Government, and has filed numerous patents worldwide.
DG Innovate's current research and development activities are broadly split
into two areas, focusing on novel electric motor technologies and energy
storage solutions. Its two main products are:

 

- Enhanced Drive Technology (EDT) - High efficiency, cost-effective electric
motors + power electronics; and

- Enhanced Battery Technology (EBT) - Sodium-ion batteries offering a
sustainable energy storage solution at similar/greater energy density to
incumbent technologies at a lower cost, increased safety with lower
environmental footprint.

 

Further information may be found at: https://www.dgiplc.com
(https://www.dgiplc.com/)

 

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