Exro Company Announces Partner Milestones, Technology and Company Updates Ahead of Quarterly Webcast

Exro Company Announces Partner Milestones, Technology and Company Updates Ahead of Quarterly Webcast

  • Exro CEO Sue Ozdemir will host the company’s quarterly webcast to present shareholders with an update on the company and its new and ongoing tasks.
  • Highlights from the webcast will incorporate results from modern efficiency testing demonstrating outstanding Coil Driver efficiency.
  • Exro will also discuss recent noteworthy hires and Coil Driver recognition as an Edison Awards Finalist.

CALGARY, AB, April 7, 2022 /CNW/ – Exro Systems Inc. (TSX: EXRO) (OTCQB: EXROF) (the “Company” or “Exro”), a main clear technology company that has developed a new course of electrical power electronics for electric powered motors and batteries, declared nowadays updates connected to a quantity of the firm’s new and ongoing jobs that mark crucial milestones and development toward the commercialization of its Coil DriverTM technology. Through Exro’s quarterly webcast hosted by CEO Sue Ozdemir, shareholders will receive these spouse, engineering and business updates, as perfectly as solutions to their inquiries submitted in advance. A recording of the webcast and the presentation file will be readily available on the Business web-site right here:

Exro Activities

Shareholders unable to attend the webcast can obtain an overview underneath of the updates that will be included for the duration of the webcast, which includes Exro’s new Auto Devices division and ongoing work with companions Potencia Industrial, Traktionssysteme Austria (TSA) and Linamar.

Exro Car Techniques:

Exro Car or truck Programs, a division of Exro Technologies Inc., secured a invest in order from a main Tier-1 automotive provider, to deliver extra than $1 million in engineering design and consulting solutions. Below the terms of the invest in order, Exro will deliver style and design and installation expert services for a personalized electrical powertrain procedure that characteristics a custom made battery pack solution. The personalized procedure designed for a mild-duty on-street auto will also integrate with lots of automotive first tools producer (OEM) techniques, which includes electrical power and regulate architectures.

Exro’s Motor vehicle Techniques division will execute this purchase from its 15,000 square foot facility in Detroit, Michigan. The division serves as a strategic enhance and entry position to Exro’s e-mobility small business for additional earnings-making options.

Potencia Industrial: 

Exro introduced today an update on the in-motor vehicle demonstration as section of its ongoing partnership with Potencia Industrial, S.A. DE C.V. (“Potencia”). The two corporations analyzed a gentle-responsibility electrical cargo truck working with a Potencia Y45 electrical motor and an Exro 100 Volt Coil Driver on the streets of Mexico City, Mexico, to exam powertrain functionality in densely populated city environments and on hilly terrain. Exro’s partnership with Potencia commenced in 2018, and because then they have been building a high-efficiency and trusted resolution for light-duty electric automobiles (EVs). This marks an crucial milestone toward the delivery of the Coil Driver in North and South American automotive markets.

The hottest tests with Potencia reinforces Exro’s means to boost functionality and efficiency in minimal voltage EV applications and deliver its technologies to associates on time. The Corporation and Potencia will go on to work alongside one another towards commercialization by supplying methods that can impact communities and marketplaces globally. As aspect of the ongoing collaborative enhancement, Exro and Potencia are exploring 800 Volt systems for medium-and heavy-responsibility business applications 

A demonstration online video of the motor vehicle traversing the streets of Mexico Metropolis will be shared for the duration of the webcast. The movie can also be viewed listed here.

“The most up-to-date tests of Exro Coil Driver integrated with our Y45 electric powered motor demonstrates the abilities of our partnership and of Exro to supply adaptable remedies for light-responsibility industrial electric autos,” said Tomas Gottfried, Technological Director at Potencia Industrial. “As aspect of our ongoing partnership, we glimpse ahead to discovering extra applications of this expense-powerful technology in medium- and hefty-responsibility professional automobiles, as we at Potencia deliver on our mission to permit Latin America’s changeover to electrification.”

Traktionssysteme Austria:

Traktionssysteme Austria (TSA) is collaborating with Exro as its motor associate for substantial voltage applications. The two firms are partnering to examination and create electric powered push answers working with a TSA motor and an Exro Coil Driver.

The Coil Driver testing is progressing effectively, and consequently far, the benefits are exceeding anticipations. The outcomes are displaying 4000 Nm of torque and constant ability of 375kW mechanical output at 4500 RPM, although obtaining peak technique efficiencies of 95%. This represents a considerable functionality improvement in a solitary electric powered motor when in contrast to recent field leaders. Historically, accomplishing significant torque output might need restricting the velocity array to about 2500 RPM or accepting a reduce torque output to enhance the pace to better limitations.  With Coil Driver the two performance outputs can be achieved in a solitary motor.

Screening is on track to be finished with comprehensive effectiveness mapping this quarter to begin providing the significant voltage Coil Driver pilots to companions.

SEA Electric

The the latest TSA tests supports on-time supply of the significant voltage Coil Driver for the SEA Electric powered project in the second quarter of this calendar year. Using SEA Electric’s proprietary electric electric power process technology, the organizations will uplift a Mack LR rubbish truck with an 800 Volt Coil Driver program and TSA motor, and an F59 UPS shipping truck with a 400 Volt Coil Driver program and TSA motor. Pursuing completion of in-automobile tests, Exro and SEA Electric powered hope to settle for orders for mass-market place commercial fleet apps by the end of this yr.


Prototype screening and validation for a compact and value-efficient e-Axle with Coil Driver are on monitor to be finished this quarter. On the other hand, the Linamar undertaking is delayed from shipping and delivery in the second quarter of 2022 to the early third quarter of this calendar year. Although the Coil Driver advancement stays on keep track of, Linamar and Exro have experienced offer chain delays as it relates to the electrical motor in the e-axle.

Exro is supporting Linamar’s entry into the electrical powertrain room for medium-responsibility commercial vehicles by coming up with and supplying gearbox and clever inverter answers for higher-velocity low torque and lower-speed significant torque programs. This partnership with a Tier 1 automotive provider will also set up Exro’s placement in the hugely aggressive automotive provide chain.

Over and above job and companion updates, the webcast will address the latest company updates these types of as the employing of Darrell Bishop, a seasoned capital marketplaces specialist, as Exro’s President, Finance and Trader Relations, and the addition of former Rivian COO Rod Copes, who delivers strategic know-how on the world-wide mobility sector, to the advisory board. The Company’s Coil Driver was also picked as a finalist in the 2022 Edison Very best New Item Awards™ for production, logistics, and transportation. Ultimately, Julie Wurmlinger has resigned from Exro’s Board of Directors thanks individual motives. The Firm wishes her the ideal and many thanks her for her assistance and aid.

“It was great to have the chance to engage specifically with our extraordinary shareholders and followers right now. We obtained loads of thoughts, and we genuinely strived to address all issues to the ideal of our abilities,” stated Sue Ozdemir, CEO of Exro. “We hope our investors, can see just how fired up we are about the trajectory of our company, and that we proceed to keep on being concentrated on acquiring milestones in the around-phrase, which we believe that hold the prospective to commence unlocking benefit for our shareholders.”

About Exro Technologies Inc.

Exro is a clean technology business groundbreaking clever management remedies in energy electronics to aid resolve the most challenging complications in electrification. Exro has designed a new class of manage engineering that expands the capabilities of electrical motors, generators, and batteries. Exro allows the software to reach a lot more with significantly less energy eaten.

Exro’s superior motor control technological know-how, the Coil DriverTM, expands the capabilities of electrical powertrains by enabling clever optimization for economical electrical power use. Exro is working with numerous associates from all more than the earth to convey their technological know-how to the electric powered mobility industries and past.

For additional info check out our website at www.exro.com.

To watch our Corporate Presentation stop by us at www.exro.com/investors

Pay a visit to us on social media @exrotech.

CAUTIONARY Statement Pertaining to Ahead Wanting STATEMENTS
This news launch consists of ahead-hunting statements and forward-on the lookout facts (collectively, “ahead-looking statements”) inside the indicating of applicable securities guidelines. All statements, other than statements of historic facts, are forward-seeking statements. Commonly, forward-seeking statements can be determined by the use of terminology such as “designs”, “expects”, “estimates”, “intends”, “anticipates”, “thinks” or versions of these types of text, or statements that particular actions, occasions or outcomes “may possibly”, “could”, “would”, “could”, “will be taken”, “occur” or “be accomplished”. Forward seeking statements involve dangers, uncertainties and other things disclosed underneath the heading “Threat Aspects” and in other places in the Firm’s filings with Canadian securities regulators, that could bring about true final results, efficiency, prospective customers and opportunities to differ materially from those people expressed or implied by these kinds of forward-looking statements. Whilst the Organization believes that the assumptions and variables employed in getting ready these forward-looking statements are affordable primarily based on the information and facts currently out there to administration as of the day hereof, genuine final results and developments may perhaps differ materially from people contemplated by these statements. Readers are as a result cautioned not to location undue reliance on these statements, which only use as of the day of this news release, and no assurance can be offered that these activities will occur in the disclosed times frames or at all. Apart from in which demanded by relevant law, the Company disclaims any intention or obligation to update or revise any ahead-seeking statement, whether as a result of new information, upcoming situations or or else.

This details is skilled in its entirety by cautionary statements and hazard variable disclosure contained in filings made by the Enterprise with the Canadian securities regulators, together with the Firm’s annual information variety for the fiscal yr ended December 31, 2020, and economical statements and connected MD&A for the economical year ended December 31, 2020, filed with the securities regulatory authorities in selected provinces of Canada and offered at www.sedar.com. Ought to a person or much more of these risks or uncertainties materialize, or should assumptions fundamental the forward-wanting facts verify incorrect, genuine final results could vary materially from all those described herein as supposed, prepared, anticipated, considered, believed or envisioned. Whilst the Business has tried to establish essential threats, uncertainties and variables which could cause actual success to differ materially, there might be other individuals that induce final results not to be as anticipated, approximated or intended. The Enterprise does not intend, and does not think any obligation, to update this forward-hunting details other than as usually essential by applicable legislation.

Neither the Toronto Stock Exchange nor the Financial commitment Industry Regulatory Group of Canada accepts obligation for the adequacy or accuracy of this press release.

Resource Exro Technologies Inc.

For even further data: Trader inquiries: [email protected] Canada buyers: Jake Bouma at 604-317-3936 United States buyers: Vic Allgeier at 646-841-4220 Media inquiries: [email protected]