Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Releases Q1 2022 Corporate, Financial Report

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, is reporting on the first quarter 2022, the period ended March 31, 2022. Highlights of the report include the company’s continued focus on increasing the capital assets of its world-class automated inverter facility, including the construction of the company’s cleanroom, and the agreements the company has signed, including the sales and services agreement Vicinity Motor Corp. for the sale of up to 2,500 units, including a Coil Driver(TM) and electric motor, and the sales agreement with ev Transportation Services Inc. to provide 1,000 units of its 100V Coil Drive System beginning next year. The company also noted that it opened its new office in Michigan at the beginning of the year, a move designed to position the services division to better execute and provide end-to-end elective vehicle design and engineering services. In addition, the company was awarded the 2022 Gold Edison Award for Best New Product in manufacturing, logistics and transportation. “As we continue to advance development, and recently transitioned commercialization projects with partners, all of our resources are running at full capacity,” said Exro Technologies CEO Sue Ozdemir in the press release. “In addition to our two recently announced purchase orders and sales agreements, Exro was awarded an Edison Gold Award for Best New Product in manufacturing, logistics and transportation — another validation of our Coil Driver technology and the impact we can provide to drive adoption rates in the transition to electrification in mobility. I am proud of the accomplishments of our team thus far in 2022, and excited to continue to deliver on the targets we have set ahead.”

To view the full press release, visit https://ibn.fm/Bqhfr

About Exro Technologies Inc.

Exro is a clean-technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators and batteries. Exro enables the application to achieve more with less energy consumed. The company’s advanced motor control technology, the Coil Driver(TM) , expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with partners from all over the world to bring its technology to the electric mobility industries and beyond. For more information about the company, please visit 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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.