Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed new generation power control electronics, today provided an operational update highlighted by completion of phase one of its electric axle (“e-axle”) development project with strategic partner Linamar Corporation (TSX: LNR). According to the update, the project now transitions to the second and final phase, including e-axle integration, testing and validation by Linamar. “Phase one completion of our project with Linamar marks a major milestone for the project, and a significant corporate milestone for Exro,” said Exro CEO Sue Ozdemir. “Our employees have demonstrated the ability to deliver leading-edge technology to a major tier-1 automotive OEM supplier. We look forward to the next phase of the project and to an exciting future with a great partner.”
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About Exro Technologies Inc.
Exro 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(TM)) and stationary energy storage (Cell Driver(TM)), and act to accelerate adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. For more information, visit the company’s website at 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
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