Exro Technologies (TSX: EXRO) (OTCQB: EXROF) employees are moving into the company’s new U.S. headquarters, located in Mesa, Arizona. Exro, a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, announced that as employees are settling into the new office space, construction will continue on its R&D facility, which is expected to be completed in the second quarter of 2022. According to the company, the 15,000-square-foot facility will increase testing capacity for the company’s proprietary Coil Driver(TM) as well as create space for the development of its energy storage systems. The company also noted that it has also filed to list on the Nasdaq, and the new headquarters’ facility aligns with its global expansion plans designed to increase demand for its technologies in the marketplace. “Moving into our Mesa facility today marks another milestone for the company this year,” said Exro CEO Sue Ozdemir in the press release. “With our doors officially open for business, we expect to increase our testing capacity and scale to meet the demand we’re creating. We can’t wait to welcome our partners, customers and shareholders to tour our state-of-the-art innovation and development facility early next year.”
To view the full press release, visit https://ibn.fm/Xbs3D
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. Exro’s advanced motor control technology, the Coil Driver(TM), expands the capabilities of powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many 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
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