DG Innovate provided an update on the accelerated commercialisation programme for its suite of technologies. Highlights: Testing of 250kW Pareta©high-performance electric vehicle drive underway. Initial performance results in line with expectations.

Cycle testing ongoing for a further two months. Collaborative commercial dialogue continues to gather momentum with key partners and launch customers. Hard carbon anode material testing underway with positive initial results.

Testing of the Company's 250kW Pareta©high-performance electric vehicle drive is now underway. Initial performance results are encouraging, and in line with concept expectations. Cycle testing is expected to continue for a further two months, with results to be reported in due course.

The Pareta©High Efficiency Parallel Motor for Automotive Application project, being undertaken by a consortium including the Company and Meritor Electric Powertrain Systems UK Ltd. (a subsidiary of US-headquartered global commercial vehicle components company, Meritor Inc), is therefore progressing positively in line with its targeted key milestones for new product development. The Company also continues to progress commercial discussions with its collaborative partners and potential launch customers. The initial formulation and testing of a hard carbon anode material from a sustainable bio waste product has advanced to the point of benchmark testing, with good initial results.

Plans are now being formulated to supply small batch samples of material to key battery partners who consider this to be a potentially disruptive alternative in the aspiration to reduce dependency on hydrocarbon-derived anodes for both sodium and lithium-ion technologies.