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 received a purchase order (“PO”) for 1,000 of its proprietary Coil Drive System units. The units were ordered by evTS and will be used in the evTS FireFly vehicles. The agreement was reached after months of development and integration showing the ability of Exro’s system to increase range, efficiency and available torque. According to the announcement, the FireFly is designed to make urban essential services and last-mile delivery applications more sustainable, cost-effective and efficient. The two companies have been working together to repurpose batteries from evTS vehicles and find second-life uses for these discarded batteries; the purchase order is an expansion of this partnership. “We’re pleased to expand our partnership with evTS, providing access to the complete Exro ecosystem, including improved powertrain performance and the opportunity to repurpose their batteries for energy storage,” said Exro Technologies CEO Sue Ozdemir in the press release. “This is a great example of how we can solve multiple challenges for customers on the path to electrification. I recently drove the FireFly ESV — powered by Exro’s Coil Drive System — and was thoroughly impressed not only with the difference our Coil Driver technology made, but also with the clear potential of evTS’ purpose-built vehicles in a wide variety of different commercial applications.”
To view the full press release, visit https://ibn.fm/3Cqas
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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