Exro Technologies (CSE: XRO) (OTCQB: EXROF) on Wednesday announced the results of voting at its annual general meeting of shareholders, which was held on July 7, 2020 in Vancouver, British Columbia (the “Meeting”). According to the update, all matters submitted for shareholder approval, as set out in the Company’s June 2, 2020, Notice of Meeting and Information Circular, were approved by an overwhelming majority of votes cast at the Meeting. Among other highlights detailed in the update, shareholders approved the setting of the number of directors at six.
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About Exro Technologies Inc.
Exro is a clean technology company that has developed patented coil driver technology which is used for electric motors to create greater speed, power and distance, while reducing weight and space. The Company’s coil driver technology expands the capabilities and efficiency of electric motors by enabling two separate torque profiles within an electric motor; one profile for low speed and high torque and another profile for high speed and low torque. The coil driver technology ultimately translates into increased system efficiency and optimization for electric motors while consuming less energy and reducing costs. Exro has spent time and resources validating the coil driver technology with world-class partners and is now fully focused on commercializing its unique product as world governments push clean technology. 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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