Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, today announced that it has submitted an initial application to list on the Nasdaq Stock Market LLC. Pursuing a Nasdaq listing enables Exro to accelerate its business strategy in the United States and attract institutional and retail investors while enhancing shareholder value. The move follows the company’s U.S. headquarters in Mesa, Arizona, announcement to further develop next-generation power electronics and aligns with its expansion plans to gain global presence. “This year, the Exro team has made significant breakthroughs in bringing new solutions for electrification to market,” Exro CEO Sue Ozdemir said in the news release. “Listing on the Nasdaq, the second-largest stock exchange in the world, will be an important step in growing Exro’s brand and visibility while improving shareholder value as we progress on our journey to commercialization.”
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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 electric 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, 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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