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

  • Exro CEO Sue Ozdemir will host the company’s quarterly webcast to supply shareholders with an update on the business and its new and ongoing initiatives.
  • Highlights from the webcast will consist of success from current efficiency screening demonstrating exceptional Coil Driver overall performance.
  • Exro will also discuss modern noteworthy hires and Coil Driver recognition as an Edison Awards Finalist.

CALGARY, AB, April 7, 2022 /PRNewswire/ – Exro Systems Inc. (TSX: EXRO) (OTCQB: EXROF) (the “Company” or “Exro”), a primary clear technological innovation company that has developed a new class of electric power electronics for electric powered motors and batteries, declared nowadays updates linked to a amount of the firm’s new and ongoing jobs that mark vital milestones and development in direction of the commercialization of its Coil DriverTM technology. During Exro’s quarterly webcast hosted by CEO Sue Ozdemir, shareholders will get these spouse, technologies and firm updates, as perfectly as answers to their thoughts submitted in advance. A recording of the webcast and the presentation file will be readily available on the Business site below:

Exro Events

Shareholders unable to show up at the webcast can uncover an overview underneath of the updates that will be protected for the duration of the webcast, such as Exro’s new Vehicle Devices division and ongoing work with companions Potencia Industrial, Traktionssysteme Austria (TSA) and Linamar.

Exro Vehicle Programs:

Exro Car or truck Programs, a division of Exro Technologies Inc., secured a obtain get from a primary Tier-1 automotive supplier, to give far more than $1 million in engineering design and style and consulting companies. Underneath the phrases of the purchase get, Exro will provide style and installation solutions for a custom made electric powered powertrain technique that attributes a tailor made battery pack remedy. The tailor made procedure made for a light-weight-obligation on-road vehicle will also integrate with lots of automotive initial machines company (OEM) techniques, which include electric power and handle architectures.

Exro’s Car Devices division will execute this buy from its 15,000 square foot facility in Detroit, Michigan. The division serves as a strategic enhance and entry stage to Exro’s e-mobility company for supplemental revenue-generating opportunities.

Potencia Industrial: 

Exro introduced currently an update on the in-vehicle demonstration as section of its ongoing partnership with Potencia Industrial, S.A. DE C.V. (“Potencia”). The two companies tested a mild-duty electric cargo truck working with a Potencia Y45 electric motor and an Exro 100 Volt Coil Driver on the streets of Mexico Metropolis, Mexico, to take a look at powertrain efficiency in densely populated urban environments and on hilly terrain. Exro’s partnership with Potencia started in 2018, and since then they have been acquiring a high-efficiency and trusted answer for mild-responsibility electric autos (EVs). This marks an crucial milestone in direction of the shipping of the Coil Driver in North and South American automotive markets.

The most recent testing with Potencia reinforces Exro’s capacity to enhance functionality and performance in lower voltage EV applications and deliver its technology to associates on time. The Organization and Potencia will keep on to get the job done alongside one another towards commercialization by giving alternatives that can impression communities and marketplaces globally. As portion of the ongoing collaborative improvement, Exro and Potencia are checking out 800 Volt devices for medium-and weighty-responsibility professional applications 

A demonstration movie of the car or truck traversing the streets of Mexico Town will be shared during the webcast. The video clip can also be seen here.

“The most up-to-date tests of Exro Coil Driver integrated with our Y45 electric motor demonstrates the abilities of our partnership and of Exro to provide functional answers for light-weight-obligation industrial electric powered automobiles,” stated Tomas Gottfried, Complex Director at Potencia Industrial. “As portion of our ongoing partnership, we seem forward to exploring supplemental programs of this cost-productive engineering in medium- and large-responsibility professional cars, as we at Potencia provide on our mission to permit Latin America’s transition to electrification.”

Traktionssysteme Austria:

Traktionssysteme Austria (TSA) is collaborating with Exro as its motor husband or wife for significant voltage apps. The two firms are partnering to test and establish electric drive methods employing a TSA motor and an Exro Coil Driver.

The Coil Driver screening is progressing effectively, and as a result significantly, the final results are exceeding expectations. The results are showing 4000 Nm of torque and constant electricity of 375kW mechanical output at 4500 RPM, whilst achieving peak technique efficiencies of 95%. This represents a significant overall performance enhancement in a solitary electrical motor when in comparison to present-day market leaders. Traditionally, acquiring large torque output may possibly need limiting the speed range to approximately 2500 RPM or accepting a decrease torque output to raise the velocity to increased boundaries.  With Coil Driver each effectiveness outputs can be completed in a one motor.

Tests is on track to be concluded with comprehensive effectiveness mapping this quarter to commence providing the higher voltage Coil Driver pilots to partners.

SEA Electric

The the latest TSA tests supports on-time shipping of the superior voltage Coil Driver for the SEA Electric project in the second quarter of this calendar year. Using SEA Electric’s proprietary electric powered electrical power technique technology, the organizations will uplift a Mack LR garbage truck with an 800 Volt Coil Driver procedure and TSA motor, and an F59 UPS shipping truck with a 400 Volt Coil Driver procedure and TSA motor. Next completion of in-motor vehicle screening, Exro and SEA Electric powered hope to take orders for mass-industry professional fleet applications by the conclusion of this year.

Linamar:

Prototype screening and validation for a compact and price-successful e-Axle with Coil Driver are on monitor to be completed this quarter. Even so, the Linamar project is delayed from supply in the 2nd quarter of 2022 to the early third quarter of this calendar year. Even though the Coil Driver progress stays on track, Linamar and Exro have experienced supply chain delays as it relates to the electric motor in the e-axle.

Exro is supporting Linamar’s entry into the electric powered powertrain house for medium-duty business automobiles by designing and supplying gearbox and intelligent inverter methods for significant-velocity low torque and low-velocity superior torque programs. This partnership with a Tier 1 automotive provider will also establish Exro’s placement in the hugely aggressive automotive provide chain.

Past venture and partner updates, the webcast will deal with new firm updates this sort of as the employing of Darrell Bishop, a seasoned funds markets professional, as Exro’s President, Finance and Trader Relations, and the addition of former Rivian COO Rod Copes, who brings strategic knowledge on the worldwide mobility marketplace, to the advisory board. The Company’s Coil Driver was also chosen as a finalist in the 2022 Edison Best New Products Awards™ for producing, logistics, and transportation. Lastly, Julie Wurmlinger has resigned from Exro’s Board of Administrators due particular motives. The Organization needs her the greatest and many thanks her for her direction and assist.

“It was good to have the prospect to have interaction directly with our remarkable shareholders and followers these days. We acquired plenty of issues, and we genuinely strived to tackle all issues to the very best of our capabilities,” reported Sue Ozdemir, CEO of Exro. “We hope our investors, can see just how psyched we are about the trajectory of our enterprise, and that we go on to remain concentrated on reaching milestones in the around-term, which we believe hold the potential to commence unlocking worth for our shareholders.”

About Exro Technologies Inc.

Exro is a cleanse technological innovation corporation groundbreaking intelligent control solutions in power electronics to aid clear up the most tough challenges in electrification. Exro has designed a new course of manage technologies that expands the capabilities of electric powered motors, generators, and batteries. Exro enables the application to attain a lot more with less vitality consumed.

Exro’s superior motor manage technology, the Coil DriverTM, expands the capabilities of electrical powertrains by enabling smart optimization for effective power intake. Exro is working with lots of partners from all around the entire world to deliver their engineering to the electrical mobility industries and over and above.

For extra details stop by our website at www.exro.com.

To perspective our Company Presentation take a look at us at www.exro.com/investors

Go to us on social media @exrotech.

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