RCS - DG Innovate PLC - DGI showcases EV solutions at CENEX-LCV 2023

DG InnovateAnnouncement

05/09/2023 07:00

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RNS Number : 3408L  DG Innovate PLC  05 September 2023

REACH

 

5 September 2023

DG Innovate plc

 

("DG Innovate" or the "Company")

 

DGI showcases comprehensive EV solutions at CENEX-LCV 2023

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
will be showcasing a comprehensive package of products and solutions for
designers, manufacturers and operators of electric vehicles ("EVs") at
CENEX-LCV 2023, the UK's premier exhibition and conference devoted to
low-carbon vehicle and fuel cell technologies.  CENEX-LCV 2023 is being held
on 6 and 7 September 2023 at UTAC Millbrook, near Bedford, UK.

 

DG Innovate will be highlighting its E-Axle for buses and other heavy
vehicles, which has been developed in collaboration with BRIST Axle Systems
S.r.l.  This is a complete assembly with the Company's fully integrated
Pareta(®) motor and drive.  It is a plug-and-play solution for axles with up
to 13 tonne ratings and is suitable for both retrofit and new build
applications.  A key benefit is that the integrated design frees up more
space for batteries, allowing vehicles to achieve greater range.

 

Also on show for the first time will be DG Innovate's Pareta(®) fleet
monitoring and tracking system, which provides powerful cloud-based tools for
EV fleet management.  The system continually shows the location of all
vehicles in the fleet on a map-based display, and, simply by tapping the
relevant vehicle icon, the user can instantly call up performance data and
energy level.  Data is also stored for later analysis to allow comparisons
between vehicles and between drivers.

 

Another innovation on the DG Innovate stand at CENEX-LCV 2023 will be a
software package that simulates EVs and allows them to be virtually driven
over user-defined terrain so that the performance of various drive options can
be evaluated and compared.  At the exhibition, this software has been
partnered with a driving station to provide live demonstrations.

 

To complement its new introductions, DG Innovate is showing motors and
inverters from its Pareta(®) range.  These use a unique segmented
architecture that splits the inverter and the torque producing elements into
multiple segments.  This provides numerous benefits, including improved
efficiency, enhanced thermal characteristics, operation from safer low voltage
supplies and class-leading mass and volumetric power density.  In addition,
Pareta(®) drives offer unmatched fault resilience as, if a segment fails, the
drive continues to operate normally except for a slight reduction in maximum
torque.

 

For further information please contact:

 

 DG Innovate plc                            C/O IFC
 Peter Tierney, CEO                          

 Jack Allardyce, CFO
                                             
 IFC Advisory (Financial PR & IR)           020 3934 6630
 Tim Metcalfe                                

 Zach Cohen
                                             
 Grant Thornton UK LLP (Financial Adviser)  020 7383 5100

 Samantha Harrison                            

 Jamie Barklem

 Ciara Donnelly
                                             
 Peterhouse (Joint Broker)                  020 7469 0930
 Rose Greensmith                             

 Duncan Vasey

 Lucy Williams
                                             
 WH Ireland (Joint Broker)                  020 7220 1666
 Chris Hardie                                

 

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