Exro Technologies Inc. EXROF Archives

TuesdaySep 27, 2022 11:46 am

QualityStocksNewsBreaks – Exro Technologies Inc.’s (TSX: EXRO) (OTCQB: EXROF) Cell Driver(TM) ESS Completes 1st Major Phase Toward UL Product Certification

Exro Technologies (TSX: EXRO) (OTCQB: EXROF) is a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries. The company today announced that its Cell Driver(TM) Energy Storage System (“ESS”) has successfully completed large-scale module fire testing and the first major phase towards product certification from Underwriters Laboratories (“UL”). “We are absolutely thrilled with the performance of our energy storage system during this important first phase of UL testing, which is widely regarded as the most demanding of the certification requirements,” said Chief Executive Officer Sue Ozdemir. “As the…

WednesdayMay 12, 2021 9:24 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Releases Q1 Financial Report, Company Update

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and powertrains, has released its financial numbers and company highlights for first quarter 2021, the period ended March 31, 2021. The report noted company milestones for the quarter included the signing of a nonbinding letter of intent with LAND for the District motorcycle with the Coil Driver(TM) order volume of up to 2,000 units after the unit is validated by LAND along with the expanded strategic collaboration agreement and strategic investment of $5 million the company made with SEA…

TuesdayApr 27, 2021 11:14 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Enters Strategic Partnership to Bring Enhanced Electric Buses to Market

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, today announced its entry into a supply agreement with Vicinity Motor Corp. to deploy Exro enhanced electric buses. Vicinity (formerly Grande West Transportation Group) is a leading supplier of advanced shuttle transportation vehicles for public and commercial use. Under the agreement, Exro will supply the Coil Drive System technology and Vicinity will conduct operational validation through deployment of an optimized electric powertrain for VMC's suite of electric buses. "We are thrilled to bring enhanced electric…

FridayApr 16, 2021 10:27 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Releases Annual Shareholder Letter

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has shared its annual shareholder letter from CEO Sue Ozdemir. The letter provides a brief overview of the company’s development in the past year, including insight into its product technology and proprietary intellectual property, as well as outlining Exro’s growing partner strategies and organizational structure. The letter noted that the company is moving its technology from development into commercialization, with a strategic plan in place that involves continued development of patents, deployment of validated technology and…

WednesdayApr 07, 2021 10:35 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Releases Q4, Full Year Financial Numbers

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has released its financial numbers for the period ending Dec. 31, 2020. Company highlights for the year include the successful close of a short-form prospectus offering, which resulted in gross proceeds of almost C$50 million; the opening of its Calgary Innovation Center, a facility designed for in-house design, testing, and assembly of prototypes; the completion of the engineering validation on the 100 Volt Coil Driver for electric cars; and successful technology validation on its Battery Control…

WednesdayMar 31, 2021 11:00 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Announces Calgary Facility with Automotive Class Manufacturing Capabilities

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, unveiled plans for a new Calgary-based facility that will have the capability to produce up to 100,000 Coil Driver products with automotive industry certifications annually. Scheduled to open late Q4 2021, the 37,000-square-foot structure will include production lines, product showrooms and office spaces and is slated to obtain automotive certified production by the end of 2022. The facility will use solar power and battery energy storage solutions with a net zero carbon emissions objective. This key…

ThursdayMar 25, 2021 11:37 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Achieves Major Milestone Toward Commercialization of Coil Driver

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, today announced validation of the motor and inverter system solution for light mobility with global electric drives manufacturer Heinzmann GmbH & Co. KG. According to the update, Exro validated integration of its 100 Volt Coil Driver for light electric vehicles alongside Heinzmann's PMS 120 motors (the "machine"). Testing demonstrated successful dynamic coil switching under load and expected operation at peak currents. The test results showed significant improvement to the machine’s speed range while delivering an…

WednesdayMar 03, 2021 9:42 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) CEO Releases Integrity Statement

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has made available what it is calling an integrity statement from company CEO Sue Ozdemir. The statement was released in response to a report, which impacted EXRO stock, that was not affiliated in any way with Exro or the company’s management team. In her statement, Ozdemir noted that the report was full of inaccuracies, innuendos and outright distortions in what she called a “short seller attack” on the company. “We will not take this report lightly and…

TuesdayFeb 09, 2021 10:54 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Expands SEA Electric Partnership to Accelerate ‘BCS’ Development

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, today announced that it has expanded its strategic partnership with SEA Electric Pty Ltd. ("SEA Electric" or "SEA") to accelerate development of Exro's Battery Control System ("BCS"). SEA Electric is a widely recognized market leader in the electrification of commercial vehicles with operations in five countries and over one million miles of independent original equipment manufacturer ("OEM") tested and in-service operation. Under the expanded strategic collaboration, SEA Electric will provide Exro with two electric delivery…

ThursdayFeb 04, 2021 10:57 am

QualityStocksNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Received Order for Up to 2,000 Coil Drivers from LAND Electric Motorcycles

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has announced an agreement with LAND (“LAND”) Electric Motorcycles to produce and deliver up to 2,000 Coil Drivers in the first year of the contract. The first unit will be shipped this month for testing, which should be completed by the end of Q2. LAND will integrate the Coil Drivers into its District motorcycle to optimize performance; the District model features an innovative vehicle design that delivers an enhanced experience for riders. The integration of the…

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