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Sue presents around 1:45 today
I was thinking last night about exactly what you guys are talking about. EXRO would be the perfect type of stock to own in a down market, which I think we are entering especially because of the election. EXRO is just now starting to come to market with their technology and is in a hot market for their technology. No matter which way the election goes this sector will stay hot. Electric motors are the future and here we are, lol. Are we genius’s or are we just blessed? Blessed and then some imho!
Heinzmann Gmbh and Exro Technologies to Collaborate in Developing Advanced Coil Drive Technology for the Electric Micro Mobility and Lev Market
A further advancement in the commercialization of Exro’s Coil Drive technology
Collaboration project integrating Exro technology into micro-mobility applications with Heinzmann GMBH, a global manufacturer of electric drives up to 30 kW
Micro-mobility is projected to be a key factor in electric mobility adoption globally with an overall market size of USD $19B
Exro’s Coil Driver will help to expand the performance range of Heinzmann’s mobility applications by making them faster, stronger, and smarter
Calgary, AB (September 24, 2020) – Exro Technologies Inc. (TSXV:EXRO; OTCQB: EXROF) (the “Company”), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce it has initiated a collaboration with Heinzmann GMBH & Co. KG (“Heinzmann”) to integrate Exro’s patented coil drive technology into micro mobility applications.
Since 1985, Heinzmann has proven itself as a renowned manufacturer of electric drives up to 30 kW. A complete drivetrain system supplier, they provide integrated systems for micro and light mobility applications. A global player in the market, customers around the world trust Heinzmann’s quality powertrain equipment for their applications.
“We are excited to work with Heinzmann,” said EXRO CCO Josh Sobil. “They are a leader in the growing micro mobility and LEV sectors. This is our first partnership with a micro mobility drivetrain producer, and we’re excited to help them grow and further diversify their offering.”
Exro and Heinzmann will collaborate to integrate Coil Drive technology with Heinzmann’s advanced motor designs for mobility applications. The agreement will involve motor technology and integration support from Heinzmann, while Exro will provide testing, power electronics design, and supply. Exro's Coil Driver will improve the speed range and torque output capabilities of Heinzmann's traction applications. This provides new possibilities for optimizing powertrains to improve performance in gradeability, power density and top speed.
“We look forward to realizing the benefits of Coil Drive technology for our machines,” said Peter Mérimèche, Managing Director for Heinzmann. “This is a unique technical advancement in the power electronics market.”
Micro mobility is projected to be a transformational factor in the adoption of electric mobility in cities globally. With an overall market size of USD $19B and CAGR of 8.23% to 2025, the two companies are positioning themselves at critical time in this market.
About Exro Technologies Inc.
Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor control technology, our “Coil Driver”, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical geared solutions. Exro offers a new solution for system optimization through implementation of its technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.
For more information visit our website at www.exro.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, Chief Executive Officer
CONTACT INFORMATION
Ha ha! It’s all good. Multiple dollars soon.
Exro is pleased to announce it will be participating in the Gravitas Clean Technology Investor Day
Exro CEO, Sue Ozdemir, to present Thursday September 24th at 10:45AM PST in Gravitas Investor virtual conference
On schedule to deliver 100V Coil Driver proof of concept in Q4 2020
For additional details about the conference please visit: https://us02web.zoom.us/webinar/register/WN_i1vemWmqRt-UxzrWO6fIpw
Calgary, AB (September 23, 2020) – Exro Technologies Inc. (the “Company” or “Exro”) (TSXV: EXRO) (OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to announce it will be participating in the Gravitas Clean Technology Investor Day taking place Thursday, September 24th, 2020 virtually.
Exro’s Chief Executive Officer, Sue Ozdemir, is scheduled to present on Thursday, September 24th, 2020 at 10:45 AM PST. Ms. Ozdemir will also be fielding investor questions during the one-day virtual conference hosted by Gravitas Securities Inc. “I am looking forward to sharing our growth strategy with investors at the Gravitas Clean Technology Investor Day,” said Ms. Ozdemir. “With our proof of concept for the 100V Coil Driver to be delivered by Q4 2020, the Gravitas Clean Technology Investor Day is an ideal venue to communicate our progress to investors.”
This year’s Gravitas Clean Technology Investor Day will feature several leaders in clean technology and will be attended virtually by institutional and retail investors from North America and abroad. For additional details about the conference please visit: https://us02web.zoom.us/webinar/register/WN_i1vemWmqRt-UxzrWO6fIpw
Exro Technologies Inc.
Per: “Sue Ozdemir”
Sue Ozdemir
Chief Executive Officer
About Exro Technologies Inc.
Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor control technology, our “Coil Driver”, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical geared solutions. Exro offers a new solution for system optimization through implementation of its technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.
For more information visit our website at www.exro.com.
MM’s stacking the ask again
We are going much higher in a short period of time. Major announcements coming our way, imo. Why would they spend the money to list on a better exchange? NASDAQ coming soon, m ark my words. This is a real company with real technology and an all star management team. I’ve rode this train before. Hang on because I guarantee you shakes will come.
So much for that blood bath! :) Go EXRO!
Another blood bath coming today. Let’s see if EXROF can go green again? GLTA
According to Sues interviews and company update we should be getting really huge news the next few months. She hasn’t missed a projection yet. How often can you say that about a BB stock? I think the timing will be exceptional as we start trading on the TSX tomorrow. Feeling really good about this investment!
I see dollar signs in our future. The next few months will be life changing and only the beginning imho
Calgary, Alberta (September 21, 2020) – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company”), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to announce it has been accepted for listing on the TSX Venture Exchange (the “TSXV”), and its common shares will commence trading on Tuesday September 22, 2020, on the TSXV under the symbol “EXRO”.
“The listing of our common stock on the TSX Venture Exchange is an important milestone for Exro”, commented Sue Ozdemir, Chief Executive Officer of Exro. “Over the last 12 months we have become a market leader in advanced power electronics within the mobility industries. We have consistently executed on the commercialization strategy we had set for 2020 to demonstrate how our Coil Driver technology can make electric motors faster, stronger, and smarter. Our financial position is strong, we have made significant investments and our team is motivated to bring Exro technology to the global marketplace. To commence trading on Canada’s leading exchange is an achievement we are incredibly grateful for and we believe will continue to add value to our stakeholders as our business continues to grow.”
About Exro Technologies Inc.
Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor control technology, our “Coil Driver”, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical geared solutions. Exro offers a new solution for system optimization through implementation of its technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.
For more information visit our website at www.exro.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, Chief Executive Officer
A little info I found:
http://blog.ceo.ca/2015/02/03/tsxv-vs-cse-thinking-about-going-public-in-canada-read-this-first/
Seems better exposure on the TSX
Not sure what moving onto another exchange means for EXRO, but I’m sure it doesn’t hurt. NAZDAQ has always been the goal imho. Thanks for posting that news! Maybe EXRO will have a release this morning as well!
Love that word!
Pretty good write up. I love the numbers he uses! 2021 could be an explosive year. I believe this 4th quarter will be the spring board into 2021. Expecting good stuff in the coming months. GLTA of us!
I’ve never been to Canada. I do believe that trip is in my future
Mighty quiet in Calgary. :)
Exro Technologies Inc. (CSE: XRO / OTCQB: EXROF) Driving Efficiency in Electric Motors - Initiating Coverage
Fundamental Research Corp has issued a report entitled "Exro Technologies Inc. (CSE: XRO / OTCQB: EXROF) Driving Efficiency in Electric Motors – Initiating Coverage" and dated September 8, 2020. To read a summary of the key highlights, or to login and download the full analyst report (subscription needed), please visit:
https://www.researchfrc.com/exro-technologies-inc-cse-xro-otcqb-exrof-driving-efficiency-in-electric-motors-initiating-coverage/
News Provided by Fundamental Research Corp. via QuoteMedia
Held up very nicely today! Ready for next leg up.
It will be epic! Disruptive, lol
Forget Tesla, this isn’t for them. This is bigger, imho
1.15 will be a distant memory soon, imho
We close above .90 then look out next week, imho
Nice. Thanks
“I also want to mention Potencia Industrial, Mexico’s global producer of electric motors. They are using Exro’s technology in the new Pronto Power flexible powertrain. The Pronto powertrain is utilized to convert an existing combustion engine to electric. With focus on fleet and municipal vehicles, the Pronto is proven technology that is accelerating LATAM transition to electric vehicles. We’ve already delivered the first stage of that project and pilot tests are going very well.”
Calgary-based Exro Technologies Inc. is innovating in this area by coming up with new ways to improve performance, efficiency, and longevity of batteries, electric motors, and generators. Its work with coils could revolutionize electric motors forever.
https://www.ciobulletin.com/magazine/exro-technologies-inc-industrial-electrification?fbclid=IwAR2QQxxsTkcEsvhawwFwcfnxECfdj9qHjhCJJyHqFUP7pja-Ek65Gxss5mI
Remember that much news is expected in September and October. What I watched last week was MM’s walking EXROF down, in what I believe was a concerted effort to acquire shares. MM’s, especially in penny stocks, are the first to know of upcoming events. EXRO allowing executives to buy stock last month was not just by chance. Something is coming. Dollars by end of October, IMHO
Dime, it will be my pleasure to laugh with you! We might even meet at a shareholders meeting some day!
So sorry for those who fell for the shake last week. My new buys at .80 and .74 don’t look so bad right now. This stock is going into multiple dollars imho. I’m holding on like a pit bull on a tire. More shakes to come. Been there done that. We have a hidden jewel known to few but not for long. GLTA
I’m definitely all in on this one, and feel very confident.
I believe the day is coming when the world can’t ignore the technology EXRO has to offer. I’m thinking the Potencia test results might just be what we are waiting for.
Closed on a buy, slight uptick! I’ll take it. Here’s to better weeks ahead.
And the bloodbath continues! WTF
I like the way You Think!
.90 Canadian is .69 US, so we are mirroring the CSE. Head scratcher
Hold this have something to do with it : On various dates in August 2020, a total of 420,195 common shares were issued pursuant to the exercise of warrants and 787,500 common shares were issued pursuant to the exercise of stock options.