MESA, Ariz. , Nov. 14, 2024 /CNW/ - Exro Technologies Inc . (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, today announced the launch of OEM vehicles integrated with its Coil Driver technology in collaboration with Nidec Motor Corporation. A launch event, taking place today... Read More

Delivered 74 e-propulsion systems to blue-chip OEM customers, a 106% increase over Q2 2024 and a new quarterly record. Record quarterly revenue of $11.0 million , a 108% increase over Q2 2024. Recognized cumulative annual business cost-savings of more than US$15 million in cost savings. Announced the completion of a public offering for proceeds of $25 million . Announced Stellantis N.V. as its automotive passenger vehicle... Read More

CALGARY, AB , Nov. 13, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, announced today that senior executives will attend the 13th Annual ROTH Technology Conference, hosted by Roth Capital Partners, in New York City on November 19-20, 2024... Read More

CALGARY, AB , Nov. 6, 2024 /CNW/ - Exro Technologies Inc . (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean technology provider specializing in proprietary motor control and complete electric propulsion systems for e-mobility, today announced the release of a shareholder letter. The letter provides details on the upcoming Q3 earnings release, scheduled for November 13, 2024 , as well as an Analyst... Read More

CALGARY, AB , Sept. 26, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is pleased to announce its automotive OEM partner, Stellantis N.V. ("Stellantis"), with whom it had previously signed a Non-Disclosure Agreement (" NDA "). The... Read More

CALGARY, AB , Sept. 13, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is pleased to announce that it has completed its previously announced public offering (the " Offering ") for a total of 71,429,000 units (" Units ") of the Company, at... Read More

Record quarterly revenue of C$5.3 million with C$6.7 million at quarter end in completed units Exceeded targeted bill of material costs and savings of 5%, recognizing over 10% Recognized cumulative annual business cost-savings of US$7.5 million and on track to deliver 2024 target of US$10 million Awarded ETL certification for the Exro Cell Driver ® stationary battery energy storage system Subsequent to quarter end,... Read More

Progression of integration of Coil Driver™ technology into Exro's proprietary EV propulsion system Coil Driver™ integration for innovative Class 5 platform commercial vehicle Flexibility in packaging enables shorter wheelbase design offering improved total cost of ownership CALGARY, AB , Aug. 13, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company... Read More

Strategic agreement with premier North American partner for commercial businesses with repeatable footprints Agreement includes binding purchase order for 10 Cell Driver ™ pilot units for deployment in key energy markets with focus on California and New England Binding purchase order follows directly after Cell Driver ™ awarded ETL certification to UL standard 9540 in June Partnership presents the first of many opportunities... Read More

CALGARY, AB , Aug. 7, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) , a leading clean technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is pleased to announce its participation in the Canaccord Genuity 44th Annual Growth Conference. This prominent institutional investor conference will be held from Tuesday, August 13 th to Thursday,... Read More

CALGARY, AB , June 28, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that provides proprietary propulsion system technology for e-mobility and proprietary battery control technology for stationary energy storage, today announced that all candidates listed in the Company's Management Information Circular, dated May 21, 2024 , were elected as... Read More

CALGARY, AB , June 27, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that provides proprietary propulsion system technology for e-mobility and proprietary battery control technology for stationary energy storage, is pleased to announce today that its Cell Driver™ stationary energy storage system has achieved UL certification status... Read More

CALGARY, AB , June 24, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, today announced interest payment details in relation to the Company's outstanding convertible debentures (the "Debentures"). Pursuant to the terms of the Company's... Read More

CALGARY, AB , June 17, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) , a leading clean technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is pleased to announce that Sue Ozdemir , CEO will be participating in the 10th Annual ROTH London Conference. This significant industry event is scheduled to take place from Tuesday, June 25th to... Read More

CALGARY, AB , June 13, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is pleased to provide an operational update on propulsion system deliveries, progress with partners, and the signing of Exro's first-ever outbound intellectual property... Read More

CALGARY, AB , May 30, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is pleased to announce that CEO Sue Ozdemir and the Exro team will be participating in the Stifel Cross Sector Conference in Boston, Massachusetts from June 4 th to 6 th . During the conference, Exro... Read More

CALGARY, AB , May 15, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is excited to provide its first update highlighting the Company's transformative shifts following the acquisition of SEA Electric on April 5th, 2024 , and announces the... Read More

Exro Technologies secures prestigious title as PACEpilot Innovation to Watch award winner for its Coil Driver™ EV traction inverter. Renowned industry recognition, judged by seasoned automotive experts, celebrates Exro's contribution to technology disruption in the automotive sector. PACEpilot top honour highlights Exro's dedication to empowering automakers in delivering top-performing, efficient electric vehicles. CALGARY,... Read More

CALGARY, AB , April 5, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA Electric") are pleased to announce the closing of the previously announced merger (the "Transaction"), pursuant to which Exro acquired all of the issued and outstanding shares of common... Read More

CALGARY, AB , April 4, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") is pleased to announce that all necessary shareholder and stockholder approvals required in connection with the proposed merger (the "Transaction") with SEA Electric Inc. ("SEA Electric") have been obtained. On April 4, 2024 , Exro held a special meeting of shareholders (the "Meeting"), whereby an ordinary... Read More

Exro generated revenue of $5,736,140 for the twelve months that ended December 31, 2023 . The Company lifted the nondisclosure agreement with Giaffone and announced the completion of Coil Driver TM validation in Q4 2023 and acceptance of purchase order agreements which commenced in Q1 2024. Coil Driver™ start of production was launched in Q3 2023 with low volume production and was followed by initial deliveries to customers... Read More

Leading independent proxy advisors ISS and Glass Lewis recommend shareholders vote in favour of the Share Issuance Resolution. ISS expects the combination to provide synergies, enhance scale, and provide human capital benefits through the leadership and expertise of senior executives of each entity. Glass Lewis believes that the board has presented a sufficient case to support its view that the transaction presents an... Read More

Exro Technologies Inc. files management information circular for proposed merger with SEA Electric Inc. (the "Transaction"). The Transaction is designed to leverage complementary technologies to strengthen Exro's position in the electric vehicle technology sector, accelerate growth, and create a defined path to profitability, with multi-year commitments from leading commercial vehicle OEMs. Shareholders are encouraged to... Read More

CALGARY, AB , March 12, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company focused on developing new generation power-control electronics that expand the capabilities of electric motors and batteries, is pleased to announce its participation in the 36th Annual ROTH Conference. The event is scheduled to take place from March 17-19 in Dana Point,... Read More

CALGARY, AB , March 6, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company focused on developing new generation power-control electronics that expand the capabilities of electric motors and batteries, is pleased to announce the release of a CEO letter to shareholders. The letter provides additional rationale behind Exro's transformational merger... Read More

CALGARY, AB , Feb. 16, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") is pleased to announce the closing of its previously announced bought deal private placement offering (the "Offering") of subscription receipts ("Subscription Receipts"). Pursuant to the Offering, Exro issued a total of 31,600,000 Subscription Receipts at an offering price of $0.95 per Subscription Receipt for... Read More

Complementary technologies driving significant synergy potential which provides a full scope solution with enhanced performance and reduced cost of ownership Multi-year commitments from Mack (Volvo) and Hino (Toyota) Targeting delivery of more than 1,000 propulsion technology systems to OEMs in 2024 CALGARY, AB , Jan. 30, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA... Read More

Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements of a combined company in connection with announced merger agreement between Exro and SEA Electric CALGARY, AB , Jan. 30, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today concurrent equity and debt... Read More

Complementary technologies driving significant synergy potential which provides a full scope solution with enhanced performance and reduced cost of ownership Multi-year commitments from Mack (Volvo) and Hino (Toyota) Targeting delivery of more than 1,000 propulsion technology systems to OEMs in 2024 Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements CALGARY,... Read More

CALGARY, AB , Jan. 15, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that develops new generation power-control electronics that expand the capabilities of electric motors and batteries, is pleased to announce the release of a Q1 2024 letter to shareholders. Following the Company's operational update in a 2023 year-end note to shareholders on... Read More

CALGARY, AB , Dec. 20, 2023 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company that develops new generation power-control electronics that expand the capabilities of electric motors and batteries, today provided an operational update in a 2023 year-end letter to shareholders. Dear Exro Shareholders, As we reach the end of Q4 2023, in keeping with our... Read More

At a Glance: In collaboration with Inferno Solar, Red Deer Polytechnic will be home to Exro's first in-field Cell Driver ™ Battery Energy Storage System pilot with installation planned for Q1 2024. Following successful onsite integration and testing in Brazil , Exro and emerging-growth partner Giaffone Electric have lifted their nondisclosure agreement. This milestone is backed by initial purchase order commitments for... Read More

At a Glance: Exro generated revenue of $2,032,669 for the three months ended September 30, 2023 , and $4,800,730 for the nine months ended September 30, 2023 . Exro announced the official start of production of the Company's Coil Driver™ technology on September 6, 2023 . On August 22 , Exro announced the achievement of certification of its Cell Driver™ battery modules to the UL 1973 standard, along with the recent grant of... Read More

CALGARY, AB , Oct. 26, 2023 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), 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. Dear Exro Shareholders , The transition to an electrified world is not a matter of "if", it's a matter of... Read More

At a Glance: Exro achieves major milestone with start of production of its patented next-generation Coil Driver™ inverter technology for electric vehicles at the company's state-of-the-art manufacturing facility in Calgary, Alberta, Canada . First production is backed by initial purchase order commitments for low-voltage Coil Driver™ units from Italian OEM supplier HB4 Group following on-road commercial truck testing that... Read More

At a Glance: Exro's Cell Driver ™ has successfully completed certification of its battery module per UL 1973 requirements, a key milestone which confirms Exro's modules' quality, resilience, and ability to operate safely and effectively in a variety of conditions. Exro has entered the final stage of certification requirements for its Cell Driver™ and anticipates completion in Q4 2023, which is to be followed by the start of... Read More

At a Glance: Exro generated revenue of $2,443,292 for the three months ended June 30, 2023 and $2,768,061 for the six months ended June 30, 2023 On May 15th Exro announced the signing of a definitive commercialization agreement with strategic partner, and global tier-1 automotive supplier, Linamar Corporation On May 23rd Exro announced closing of a common share bought deal financing for aggregate gross proceeds to the... Read More

Exro and a Major Automaker to collaborate in innovation project utilizing Coil Driver™ technology for improving powertrain performance. A world leading global automotive OEM has engaged Exro in a collaboration to explore the latest advancements in power electronics technology to deliver higher continuous power and torque output compared to conventional systems. CALGARY, AB , July 13, 2023 /CNW/ - Exro Technologies Inc. (TSX:... Read More

At a Glance: Exro nominee directors listed in the Notice of Meeting and Management Information Circular dated May 31, 2023 were elected as directors of the Company at its Annual General and Special Meeting of Shareholders held earlier today on June 30, 2023 in Vancouver, B.C. CALGARY, AB , June 30, 2023 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean-technology company... Read More

At a Glance: Exro has filed two new U.S. provisional patent applications, presenting further powertrain uses for its technology, and strengthening Exro's intellectual property position. Exro and motor partner Traktionssysteme Austria are set to progress the partnership into its next stage of operations as the companies collaborate on a European co-marketing initiative. Exro has elected to issue common shares in satisfaction... Read More

At a Glance: Exro announces three new Board candidates slated for election at the Company's AGM, all of whom bring automotive, global growth, and operational leadership experience. The proposed appointment of Aleksandra Miziolek , Anita Ganti , and Frank Simpkins is additive to the Board's existing skillset in the areas of audit, power controls technology, and legal/governance, and supports Exro in advancing in growth,... Read More

CALGARY, AB , May 23, 2023 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), is pleased to announce that it has completed its previously announced bought deal financing, including the exercise in full of the Underwriters' (as defined below) over-allotment option, for a total of 15,525,000 common shares (the "Common Shares") sold at a price of C$2.25 per Common Share for aggregate gross... Read More

CALGARY, AB , May 15, 2023 /CNW/ - Exro Technologies Inc. (TSX: EXRO), (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean-technology company that develops new generation power-control electronics that expand the capabilities of electric motors and batteries, is pleased to announce that the Company has entered into an agreement with a syndicate of Canadian underwriters (collectively, the "Underwriters"), pursuant to... Read More

Exro and Linamar Corporation sign definitive agreement to serially produce and commercialize the parties' integrated electric beam axle product for Class 3-6 vehicles: The agreement is set for an initial five-year term and follows successful continued testing and validation by Linamar of the Exro Coil Driver TM product samples delivered in Q4 2022 In accordance with the agreement, by Q4 2023 the parties intend to build a... Read More

Exro and Linamar Corporation sign definitive agreement to serially produce and commercialize the parties' integrated electric beam axle product for Class 3-6 vehicles: The agreement is set for an initial five-year term and follows successful continued testing and validation by Linamar of the Exro Coil Driver TM product samples delivered in Q4 2022 In accordance with the agreement, by Q4 2023 the parties intend to build a... Read More

Exro generated revenue of $324,769 for the three months ended March 31, 2023 Added additional strategic partnerships for its Coil Driver ™ technology for electric vehicles in the period in Wolong and an undisclosed European partner, which are expected to help accelerate Exro's market penetration Entered into additional channel sales partnerships for its Cell Driver™ technology for stationary energy storage and subsequent to... Read More

Exro accelerates its energy storage business, naming Re:Build Manufacturing its exclusive manufacturing partner and establishing new channel partnership agreements: Exro announces US-based Re:Build Manufacturing is its exclusive manufacturing partner for Cell Driver ™ Energy Storage, thereby outsourcing product assembly to an industry expert. The partnership with Re:Build Manufacturing provides Exro the ability to quickly... Read More

The strategic partnership amplifies Exro's market presence with access into Wolong's extensive customer network for e-mobility applications Wolong Electric Group is a world-famous automation solution supplier and one of world's top three motor manufactures for industrial and automotive applications with ownership of a family of brands including ATB Group, Brook Crompton , GE Industrial Motors, and others. The strategic... Read More

Executive Chairman Mark Godsy has announced stepping down as Chairman, effective March 31, 2023 Director Rod Copes has been appointed to the position of Interim Chair The transition aligns with Exro's evolution into series production in Q3 of this year and positioning for a Nasdaq listing Copes' decades of unique experience in scaling automotive manufacturing operations in the US will serve as a tremendous asset for Exro's... Read More

Exro generated revenue of $2.2 million for the twelve months that ended December 31, 2022 . Successfully completed phase one of the integrated e-axle co-development program with strategic partner, and major tier-1 OEM supplier, Linamar Corporation. Exro Vehicle Systems Inc., a services arm to provide vehicle integration solutions for automakers pursuing electrification, successfully completed, and delivered multiple projects... Read More

The agreement provides the opportunity to significantly amplify Exro's market presence with access into the partner's global customer network for automotive and off-highway applications The strategic partner will remain unnamed under a non-disclosure agreement ("NDA") through phase one of the partnership (successful validation of partner motor-Exro L040 800V inverter proof-of-concept) anticipated in Q3 2023, after which the... Read More

The agreement with Greentech Renewables Southwest positions Exro's Cell Driver™ Energy Storage System into Greentech's extensive sales channel for solar and EV charging applications Greentech Renewables Inc. is one of the largest distributors of renewable energy products in the United States with over 80 locations in major solar markets. The non-exclusive partnership will accelerate and amplify Exro's market presence by... Read More

CALGARY, AB , Jan. 17, 2023 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro ") a leading clean technology company that has developed new generation power electronics that expand the capabilities of motors in electric vehicles and batteries in stationary energy storage, is pleased to announce the release of a Q1 2023 letter to shareholders. Since Exro's last Shareholder 'Live' Webcast on... Read More

Exro has successfully completed phase one of its integrated e-axle co-development program with strategic partner, and major tier-1 OEM supplier, Linamar Corporation Exro remains committed to delivering on remaining key deliverables on behalf of shareholders by year-end, including pilots to SEA Electric and Vicinity, and new strategic partner Commencement of series production of Exro's Coil Driver™ remains on schedule for Q3... Read More

Exro has achieved ISO 9001:2015 certification at its world-class manufacturing center and innovation center, both located in Calgary, Alberta, Canada ISO 9001:2015 is an internationally recognized standard for quality, processes, and safety, and is a gateway prerequisite to IATF 16949 certification (global automotive quality management) Exro's manufacturing, innovation, and vehicle systems centers are complimentary... Read More

Exro Technologies is winner of the 2022 'Illuminations Award for Business Innovation' from leading electrical manufacturing industry group NEMA Past notable winner of this award from the e-mobility space is 2019 recipient ChargePoint Holdings Inc. The recognition is the third major industry award received in 2022, following on Exro's recent AutoTech Breakthrough Award and the company's Edison Gold Award earlier this year... Read More

CALGARY, AB , Nov. 15, 2022 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro ") a leading clean energy technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries, is pleased to announce that it has resolved its dispute with ePropelled, Inc. relating to the patent infringement lawsuit that ePropelled filed... Read More

Exro remains on schedule for key deliverables and milestones in Q4 2022, including: prototype e-axle delivery to Linamar, pilots to both Vicinity and SEA Electric, ISO certification by year-end First deliveries of Exro's Coil Driver TM for series production remain on schedule to begin in Q3 2023 Exro's Cell Driver TM on schedule to complete UL certification requirements in Q2 2023 with discussions ongoing with integration... Read More

Exro's Coil Driver ™ technology named the '2022 Engine Tech Innovation of the Year' winner at AutoTech's 2022 Breakthrough Awards. The recognition is the second industry award received in 2022, following on the heels of Exro's Edison Gold Award win for Best New Product in Manufacturing, Logistics and Transportation earlier this year. Exro's Coil Driver TM was chosen for its innovative ability to bridge the performance-cost... Read More

The agreement includes development of a new product offering utilizing Exro's next-generation Coil Driver TM automotive inverter technology for a hybrid diesel-electric application The European partner, which remains under NDA, is a global leader in the design, manufacture and distribution of solutions in an off-highway sector and is forecast to generate multi-billion dollars in sales in 2022. The partnership will develop a... Read More

The strategic agreement includes deployment of a new solar-plus-storage product offering, with Inferno granted exclusive distribution rights throughout Western Canada Inferno Solar is one of Western Canada's leading independent suppliers of turn-key solar projects and electric vehicle charging system solutions. The partnership will target Inferno's growing demand for stationary energy storage in commercial and industrial... Read More

Exro exceeds highest UL requirements to demonstrate best-in-class safety performance during large-scale fire testing of the company's Cell Driver ™ Energy Storage System Introducing Exro's Cell Driver™ - a stationary energy storage system with a strong competitive advantage in commercial and industrial applications. The first phase of UL certification testing is designed to assess an energy storage system's ability to... Read More

Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the " Company " or " Exro "), a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries and bridge the cost-performance gap to accelerate adoption of a circular electrified economy, announced today that it has closed its previously announced non-brokered private placement (the... Read More

Exro Technologies Inc. ( TSX: EXRO, OTCQB: EXROF ) (the " Company " or " Exro "), a leading clean technology company that has developed industry disruptive next generation power electronics that expands the capabilities of electric motors and batteries, announced today that it has closed its previously announced brokered public offering (the " Offering "). Pursuant to the Offering, Exro sold 7,920,000 units (" Units ") at a... Read More

Exro Technologies Inc. ( TSX: EXRO, OTCQB: EXROF ) (the " Company " or " Exro "), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, is pleased to announce that it has filed a prospectus supplement (the " Prospectus Supplement ") respect of the marketed public offering announced by the Company on August 23, 2022 (the " Brokered Offering "). The Prospectus... Read More

Exro Technologies Inc. ( TSX: EXRO, OTCQB: EXROF ) (the " Company " or " Exro "), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, announces that it has commenced a marketed public offering (the " Brokered Offering ") and concurrent private placement (the " Non-Brokered Offering ", and together with the Brokered Offering, the " Financing ") of up to... Read More

Exro will supply development partner SEA Electric with high-voltage Coil Drive Systems, comprised of a high-voltage Coil Driver™ and an electric motor, beginning with a pilot in Q4 2022. After successful in-field validation with the pilot, the first purchase order will supply 500 units with deliveries starting in Q4 2023, followed by increasing volume of production series systems up to a minimum of 1,500 units over the... Read More

The Company continued progress on its world-class manufacturing facility during the quarter, including delivery of all equipment required for Surface Mount Technology ("SMT") and Printed Circuit Board ("PCB") assembly lines, included in phase one of the facility operations. Exro is on track to commission the phase one assets in the second half of 2022. Exro Vehicle Systems Inc, a division of Exro Technologies Inc., continued... Read More

Exro has initiated the process to obtain UL certification for its Energy Storage System (ESS), powered by its patented Battery Control System™ (BCS) technology. Exro's ESS is designed to maximize the lifespan of batteries in first-life and second-life, creating an option for reuse of electric cell battery packs, minimizing waste and establishing a pathway to a circular economy. Submission for UL certification marks a... Read More

Exro CEO Sue Ozdemir hosts a live webcast to provide shareholders a view inside its manufacturing facility and a review of the first half of 2022. Exro shared a virtual tour of its state-of-the-art sustainable manufacturing facility in Calgary, Alberta , demonstrating progress towards establishing a resilient, localized supply chain in North America . Additional highlights from the webcast include business updates, as well... Read More

All Exro director nominees listed in the Management Information Circular dated May 24, 2022 , were elected as directors of the Company at its Annual General Meeting of Shareholders (the "Meeting") held earlier today in Vancouver, B.C. Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed a new class of power electronics for electric motors and... Read More

In response to claims made by ePropelled, Exro has filed a petition with the U.S. Patent and Trademark Office for review of ePropelled's patent. Exro asserts that the patent which ePropelled claims it has infringed is invalid. Exro also submitted an in-depth independent analysis of the patent by award-winning MIT Professor. Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean... Read More

Leading Industry Event Brings Together Fleet Operators with Service Providers to Shape a More Sustainable, Efficient Future for Last Mile Delivery ev Transportation Services Inc. ("evTS"), an electric vehicle manufacturer focused on the essential services and urban e-mobility markets, today announced that it will exhibit its Firefly® ESV at the Last Mile Delivery Summit & Expo 2022 ("LMD Summit") taking place June 16-17,... Read More

2022 Demonstration Vehicle to Display Urban Mobility Capabilities to One of the Nation's Leading Sustainable Cities; Enables Use within Santa Monica's First-of-Kind Zero Emissions Delivery Zone ev Transportation Services Inc . ("evTS"), an electric vehicle manufacturer focused on the essential services and urban e-mobility markets, today announced it has delivered a 2022 FireFly®ESV demonstration vehicle to the City of Santa... Read More

Rod Copes , recently retired Chief Operating Officer at Rivian has joined Exro's Board of Directors. A graduate of the Massachusetts Institute of Technology and former senior executive with Harley - Davidson , Royal Enfield , and Rivian, Copes brings deep technical knowledge and vast mobility industry experience to Exro's Board of Directors. Copes replaces Julie Wurmlinger , who resigned due to personal reasons. Exro... Read More

Exro CEO Sue Ozdemir will be a featured speaker at this year's TechCrunch Sessions: Mobility in San Mateo, California from May 18-20, 2022 . Ozdemir will subsequently speak at Collision in Toronto June 20-23, 2022 . Both events will enable Exro leadership to engage in two of North America's leading technology events, surrounded by innovators, entrepreneurs and automotive leaders. Exro Technologies Inc. (TSX: EXRO) (OTCQB:... Read More

The Company continued to increase its capital assets in the first quarter of 2022 through phase one of its world-class automated inverter facility, including the construction of the Company's cleanroom. Exro Vehicle Systems opened their office in Dexter, Michigan on January 1, 2022 further positioning the services division to execute and provide end-to-end elective vehicle (EV) design and engineering services. Exro received... Read More

Exro Coil Drive System to be Deployed in 2023 Model Year FireFly Vehicles to Increase Range, Efficiency and Available Torque Deal Represents an Expansion of evTS' Partnership with Exro to Repurpose Batteries from evTS vehicles for Reuse in Second-Life Energy Storage Applications ev Transportation Services Inc . ("evTS"), an electric vehicle manufacturer focused on the essential services and urban e-mobility markets,... Read More

evTS signs purchase order with Exro for a first lot of 1,000 Coil Drive System units with initial deliveries beginning in 2023. After months of development under NDA and integration into evTS Firefly vehicles, Exro will supply its 100V Coil Drive System. After demonstrating the successful integration of the production Exro... Read More

Exro will supply Vicinity Motor Corp. with high-voltage Coil Drive Systems, beginning with a pilot in Q2 2022. The multiyear agreement includes a first lot purchase order of 100 units with up to 2,500 units planned for delivery over the 36-month term. Vicinity electric vehicles optimized with Exro Coil Driver™ technology will make electric buses for public transit more sustainable, cost-effective, and efficient. Exro will... Read More

Exro Technologies was named a Gold award winner for the 2022 Edison Best New Product Awards™ in manufacturing, logistics and transportation. Coil Driver was recognized by 3,000 world-leading business executives, academics and innovation professionals for its ability to deliver more power, speed and torque from a single... Read More

Exro CEO Sue Ozdemir will host the company's quarterly webcast to provide shareholders with an update on the company and its new and ongoing projects. Highlights from the webcast will include results from recent performance testing demonstrating superior Coil Driver performance. Exro will also discuss recent notable hires and Coil Driver recognition as an Edison Awards Finalist. Exro Technologies Inc. (TSX: EXRO) (OTCQB:... Read More

Research and development activities increased twofold for the twelve months ended December 31, 2021 , as Exro expanded development relationships and executed on testing and validation of projects to advance the Company's goals for commercialization in 2022. Exro Vehicle Systems Inc. launched as a services division to provide vehicle integration solutions for automakers pursing electrification. Exro successfully completed a... Read More

Exro named Rod Copes , recently retired Chief Operating Officer at Rivian, to its advisory board. A graduate of the Massachusetts Institute of Technology and former senior executive with Harley - Davidson , Royal Enfield , and Rivian, Copes brings deep technical knowledge and vast mobility industry experience to Exro's... Read More

Exro completed new performance and efficiency testing using a 100 Volt Coil Driver and Zero Motorcycles' electric motor demonstrating the ability of Exro's 100 Volt Coil Driver to significantly increase motor output in light electric vehicles. Coil Driver delivered improvements to power and torque and enhanced efficiency at high speed with actual results aligning to simulated results. The latest results support Exro's... Read More

Exro is pleased to welcome Darrell Bishop as President, Finance and Investor Relations. Bishop brings extensive capital markets experience to the role, building his career in equity research and investment banking roles with major banks and industry-leading independent investment firms. As part of the executive team in his... Read More

Exro has filed a lawsuit against ePropelled Inc. in Middlesex County Superior Court in the Commonwealth of Massachusetts . The lawsuit alleges that ePropelled made a damaging defamatory statement about Exro in its January 24, 2022 , press release, and that ePropelled violated Chapter 93A of the Massachusetts General Laws. Exro... Read More

Coil Driver chosen as a finalist in 2022 Edison Best New Product Awards™ for Manufacturing, logistics and transportation. Coil Driver is recognized by 3,000 world-leading business executives, academics, and innovation professionals for its ability to deliver more power, speed, and torque from a single electric motor. Award... Read More

The letter shares commercial, product, and company updates, details around the company's successful recent capital raise, and the focus and goals for the upcoming year. Our projects continue to progress on track, with Coil Driver pilots being delivered to customers through the second quarter. Exro has received conditional... Read More

Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, announced today that it has closed its previously announced bought deal offering (the "Offering"). Pursuant to the Offering, Exro sold 12,722,450 units (the "Units") at a price of $1.60 per Unit (the "Issue Price") for aggregate... Read More