REG - DG Innovate PLC - Cummins Pareta Collaboration

DG InnovateAnnouncement

18/11/2024 07:00

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RNS Number : 5323M  DG Innovate PLC  18 November 2024

18 November 2024

DG Innovate plc

 

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

 

Cummins Pareta® Collaboration

 

DG Innovate plc (LSE: DGI), the advanced research and development company
developing pioneering solutions in sustainable mobility and energy storage, is
pleased to announce that it has developed, in collaboration with Cummins Inc
("Cummins"), an innovative, novel electric actuator motor built on DGI's
proprietary Pareta® electric drive system.  With a dual motor/inverter
configuration, which offers built-in redundancy at the system level, the new
device offers both rotational as well as linear actuation.  This additional
application for DGI's Pareta® technology is ideal for safety-critical
applications in commercial vehicles, such as 'brake by wire'
electro-mechanical brakes, as a replacement for today's air actuated brakes.

 

This milestone follows the signing of a Joint Development Agreement with
Cummins in January 2024, with initial deliveries in June 2024.  DGI's
electric actuator brings numerous advantages over traditional systems,
including safety critical response times, seamless integration with modern
systems and vehicle architectures, improved packaging, precision, maintenance
efficiency, energy savings, and reduced environmental impact.  These benefits
are making DGI's Pareta® electric motor increasingly sought after in modern
vehicles for applications such as electric steering and braking, with a
special focus on advanced safety, efficiency, and ease of maintenance.

 

Thorough testing and validation of the electric motor is currently underway,
and once technically and ASIL-D certified, volume production is anticipated by
the Company to be substantial.

 

Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate said: "This
accomplishment in producing a new and innovative application of our Pareta®
technology is a testament to the DGI engineering team's dedication and
expertise. At DGI we are committed to pushing the boundaries of what's
possible, and this partnership with Cummins exemplifies our drive to bring the
most advanced and reliable technology to our clients."

 

Enquiries:

 

 DG innovate plc                              C/O IFC

 Peter Bardenfleth-Hansen (CEO)

 Jack Allardyce (CFO)

 IFC Advisory (Investor Relations)            020 3934 6630

 Tim Metcalfe

 Zach Cohen

 Grant Thornton UK LLP (Financial Adviser)    020 7383 5100

 Samantha Harrison

 Jamie Barklem

 Ciara Donnelly

 

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