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 announced an agreement with LAND (“LAND”) Electric Motorcycles to produce and deliver up to 2,000 Coil Drivers in the first year of the contract. The first unit will be shipped this month for testing, which should be completed by the end of Q2. LAND will integrate the Coil Drivers into its District motorcycle to optimize performance; the District model features an innovative vehicle design that delivers an enhanced experience for riders. The integration of the Coil Driver is intended to enhance the District’s performance as well as introduce a new powertrain system solution option for bikes in the electric motorcycle space. Based in Ohio, LAND is a fast-growing company operating in the nascent lightweight electric motorcycles market. “We are so glad to be collaborating with LAND to optimize their motorcycle’s powertrain,” said Exro CEO Sue Ozdemir in the press release. “This collaboration takes us another step closer to revenue growth and commercialization of our Coil Driver technology.”
To view the full press release, visit https://ibn.fm/bwm8s
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 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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