Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has released a shareholder letter containing commercial, product and company updates. Coming from CEO Sue Ozdemir, the letter also detailed the company’s successful recent capital raise as well as providing focus and goals for the upcoming year. According to the update, Exro projects continue to progress on track, with Coil Driver pilots being delivered to customers through the second quarter; the company has also received conditional approval to uplist to the NASDAQ. In addition, plans for its facility remain on track with a new dyno commissioning in Mesa this month to double product testing capacity. In the letter, Ozdemir noted that moving forward this year, the company will focus on continued execution, commercialization, product development and market expansion. The company also announced that it will be hosting a quarterly webcast update on April 7, 2022 , at 1 p.m. EST. “Exro grew significantly in 2021, and building a company culture that enables high-performing teams to execute projects efficiently will be critical to our long-term success,” said Exro Technologies CEO Sue Ozdemir in the shareholder letter. “A system that will allow us to deliver an exceptional customer experience while compounding our competitive advantages in the market is a key priority. Beyond continued execution of our existing projects and timelines, Exro is thrilled to report that we have begun discussions with customers about purchase orders. We are optimistic that we will deliver on this key growth milestone and demonstrated value driver in the first half of this year.”
To view the full press release, visit https://ibn.fm/elKEX
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. The company’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 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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