RCS - DG Innovate PLC - Ex-Tesla electric motor design engineer appointed

DG InnovateAnnouncement

03/05/2024 07:00

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RNS Number : 1538N  DG Innovate PLC  03 May 2024

3 May 2024

DG Innovate plc

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

Appointment of ex-Tesla electric motor design engineer on consultancy basis

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 is joining the Company as a consultant. 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.

The Company believes the addition of Pierre will significantly enhance its
technical capabilities as it continues apace with the development of its
Pareta® e-drives, including for the proposed Indian joint venture with EVage
Motors, for which a Memorandum of Understanding (MoU) was recently announced.

Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate, said: "I am
delighted to have another former Tesla colleague onboard. Pierre's motor
designs have helped revolutionise the industry and with the addition of his
skill set, we believe DGI will be able to deliver on start of production of
our Pareta® electric drives on an accelerated timescale."

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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