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DGI plc
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=== Operations Overview === DGI PLC was founded in 2009 by engineer and inventor Martin Boughtwood. With its main facilities in Caerphilly, Wales, the business is an advanced research and development company focussed on making sustainable and environmentally considerate improvements in the two areas of electric drive technology and energy storage. Working with a range of partners, including major transport and energy companies, research bodies and the UK government, DGI PLC is currently moving to the commercialisation stage of its development, developing products with applications across a range of end uses. The business operates from a 6,000 square foot research and development facility in Caerphilly which has features including a clean room, dedicated high voltage test safe area and a prototype construction and battery pack assembly facility. Currently, 17 staff are employed, with the highly educated team (including five PhDs) having a mixture of electronics, software and mechanical engineers and materials scientists. The business currently focuses its R&D on the two areas of novel electric motor technologies and energy storage solutions (discussed in detail on pages 6-11). DGI PLC has historically utilised tens of thousands of hours of high capacity super-computer processing and modelling capability at HPC Wales, one of the UK largest high-performance computing centres. In recent years, DGI PLC has contracted Exeter University to progress its atomic scale simulation and analysis enabling the company to compete globally for research and innovation that requires state-of-the-art computing facilities to simulate and solve complex scientific problems. '''Funding''' To date DGI PLC has financed its activities via a mixture of equity, debt, grant and research funding. Prior to the reverse takeover, equity funding brought in c.£2 million via three main rounds. Loan funding meanwhile has come from shareholders, the Coronavirus Business Interruption Loan Scheme and the loans provided by Path Investments prior to completion of the reverse takeover. Grant and research funding has been more significant, with grant funding of c.£0.8 million received from the Welsh government, and a total of c.£2.3 million (with c.£0.3 million outstanding) from development agency Innovate UK under its Faraday Challenge and Automotive Transformation Fund. Faraday Challenge is a scheme supporting new research projects to improve the safety of batteries for use in electric vehicles and as stationary power sources. The biggest source of funding has come from UK Government, with c.£10 million provided through two contracts signed in 2013 and 2014 for research into electrostatic motors and energy storage, along with other government contracts to the value of c.£2.0 million. Prior to the reverse takeover, technology development funding for DGI has been staggered and uncertain in terms of timing. Following the associated fund raises the cash position of the wider group is expected to provide sufficient working capital to undertake DGI PLC’s planned development work, cover overheads and required capital expenditures through to the signing of initial supply agreements. '''Patents''' Over the past five years DGI PLC has protected its intellectual property by filing a number of patents in seven key markets around the world - UK/Europe, North America, China, Russia, India, Japan and Brazil. To date, 11 patents have been granted, with a further seven pending and a number of drafts under consideration. Patents include for a novel electric motor and corresponding architecture along with energy storage apparatus, an advanced stabilised ring drive for marine applications, a suspension system, more novel motor arrangements and a vacuum cleaner. '''Milestones''' Since 2009, DGI PLC has achieved a number of milestones, further advancing its technology towards workable applications in commercial products. Early results proved the viability of its electric motor concept in 2012, with a laboratory demonstration of the motor in 2015, first proof of concept with the delivery of new supercapacitors to the UK government in 2017 and the first successful lab demonstration of a hub motor in 2020. Alongside numerous development projects DGI PLC is also currently working towards the integration of its electric drive systems into an existing all-wheel drive UK government vehicle with a view to testing and, on declaration of commerciality, retrofitting some of the UK existing fleet. In 2013, DGI PLC commenced its energy storage research activities. In 2018, the Company began to develop its fully-recyclable, sodium-ion (Na-ion) batteries using anode active materials as a key enabling technology. With grant support from Innovate UK, the company completed installation of a pilot scale pouch cell production line in early 2021, which will allow the manufacture of large format cells in commercially relevant packaging.
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