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InvestorNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Enters Strategic Partnership to Bring Enhanced Electric Buses to Market
April 27, 2021

InvestorNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Enters Strategic Partnership to Bring Enhanced Electric Buses to Market

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 its entry into a supply agreement with Vicinity Motor Corp. to deploy Exro enhanced electric buses. Vicinity (formerly Grande West Transportation Group) is a leading supplier of advanced shuttle transportation vehicles for public and commercial use. Under the agreement, Exro will supply the Coil Drive System technology and Vicinity will conduct operational validation through deployment of an optimized electric powertrain for VMC’s suite of electric buses. “We are thrilled to bring enhanced electric buses to the market alongside Vicinity,” said Sue Ozdemir, chief executive officer of Exro. “This commercial partnership highlights our dedication to bring the Coil Driver(TM) to emerging electric mobility markets and provide our partners with a clear edge over the competition.”

To view the full press release, visit https://ibn.fm/XXt7D

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 powertrains by enabling two separate torque profiles within a given motor. A major advancement in the sector, dynamic motor configuration enables efficiency optimization for each operating mode resulting in reduction of energy consumption. The controller automatically selects the appropriate configuration in real time so that power and efficiency are intelligently optimized. 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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