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:
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DG
Innovate plc
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C/O IFC
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Peter Bardenfleth- Hansen
(CEO)
Jack Allardyce (CFO)
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IFC
Advisory (Investor Relations)
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020 3934 6630
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Tim Metcalfe
Zach Cohen
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FGS
Global (Public Relations)
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020 7251 3801
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Rollo Head
Gordon Simpson
Alessandro M Rubin
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Grant Thornton UK LLP (Financial Adviser)
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020 7383 5100
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Samantha Harrison
Jamie Barklem
Ciara Donnelly
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Cavendish Capital Markets Limited (Corporate
Broker)
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020 7220 0500
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Adrian Hadden / George Lawson
(Corporate Finance)
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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