DG Innovate PLC - Caerphilly, Wales-based electric mobility and energy storage company - Announces ‘transformative’ acquisition of new equipment to improve operations across business lines. Purchase includes jet mill and furnace to enhance development of energy storage products, as well as a motor pilot production line and 3D manufacturing simulation software. Says the latter will move it closer to achieving at-scale manufacturing of its Pareta electric drive system, ‘increasing current production from just a handful of devices per year to around 1,000.’ Long-term, it will enable DGI to employ ‘the most efficient production configuration’ as it further scales up production.
Chief Executive Officer Peter Bardenfleth-Hansen says: ‘The new equipment allows us to move complex processes in-house, bringing us closer to developing higher performance motors and more sustainable batteries.
‘This equipment will decrease turnaround time across R&D and manufacturing, and allow us to develop a market-leading product much faster. This shows growing momentum behind DGI’s technology and our ability to commercialise it at scale.’
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12-month change: up 21%
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