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Just receive confirmation from the company that releases EXRO PR’s that they use a wire service in Canada but not in the US. She said “thank you for bringing this to my attention” and said she will do some research to rectify this problem. Hopefully it gets fixed. This news is huge and would have a big impact here in the states. That’s why the volume is huge in Canada.
Great news but who is reading it? Just those on the email list? Makes no sense.
Yes, that is incredible! 30%!! I was blown away when I read that. “ Exro’s validated technology has already proven it can increase motor speed by more than 30%, which Templar Marine believes will be a major breakthrough in the e-Boat sector.” notice “Validated” and “proven”! If that doesn’t get us excited I don’t know what will, except for the flow of revenue!
Nice close
What no Tesla???? :)
Threes company! Not sure this PR will do much. Only revenues will help. They have been touting commercialization for over a year now. I guess it’s a slow process. GLTA
You are subscribed to News Releases for $XRO on CEO.CA.
You can find the full news release at https://ceo.ca/@thenewswire/exro-partners-with-e-boat-leader-in-multi-billion-dollar
Exro Partners with e-Boat Leader in Multi-Billion-Dollar e-Marine Sector
(TheNewswire)
November 20, 2019 - TheNewswire - Vancouver, B.C. - Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (the “Company” or “Exro”) continues its move to rapid commercialization through a development partnership to optimize the performance of electrical engines in the multi-billion-dollar e-Boat market.
Exro, which has patented technology to dramatically improve the performance of electric motors, has partnered with The Templar Marine Group Ltd., a Canadian company focused on the mass production of commuter electric boats, from water taxis to rental fleets. Templar’s zero-emission boats are tapping into the world’s quickly emerging e-Boat sector, which was assessed by Research and Markets to be USD 7.75 billion in 2017 and projected to reach USD 14.3 billion in 2023.
“We believe Exro’s technology will dramatically enhance the performance of electric motors in boats and other watercraft,” said Exro CEO Sue Ozdemir. “The e-Boat sector is clearly growing as people look for solutions that are sustainable and also meet regulatory requirements preventing the pollution of our lakes, rivers and oceans.”
Templar will integrate Exro’s system into Templar Marine’s water taxis as a pilot project, where the company expects to see a significant increase in motor performance for both the boat’s top speed, as well as improving range through increased system efficiency. Exro’s validated technology has already proven it can increase motor speed by more than 30%, which Templar Marine believes will be a major breakthrough in the e-Boat sector.
“The market for pure electric and hybrid boats and ships is growing rapidly, as vessel operators face a plethora of restrictions surrounding emissions of NOx and SOx, as well as greenhouse gases such as CO2,” said Mark Fry, CEO of The Templar Marine Group. “We are excited about the opportunity to work with this cutting-edge technology and believe the advancements Exro can add to electric boats can make a real difference. More speed and greater range are the primary limitations we face, and we have no doubt Exro’s technological advancements will be fully embraced by the market.”
There are already over 100 manufacturers of electric boats and ships. With the successful adaptation of Exro technology into the Templar Marine product line, Exro will move upstream with its offering and will look to license directly to multiple global suppliers.
“Exro appears to be ideal for marine applications, and I believe Templar Marine will prove an excellent development partner,” said Exro’s Chief Scientist, Jonathan Ritchey. “They are a leader in the market and an excellent brand to work with to expand Exro’s technology to this global sector.”
The Exro/Templar partnership will be widely circulated in the marine and electrical motor sector thanks to the global networks of the two companies’ CEOs.
Mark Fry is also the founder and Managing Director of International Yacht Training Worldwide: http://IYTworld.com. With a network of 300 maritime training schools in 59 countries, it certifies more boating courses with more Government approvals through more schools, in more countries, and more languages than any other boating organization in the world. Said Fry: “We are very well positioned to leverage the IYTworld global network to expand Templar Marine’s marketing and product sales on a global scale.”
Sue Ozdemir, who led the GE small industrial motor division before joining Exro, has a large professional network in the electric motor sector. Added Ozdemir: “By integrating Exro, we believe we can ensure e-Boats can travel faster and further and adapt to the changing conditions on the water. This partnership will help us bring these important improvements to the multi-billion-dollar e-boat sector.”
About Templar Marine
Sometimes called the Tesla of e-Boats, Templar Marine is focused on “mass production” of commuter electric boats, from water taxis to rental fleets. The boats are high-end watercraft having almost no operating or maintenance costs and are free of exhaust fumes and engine noise. Its boats are sold worldwide. http://www.canadianyachting.ca/boat-reviews/boat-yards/4980-templar-marine-launches-first-plug-in-electric-boat-in-western-canada
Templar Marine’s mission is to eliminate our carbon footprint on global waterways and provide affordable, year-round, eco- friendly, low maintenance electric boating to the general public, for personal use and for small commercial use such as water taxis, eco lodges and sightseeing tours. BCTV interview https://bc.ctvnews.ca/video?clipId=1747008
www.TemplarMarine.com MarkF@TemplarMarine.com
About Exro Technologies Inc.
Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of power systems, including electric motors, generators and batteries. Exro's patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan. The widespread applications of the technology apply to optimizing the performance of electric vehicles, UAVs, and ship drives, as well as pumps, industrial motors, and energy capture from wind and tides.
For more information visit our website at www.exro.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, CEO
INVESTOR CONTACT INFORMATION:
info@exro.com
Forward Looking Statements
Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “believe”, "may", "would", "could", "will" and similar expressions, as they relate to the Company or its management are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Company’s intention to commercialize its product in the near term. Such statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not assume any obligation to update these forward-looking statements, except as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2019 TheNewswire - All rights reserved.
Disclaimer: The information in this email is not reliable for investment purposes.
Where there is 2 there is strength! lol
Does this dog bark??? Is anybody here? WTF?
Well that was short lived.
Up pre market. Hmmm
Yes EXRO is definitely getting top heavy, and with all Ex GE employees. Wonder what the connection is? Without revenues they will need to continue diluting to meet payroll. Not good for us share holders. On the other hand in order to move forward these hires are necessary and they seem to be blue chip hires. No news of deals/revenues and only news of increasing expenditures will not get our SP moving north, as seen by recent action. Actually the SP has been heading down for over 3-4 years because of increased debt. It would be nice to get some guidance from the company as to what may be in the pipeline. I tried to talk to EXRO PR person but he isn’t very helpful, actually he is very confrontational and sarcastic. So that 2 year time frame mentioned may be realistic, if not longer. A year ago Godsy said on video that the “ cork was about to pop”! Not sure what he was smoking that day. PR guy told me “big push coming in the fall”. I should have asked what year. I’m going to give it a bit more time and see what shakes out.
This makes no sense to me. “Insiders” buy at .27 and the SP drops like a rock with heavy volume. They could have bought their shares a whole lot cheaper.maube Someone is telling lies?
Yup. I get it. Hope we hear something good soon.
EXRO COMPLETES $189,000 PRIVATE PLACEMENT
For Immediate Release November 6, 2019
EXRO COMPLETES $189,000 PRIVATE PLACEMENT
VANCOUVER, B.C. – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce that it has completed a non-brokered private placement financing of 700,000 common shares at $0.27 per share for proceeds of $189,000 (the “Offering”). The Shares are subject to a four month hold period from the date of issuance, pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. No finder’s fees were paid by the Company. The proceeds raised from the sale of this Offering will be applied towards working capital and general corporate purposes.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Not the news we want to see, imho. Wonder what his salary is?
“The net proceeds raised from the sale of this Offering will be used by the Company to fund development of the Company’s current and new technology programs, working capital and general corporate purposes.”
LOL. All that means is they are lining their pockets. I didn’t know there would be a 2nd round of financing, did you? What happened to that 500k they supposedly just received? I don’t have that warm and fuzzy feeling. Insiders always seem to be the ones to get fat here in pink land.
EXRO CLOSES SECOND TRANCHE OF OVER-SUBSCRIBED PRIVATE PLACEMENT
VANCOUVER, B.C. – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce that, further to its news releases dated October 18, 2019 and October 22, 2019, it has completed the second and final tranche of a non-brokered private placement financing and raised an additional $221,535 through the issuance of 820,500 common shares (“Shares”) at a price of $0.27 per Share (the “Offering”). In total, the Company has issued 6,023,110 shares for gross proceeds of $1,626,240. In addition, finder’s fee consisting of $71,096 cash as well as the issuance of 263,318 Compensation Warrants to finders was paid. Each Compensation Warrant is exercisable to acquire one common share for a period of 12 months from the closing at an exercise price of $0.40 per share. The Shares will be subject to a four month hold period from the date of issuance, pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.
“We would like to thank our shareholders for their continued support”, said John Meekison Exro’s CFO “Closing an over subscribed private placement in these difficult markets is a testament to the great work our team has accomplished so far and the incredible opportunity that lies ahead for the Company as we move towards commercialization of our product offerings.”
The net proceeds raised from the sale of this Offering will be used by the Company to fund development of the Company’s current and new technology programs, working capital and general corporate purposes.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
About Exro Technologies Inc.
Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of power systems, including electric motors, generators and batteries. Exro's patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan. The widespread applications of the technology apply to optimizing the performance of electric vehicles, UAVs, and ship drives, as well as pumps, industrial motors, and energy capture from wind and tides.
Thanks for that info. Appreciate hearing that. Not a big concern for me but does seem odd. Hopefully we will get some news soon that puts any doubt to rest. The reality is we are invested in a stinky pinky and anything is possible. Hoping for the best.
Did you call or email the contact I gave you? I get it, but there is so much positive going on to negate your concern as far as I’m concerned.
And your point is?
No scam here. Real company with great technology. It’s just a matter of when. 50k on the ask. Haven’t seen that before?
All great questions. Try asking this guy:
Paul Guedes
Corporate Communications
604-961-8800 Mobile
pguedes@exro.com
See if he answers you. heads up, He gets very defensive
Insiders need to keep buying because no one else is.
So glad we got a new CEO. Working out perfectly!
YAAAAAWN
I feel very good about this one as well. I think we find out much more about what’s happening shortly now that the PP has concluded. Fingers crossed
The warrants aren’t my concern, only potential of 364,000. It’s the 5.2 million that can be introduced into our float in as little as 4 months.
Don’t know about anyone else but it’s hard for me to get excited about debt and dilution. Hope some good news comes out soon.b
EXRO ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
For Immediate Release October 22, 2019
EXRO ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
VANCOUVER, B.C. – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce that, further to its news release dated October 18, 2019, it has completed the first tranche of a non-brokered private placement financing and raised $1,404,705 through the issuance of 5,202,610 common shares (“Shares”) at a price of $0.27 per Share (the “Offering”). The Company has paid Finder’s fee consisting of 7% cash as well as the issuance of a Compensation Warrant equal to 7% of the number of Shares issued to investors introduced to the Company by the Finder. Each Compensation Warrant is exercisable to acquire one common share for a period of 12 months from the closing at an exercise price of $0.40 per share. The Shares will be subject to a four month hold period from the date of issuance, pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.
The net proceeds raised from the sale of this Offering will be used by the Company to fund development of the Company’s current and new technology programs, working capital and general corporate purposes.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
I’d say he has a lot more then 100k invested in EXRO. His confidence should give us confidence, especially because he knows all that’s going on. We should see a whole bunch more being purchased this week. $1.3M more to go by the 28th. Unfortunately it won’t be off the open market and won’t effect our SP. love to see what would happen to our SP I’d 5.5M were bought off the open market
Ok. .27 is just a coincidence
Sues were part of the PP as well
I just saw where someone posted these buys are part of the PP. Reading the PP release it makes sense.
“VANCOUVER, B.C. – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of up to $1,485,000 through the issuance of up to 5,500,000 common shares (“Shares”) at a price of $0.27 per Share (the “Offering”). The Offering is expected to close on or around October 28, 2019.”
Non brokered PP would make sense with the insider purchases and at .27 cents. So basically they are buying directly from the company. So Godsy is basically financing the deal with the greatest return rather then just handing over the cash. I guess that’s how he became a billionaire, lol. In 4 mos or so those shares can be sold adding to our float, FYI
Then why does US show 15k shares traded and Canadian shows 11k?
EXRO ANNOUNCES PRIVATE PLACEMENT
October 18, 2019
VANCOUVER, B.C. – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of up to $1,485,000 through the issuance of up to 5,500,000 common shares (“Shares”) at a price of $0.27 per Share (the “Offering”). The Offering is expected to close on or around October 28, 2019. The Company has agreed to pay a Finder’s fee consisting of 7% cash as well as the issuance of a Compensation Warrant equal to 7% of the number of Shares issued to investors introduced to the Company by the Finder. Each Compensation Warrant is exercisable to acquire one common share for a period of 12 months from the closing at an exercise price of $0.40 per share. The Shares will be subject to a four month hold period from the date of issuance, pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.
The net proceeds raised from the sale of this Offering will be used by the Company to fund development of the Company’s current and new technology programs, working capital and general corporate purposes.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
There is one on every board. This is Investershub, lol. I was wondering how long it would take for one of these low life’s to show up.
Are you serious? You come out of nowhere with these stupid posts. LMAO. We should be concerned about you not the garbage you posted