Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Email from Sue!
Update from EXRO Technologies CEO Sue Ozdemir
March 20, 2020
Growing concerns around COVID-19 present unprecedented challenges in all of our personal and professional lives. For this reason, our priority is to ensure the safety of our families and colleagues, as we all work together to bring this outbreak to an end.
This does not mean Exro is slowing down.
While the Exro team is operating remotely where possible, we are continuing to advance our mission to bring our technology to market, to make the world's electric motors and powertrains faster, stronger and greener.
Our eight commercialization deals remain on track. Our executive team continues to take the Exro story to market and identify opportunities, taking advantage of the fact that many of our future customers are at home and have time for deep conversations. In fact, I am very excited by the progress of those ongoing negotiations and believe we will have some very positive news in the days and weeks ahead.
In short, I can assure you that your investment in Exro is secure, that your company remains positive and strong. Our balance sheet is healthy, bolstered by our over-subscribed February raise of $4.3 million. Our daily objective is to spend every investor dollar wisely to advance our global commercialization strategy.
I am writing to you because I believe it is always important for a company to be fully open and transparent with the people who believe in it and have invested. In the coming weeks we will also be sending out invitations to attend our webinars to better inform and connect with you. We will keep you updated on developments with news releases and updates.
We love talking about Exro — and what our technology will do for the future economy and our world. I invite you to contact me or our investor relations team directly if you have any questions today or in the future. Our phone numbers and emails are listed below.
The future for Exro remains bright and I'm proud of our team, who remain focused on our mission.
Thank you for your support. On behalf of all of us at Exro, our greatest wish is that you and your loved ones remain safe and healthy.
Sincerely,
S. Ozdemir
Sue Ozdemir
CEO
All I can say is if this gets back down to mid teens again! I will be buying as much Exro as I possibly can! We just got to get through this storm!
Yes this is! Every single Automobile company in the world will be there! I have chills! One deal and we're set my friends!!
I love when Sue says "What other tech companies have been trying to do, we've accomplished!"
https://www.b-tv.com/exro-technologies-making-electric-motors-smarter-commercial-30sec/?utm_campaign=weekly_update_feb_17&utm_medium=email&utm_source=RD+Station
Looks to be part of the PP!
CFO buying some shares.
https://ceo.ca/xro
There definitely will be a second. If there wasn't they would have stated the PP closed. Plus it's oversubscribed. I'm guessing they'll get 4 million plus in funding.
I'm thinking when the PP closes next week and I'm hearing it's oversubscribed. That will give a nice bump. Plus if anymore news is released we could be well on our way!
This company and stock makes me want to puke! Who in their right mind would spend one penny to buy two shares of this garbage? Only knowing you will lose that one penny?
EXRO IS A BEAST!!! Great day!
You know what I love? On the same day Exro announced this PP financing, they also announced another partnership. Yes the SP will drop tomorrow, who cares? It will be temporary. Only the ones who panic sells will lose. Probably within the next few weeks, we will hear about another new deal or updates on Templar or Motorino. Maybe something from Potencia. I love the direction Exro is heading!
The more of these pilot deals Exro signs the more money they will need. Even with this dilution we're still under 100 M fully diluted? That's really good. Especially for a company in the middle of commercializion and signing deals. Not to mention the new Facility they're opening. Once these deals turn into big purchase orders!! This baby is going to fly!!
That's awesome, thanks for sharing Gator. I know everyone always gets excited that "their" penny stock is going to make them rich only to crushed by disappointment. I truly believe Exro is different. This is a hungry team with game changing technology. Very pumped for what's coming.
This is the first time I've seen an Exro NR on Yahoo! Definitely a step in the right direction.
There definitely is great things on the Horizon for Exro! I feel that some of the upcoming deals will be with some automobile companies! This is the calm before the storm!
So we have 5 more months to mid year! 5 more Exro deals to be announced. 1 per month should be coming. I'm ready for my Email box to start lightig on fire!!
Well... that was a nice kick to the nuts today!
With revenues from Potencia, hopefully Motorino and Templar? Not to mention any other partnerships or deals rest of the year! Your opinion guess might be possible my friend! GL.
It seems Sue is putting together a team of heavy hitters. 2020 should be a big year for Exro and it's investors! GLTA.
Yes, I'm hoping for good news the next day or two so this run can continue!
Holly shitake!!!! Let there be lift off!!??
Can you guys imagine what this will do when partnerships are announced and updates on existing partnerships? Pending revenues? Great share structure. What's not to love here? Hold this for at least two more years. You won't regret it. Plus I seriously wouldn't doubt a major buyout in the future.
Any complaints today? Lol. That was a fun day. I think we could get used to days like this!
I agree, this company has me very excited! Not just for the distant future but the short term. I believe 2020 will be a big year for Exro!
And with all the updates from the existing partnerships. Plus the partnerships formed in 2020, we should be recieving a lot of emails next year!
Thank you for sharing Gator! It's something they should definitely take care of ASAP!
From what I hear, they're working on that issue!
Yodel Ay Hee Hoo!
Well that was fun! Let's get a few more days like that. Can't wait until big purchase orders start coming in. That's why these partnerships are so important. Prove the tech to the world and then open up the vault. This partnership with Templar is big because if these tests survive the Ocean and pass with flying colors? It will be able to handle anything. Really good things coming over the next year +.
I agree with you 100%
When a company is in the time of going commercial? Don't they need to build their team with experienced people?
42k more shares purchased from Mancini yesterday!
I spoke with a friend that lives in Vancouver and he's been in their office. The guy is way off. There is actually 20 different companies working out of that building. Mark Godsy is in and out with different projects all the time. Exro is as legit as they come!
BTW, Exro isn't a U.S company!!