News release (21st April 2015)

Following a significant investment from IP Group plc, Par Equity and Scottish Enterprise in late 2014, Edinburgh based battery management system developer Dukosi has today announced the appointment of a new Chairman.

Based at Edinburgh Technopole Innovation Park in Midlothian, Scotland, Dukosi is developing innovative battery management technology with applications in multiple energy environments. The use of rechargeable batteries is set to grow significantly over many industry sectors, for example in electric and hybrid vehicles, where demand is predicted to rise from 2.7million vehicles in 2014 to 6.4million by 20231.

The new chairman, Clive Scrivener, brings with him a wealth of experience with a track record in high growth, international businesses in multiple industry sectors. Most recently Clive was Chief Executive of Prodrive, an international company specialising in developing automotive technologies, design and build of vehicles and systems, motorsport and carbon composites.

Dukosi CEO, Gordon Povey said:

“We have recently completed extensive trials of our battery management technology at university test facilities and are now installing this into the battery pack of our own electric road vehicle, ahead of further trials later this year. We are hiring additional specialist engineering staff and are delighted to have Clive on board to help us deliver our exciting plans”

Jamie Vollbracht, IP Group plc Venture Director, said:

“The appointment of a chairman with extensive experience and proven credentials in their target markets represents a significant milestone for Dukosi, in line with their expansion strategy at the recent investment round. We are thrilled to have found Clive who has a strong track record of leading businesses to £100m+ turnover with a wealth of relevant technology, automotive sector and international experience. We look forward to working closely with Clive and the team in this next phase of exciting growth for Dukosi.”

Commenting on his appointment, Clive said:

“I am delighted to join the Dukosi team at such an exciting time in the development of our technology. With increasing demands for higher performance, safety and reduced costs within battery applications, including automotive and stationary storage, Dukosi is ideally placed to deliver our customers a disruptive technology solution that will make a significant positive contribution to their product development goals.”

1https://www.navigantresearch.com/research/electric-vehicle-market-forecasts 

For further information please contact Catherine McWilliam at Orbit Communications on +44 (0)131 603 8996 or catherine.mcwilliam@orbit-comms.co.uk