DG Innovate Plc (LON:DGI) is the topic of conversation when DirectorsTalk caught up with Charlie Cullen and Nick Spoliar, Analysts at WH Ireland. We asked:
What do the new executives from Tesla bring to DG Innovate plc?
Given their extensive experience and knowledge of the space, they bring in the first instance very significant validation of the company’s technology, in our opinion.
This is because, as we say in our research, we believe their market contacts and status within Tesla will inevitably have brought them a multitude of new technologies to compare with it.
It therefore seems to us very meaningful from a validation perspective that they have chosen this company.
Beyond this, they bring the obvious skills of very senior industry leaders. For instance, CEO Peter Bardenfleth-Hansen, who reported direct to Elon Musk, played a key role in Tesla’s expansion across Europe.
All three of the new Executives have strengths which lift the company’s potential to a new level, in our view, in terms of its potential growth through market knowledge, contacts and strategic impact.
They are, for instance, familiar with the multi-billion $US global markets which DG Innovate’s product could plausibly penetrate for retrofit purposes.
How does DG Innovate plc’s novel electric vehicle drivetrain and battery material technology differentiate from existing technologies in the market?
Both of DGI’s technologies offer compelling characteristics that, in our view, open up sizeable markets – as borne out by the interest from the incoming management and other commercial partners.
Their drivetrain is highly innovative, with its novel design providing a high power/volume, excellent efficiency and inherent safety, making it a good fit for heavy vehicle and many other electric vehicle markets.
We view the battery material side as equally interesting and, although at an early stage, believe that this could offer a green alternative to existing materials in sodium ion batteries – a market with growing interest.
What opportunities that DG Innovate plc aims to capitalize on do you hope to see from the strengthened funding position and new management team?
The new team has not yet elaborated on its plans in detail. However we believe that with improved funding and a strong team in place, the company will be able to generate greater demand for its innovative and ground-breaking technologies.
At the same time, we feel DGI will now be well-placed to use its position in its specific technologies as a platform for growth encompassing other projects, as suggested in the company’s RNS of December 12th.
What impact has the recent patent grant had on DG Innovate plc’s business strategy and intellectual property portfolio?
Solid IP protection is of course a key component of any technology company looking to protect and license their technology at home and abroad, but in this instance, we view the latest patent award very positively, not only validating the fact that the design is indeed a novel innovation but also evidencing the company’s renewed international ambitions.
DG Innovate plc (LON:DGI), is an advanced R&D company developing pioneering solutions in sustainable mobility and energy storage.
