9 July 2024

DG Innovate plc

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

Appointment of Non-Executive Director

DG Innovate (LSE: DGI), the advanced research and development company developing pioneering solutions in sustainable mobility and energy storage, is pleased to announce the appointment of Mark Carleton as an independent Non-Executive Director of the Company with immediate effect.

From 2003 to 2021, Mark held a number of senior executive positions at Liberty Media, including serving as Chief Financial Officer and leading Liberty's acquisition of Formula One. Prior to this, Mark was a Partner at KPMG, where he had overall responsibility for the communications sector and served on the Board of Directors.

Mark is currently a senior advisor to Mubadala Capital, which is part of the Abu Dhabi sovereign wealth fund. He also sits on the Board of Reef Technology, the largest operator of parking real estate and delivery kitchens in North America, and serves as Chairman of the Limited Party Advisory Committee of Alignment Growth Fund I LP, a growth stage investment fund focused on the media and gaming sectors.  He holds a bachelor's degree in Accounting from Colorado State University and is a Certified Public Accountant (retired).

Following Mark Carleton's appointment, the Board of the Company comprises: Nicholas Tulloch (Non-Executive Chairman), Peter Bardenfleth-Hansen (Chief Executive Officer), Christian Eidem (Executive Director), Jochen Rudat (Executive Director), Jack Allardyce (Chief Financial Officer), Sir Michael Fallon (independent Non-Executive Director), Mark Carleton (independent Non-Executive Director), Peter Tierney (Non-Executive Director) and Trevor Gabriel (Non-Executive Director).

Commenting, Nick Tulloch, Chairman of DG Innovate, said: "I am delighted to welcome Mark to the DG Innovate Board, and I look forward to working with him. Mark has overseen a number of significant acquisitions, and his extensive M&A and global investment advisory experience will be hugely beneficial to DGI as we progress our journey to build a significant company in the sustainable mobility sector."

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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