TIDMDGI

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(R) 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(R) 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(R) 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(R) 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) 
  Samantha Harrison 
  Jamie Barklem 
  Ciara Donnelly                              020 7383 5100 
 
 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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September 05, 2023 02:00 ET (06:00 GMT)

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