Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that develops new generation power-control electronics that expand the capabilities of electric motors and batteries, today provided a Q4 2023 letter to shareholders. In the update, Exro’s Chief Investment Officer Darrell Bishop and Chief Executive Officer Sue Ozdemir describe the transition to an electrified world as a matter of “when” rather than “if,” and discuss milestones and a commitment to finish the year strong. “Our technology is truly disruptive and acts as an accelerator to this new world by solving the total cost of ownership, performance and return on investment for our customers. At Exro, we are significantly reshaping the way the world consumes energy, solving these key challenges slowing adoption. We hear your frustration with respect to the recent share price weakness and share it as well. Since our start of production a month ago, we have witnessed an erosion of macro environment fundamentals contributing to this weakness. Recessionary fears, inflation, high interest rates, and ongoing geo-political developments are dominating investment uncertainty in capital markets,” the letter reads. “We continue to execute our strategy with customers while also taking prudent steps to manage costs to extend our cash runway. All customers’ and projects remain on track and in good standing.”
To view the full press release, visit https://ibn.fm/kabQ7
About Exro Technologies Inc.
Exro Technologies is a leading clean technology company that has developed new generation power control electronics that change how the world optimizes energy by expanding the capabilities of electric motors and batteries. The company’s innovative technologies serve to bridge the performance-cost gap in e-mobility (Coil Driver(TM)) and stationary energy storage (Cell Driver(TM)), and act to accelerate adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. For more information, visit the company’s website at www.Exro.com.
NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF
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