DG Innovate PLC Cummins Pareta Collaboration
November 18 2024 - 1:00AM
RNS Regulatory News
RNS Number : 5323M
DG Innovate PLC
18 November 2024
18 November 2024
DG Innovate
plc
("DG
Innovate", "DGI" or the "Company")
Cummins
Pareta®
Collaboration
DG Innovate plc (LSE: DGI), the
advanced research and development company developing pioneering
solutions in sustainable mobility and energy storage, is pleased to
announce that it has developed, in collaboration with Cummins Inc
("Cummins"), an innovative, novel electric actuator motor built on
DGI's proprietary Pareta® electric drive system. With a dual
motor/inverter configuration, which offers built-in redundancy at
the system level, the new device offers both rotational as well as
linear actuation. This additional application for DGI's
Pareta® technology is ideal for safety-critical applications in
commercial vehicles, such as 'brake by wire' electro-mechanical
brakes, as a replacement for today's air actuated
brakes.
This milestone follows the signing
of a Joint Development Agreement with Cummins in January 2024, with
initial deliveries in June 2024. DGI's electric actuator
brings numerous advantages over traditional systems, including
safety critical response times, seamless integration with modern
systems and vehicle architectures, improved packaging, precision,
maintenance efficiency, energy savings, and reduced environmental
impact. These benefits are making DGI's Pareta® electric
motor increasingly sought after in modern vehicles for applications
such as electric steering and braking, with a special focus on
advanced safety, efficiency, and ease of maintenance.
Thorough testing and validation of
the electric motor is currently underway, and once technically and
ASIL-D certified, volume production is anticipated by the Company
to be substantial.
Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate
said: "This accomplishment in
producing a new and innovative application of our Pareta®
technology is a testament to the DGI engineering team's dedication
and expertise. At DGI we are committed to pushing the boundaries of
what's possible, and this partnership with Cummins exemplifies our
drive to bring the most advanced and reliable technology to our
clients."
Enquiries:
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DG
innovate plc
Peter Bardenfleth-Hansen
(CEO)
Jack Allardyce (CFO)
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C/O IFC
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IFC
Advisory (Investor Relations)
Tim Metcalfe
Zach Cohen
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020 3934 6630
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Grant Thornton UK LLP (Financial Adviser)
Samantha Harrison
Jamie Barklem
Ciara Donnelly
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020 7383 5100
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