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

 






 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCDFLFXZBLEFBX