InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) Announces Agreement with First US Partner to Offer Energy-Storage Systems
February 7, 2023

InvestorNewsBreaks – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) Announces Agreement with First US Partner to Offer Energy-Storage Systems

Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed new-generation power control electronics which expand the capabilities of electric motors and batteries, has entered an agreement with Greentech Renewables. The two companies will partner to bring energy-storage systems to commercial building owners. As outlined in the agreement, Greentech, which is one of the largest distributors of renewable energy products in the United States, will include Exro’s proprietary Cell Driver(TM) Energy Storage System in its extensive sales channel for solar- and EV-charging applications. Exro noted that the nonexclusive partnership will strengthen its presence in the market and that its Cell Driver will occupy a “central role” in Greentech’s portfolio. The storage solution that the two companies will be offering supports the country’s clean-energy initiatives; sets a new standard for quality, reliability, and affordability; and encourages adoption to a sustainable electrified world in transportation and energy storage. “We are thrilled to welcome Greentech as our first U.S. partner as we build a network of leading integrators and customers that will support taking Cell Driver to market in the multibillion dollar commercial and industrial space,” said Exro CEO Sue Ozdemir in the press release. “As one of the largest solar-solutions providers in the U.S., Greentech is a highly reputable partner through which our Cell Driver can be marketed, sold, distributed and serviced. Partnering allows Exro the operational and financial flexibility to focus on its core products. For our shareholders, the partnership provides visibility on one of the near-term pathways to revenue for our differentiated product offering in the underserviced commercial and industrial sector in one of the largest solar markets in the world — the sun belt of the southwestern United States.”

To view the full press release, visit https://ibn.fm/MjbG4

About Exro Technologies Inc.

Exro Technologies is a leading clean-technology company that has developed new-generation power control electronics that change how the world optimizes energy by expanding the capabilities of electric motors and batteries. The company’s innovative technologies serve to bridge the performance-cost gap in e-mobility (Coil Driver) and stationary energy storage (Cell Driver), and act to accelerate adoption toward a circular electrified economy by delivering more with less — minimum energy for maximum results. 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
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).