Exro Technologies (TSX: EXRO) (OTCQB: EXROF) is a leading clean-technology company that develops new generation power-control electronics that expand the capabilities of electric motors and batteries. The company today announced the official start of production (“SOP”) of the company’s patented Coil Driver(TM) technology, with the significant milestone backed by purchase orders from Italian OEM supplier HB4 Group and Canadian electric bus and commercial vehicle manufacturer Vicinity Motor Corp (NASDAQ: VEV) (TSX.V: VMC). “On behalf of everyone at Exro, we are thrilled to announce the official start of production of our Coil Driver(TM) technology,” said Exro CEO Sue Ozdemir. “This achievement marks a tremendous milestone in bringing our next-generation technology to market from proof-of-concept on paper over three years ago, to now being in production for on-road customer vehicles. We are thankful for the ongoing support of our shareholders who have weathered many storms along the way. They have remained steadfast in our shared vision of a sustainable future that requires innovative technologies that increase efficiency and change the way the world consumes energy.”
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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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