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, today announced a strategic development agreement with Linamar Corporation, a global powerhouse in automobile parts manufacturing, to develop an advanced electric drive solution for electric vehicles. Under the agreement, Linamar and Exro will develop an advanced eAxle utilizing Coil Driver(TM) technology to improve cost and performance of Linamar’s eAxle product line. An eAxle is an integrated electric drive solution for battery electric vehicles (“BEV”) or fuel cell electric vehicles (“FCEV”). The integrated solution provides better manufacturing cost and more efficient volume usage while retaining key performance capabilities. “We are very excited for this development with Linamar, who has been a staple in auto industry manufacturing for decades,” said Exro CEO Sue Ozdemir. “This strategic development agreement marks one of our biggest milestones to date and represents a huge opportunity for us to become an integral part of the EV supply chain for major automotive companies.”
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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, 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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