August 18, 2022

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

8 min read

  • Exro CEO Sue Ozdemir will host the company’s quarterly webcast to offer shareholders with an update on the business and its new and ongoing tasks.
  • Highlights from the webcast will involve results from latest overall performance testing demonstrating exceptional Coil Driver overall performance.
  • Exro will also explore recent notable hires and Coil Driver recognition as an Edison Awards Finalist.

CALGARY, AB, April 7, 2022 /PRNewswire/ – Exro Systems Inc. (TSX: EXRO) (OTCQB: EXROF) (the “Firm” or “Exro”), a top clear technology company that has produced a new class of electricity electronics for electrical motors and batteries, declared right now updates relevant to a quantity of the company’s new and ongoing assignments that mark crucial milestones and development to the commercialization of its Coil DriverTM technology. For the duration of Exro’s quarterly webcast hosted by CEO Sue Ozdemir, shareholders will get these husband or wife, technological know-how and corporation updates, as nicely as solutions to their queries submitted in progress. A recording of the webcast and the presentation file will be accessible on the Enterprise web-site listed here:

Exro Gatherings

Shareholders unable to attend the webcast can obtain an overview below of the updates that will be coated in the course of the webcast, which include Exro’s new Automobile Systems division and ongoing do the job with companions Potencia Industrial, Traktionssysteme Austria (TSA) and Linamar.

Exro Car Methods:

Exro Vehicle Programs, a division of Exro Technologies Inc., secured a purchase buy from a leading Tier-1 automotive provider, to offer much more than $1 million in engineering design and style and consulting products and services. Underneath the phrases of the invest in order, Exro will supply style and installation solutions for a tailor made electric powertrain program that characteristics a personalized battery pack remedy. The customized method intended for a gentle-obligation on-highway auto will also integrate with lots of automotive initial products producer (OEM) programs, like energy and regulate architectures.

Exro’s Car Systems division will execute this order from its 15,000 sq. foot facility in Detroit, Michigan. The division serves as a strategic complement and entry position to Exro’s e-mobility business enterprise for extra revenue-producing alternatives.

Potencia Industrial: 

Exro declared today an update on the in-automobile demonstration as element of its ongoing partnership with Potencia Industrial, S.A. DE C.V. (“Potencia”). The two businesses tested a light-responsibility electric powered cargo truck making use of a Potencia Y45 electric motor and an Exro 100 Volt Coil Driver on the streets of Mexico Metropolis, Mexico, to exam powertrain functionality in densely populated city environments and on hilly terrain. Exro’s partnership with Potencia began in 2018, and considering the fact that then they have been creating a superior-efficiency and trustworthy resolution for light-obligation electrical autos (EVs). This marks an vital milestone toward the delivery of the Coil Driver in North and South American automotive markets.

The most up-to-date tests with Potencia reinforces Exro’s capability to strengthen general performance and efficiency in very low voltage EV applications and produce its technology to partners on time. The Enterprise and Potencia will go on to operate with each other toward commercialization by furnishing solutions that can effects communities and markets globally. As portion of the ongoing collaborative progress, Exro and Potencia are exploring 800 Volt units for medium-and heavy-responsibility industrial applications 

A demonstration video clip of the auto traversing the streets of Mexico Metropolis will be shared during the webcast. The movie can also be viewed listed here.

“The latest 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 gentle-duty industrial electrical cars,” said Tomas Gottfried, Complex Director at Potencia Industrial. “As aspect of our ongoing partnership, we glance ahead to checking out additional applications of this price tag-powerful technological know-how in medium- and major-responsibility commercial automobiles, as we at Potencia provide on our mission to help Latin America’s transition 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 build electrical push remedies applying a TSA motor and an Exro Coil Driver.

The Coil Driver testing is progressing effectively, and as a result far, the effects are exceeding expectations. The success are showing 4000 Nm of torque and ongoing power of 375kW mechanical output at 4500 RPM, though acquiring peak program efficiencies of 95%. This represents a sizeable functionality improvement in a solitary electrical motor when when compared to present-day sector leaders. Historically, attaining superior torque output may well need limiting the velocity variety to roughly 2500 RPM or accepting a lessen torque output to improve the pace to bigger limits.  With Coil Driver both functionality outputs can be completed in a solitary motor.

Tests is on observe to be finished with comprehensive performance mapping this quarter to begin providing the significant voltage Coil Driver pilots to associates.

SEA Electrical

The current TSA screening supports on-time supply of the high voltage Coil Driver for the SEA Electric powered project in the next quarter of this 12 months. Using SEA Electric’s proprietary electric powered electricity system know-how, the businesses will uplift a Mack LR garbage truck with an 800 Volt Coil Driver process and TSA motor, and an F59 UPS supply truck with a 400 Volt Coil Driver method and TSA motor. Subsequent completion of in-car or truck tests, Exro and SEA Electrical hope to accept orders for mass-industry commercial fleet programs by the finish of this yr.

Linamar:

Prototype tests and validation for a compact and price-helpful e-Axle with Coil Driver are on monitor to be concluded this quarter. Nevertheless, the Linamar job is delayed from shipping and delivery in the next quarter of 2022 to the early 3rd quarter of this year. When the Coil Driver progress stays on track, Linamar and Exro have skilled provide chain delays as it relates to the electric motor in the e-axle.

Exro is supporting Linamar’s entry into the electric powertrain place for medium-duty commercial vehicles by creating and giving gearbox and smart inverter remedies for higher-velocity reduced torque and minimal-velocity large torque applications. This partnership with a Tier 1 automotive supplier will also build Exro’s posture in the remarkably competitive automotive offer chain.

Outside of challenge and associate updates, the webcast will deal with recent business updates this kind of as the hiring of Darrell Bishop, a seasoned money markets qualified, as Exro’s President, Finance and Investor Relations, and the addition of previous Rivian COO Rod Copes, who provides strategic understanding on the world wide mobility industry, to the advisory board. The Company’s Coil Driver was also picked as a finalist in the 2022 Edison Very best New Product or service Awards™ for production, logistics, and transportation. Ultimately, Julie Wurmlinger has resigned from Exro’s Board of Administrators due private reasons. The Firm wishes her the best and many thanks her for her direction and guidance.

“It was excellent to have the opportunity to have interaction straight with our amazing shareholders and followers these days. We gained heaps of questions, and we actually strived to tackle all inquiries to the most effective of our qualities,” mentioned Sue Ozdemir, CEO of Exro. “We hope our buyers, can see just how energized we are about the trajectory of our enterprise, and that we keep on to continue being concentrated on obtaining milestones in the in close proximity to-time period, which we consider maintain the opportunity to start out unlocking benefit for our shareholders.”

About Exro Technologies Inc.

Exro is a clear technological know-how organization groundbreaking smart manage remedies in electrical power electronics to assistance fix the most difficult problems in electrification. Exro has created a new course of command technologies that expands the abilities of electric powered motors, generators, and batteries. Exro enables the software to accomplish much more with much less strength consumed.

Exro’s superior motor handle technological innovation, the Coil DriverTM, expands the capabilities of electric powered powertrains by enabling intelligent optimization for economical vitality consumption. Exro is working with quite a few partners from all above the entire world to deliver their technologies to the electrical mobility industries and further than.

For extra details check out our web site at www.exro.com.

To watch our Corporate Presentation take a look at us at www.exro.com/investors

Pay a visit to us on social media @exrotech.

CAUTIONARY Statement Pertaining to Ahead Wanting STATEMENTS

This information launch has forward-on the lookout statements and ahead-seeking information (collectively, “forward-searching statements”) within just the meaning of relevant securities regulations. All statements, other than statements of historic specifics, are forward-seeking statements. Commonly, ahead-hunting statements can be identified by the use of terminology this kind of as “options”, “expects”, “estimates”, “intends”, “anticipates”, “thinks” or versions of these words, or statements that specified steps, activities or final results “may perhaps”, “could”, “would”, “could possibly”, “will be taken”, “manifest” or “be attained”. Ahead seeking statements contain threats, uncertainties and other aspects disclosed underneath the heading “Hazard Things” and in other places in the Company’s filings with Canadian securities regulators, that could bring about actual success, performance, potential customers and alternatives to differ materially from individuals expressed or implied by these ahead-wanting statements. Although the Enterprise believes that the assumptions and components utilized in making ready these ahead-looking statements are sensible based upon the details currently offered to management as of the date hereof, real final results and developments may possibly differ materially from those people contemplated by these statements. Viewers are hence cautioned not to spot undue reliance on these statements, which only apply as of the day of this information release, and no assurance can be supplied that this sort of events will manifest in the disclosed occasions frames or at all. Apart from wherever expected by relevant legislation, the Organization disclaims any intention or obligation to update or revise any forward-looking assertion, no matter whether as a end result of new data, long run functions or normally.

This information is certified in its entirety by cautionary statements and risk component disclosure contained in filings made by the Firm with the Canadian securities regulators, together with the Firm’s annual facts variety for the money 12 months finished December 31, 2020, and monetary statements and linked MD&A for the financial 12 months ended December 31, 2020, submitted with the securities regulatory authorities in specified provinces of Canada and readily available at www.sedar.com. Ought to one or additional of these hazards or uncertainties materialize, or should assumptions fundamental the ahead-wanting info prove incorrect, precise success may range materially from all those explained herein as intended, prepared, expected, believed, believed or envisioned. While the Enterprise has attempted to discover important challenges, uncertainties and things which could result in real results to differ materially, there might be many others that result in success not to be as expected, approximated or meant. The Corporation does not intend, and does not suppose any obligation, to update this ahead-on the lookout information and facts other than as otherwise needed by applicable regulation.

Neither the Toronto Inventory Trade nor the Expenditure Sector Regulatory Firm of Canada accepts responsibility for the adequacy or precision of this push launch.

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Source Exro Systems Inc.

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