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Someone has a lot of shares to unload. 10k share sell at close. I think we will continue downward trend. Not sure what the hell is going on or where this elevator stops. Wish I would have waited to buy more.
Let’s do this: “ We have a lot of room for growth and with our execution on these eight partnerships, we will be able to accelerate our conversations and transform the mobility market forever.”
Calgary, AB (September 3, 2020) – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for powertrains shares a corporate update from the CEO, Sue Ozdemir.
Dear Fellow Shareholders:
It’s hard to believe that is has been a year since I joined Exro. The past 12 months has been so rewarding as we innovate and transform our business. We are positioning ourselves to become leaders as we use the power of our technology to transform the way the world looks at energy consumption. I believe we now have the ideal platform to be successful.
I am extremely proud of the people that surround me, all who play a critical role in our success. Exro has invested in our technology, our people and our future. Thanks to your support we can finance our growth and continue to deliver on our milestones and towards our long-term strategy.
We have been establishing our position in the marketplace: our mission “Minimum Energy, Maximum Results” has become a guiding light for us to continue to develop new and innovative ways to utilize our technology and become a market leader in advanced power electronics within the mobility space. On all fronts we are executing according to our technology roadmap and the second half of the year is already shaping up to support us in our expectations for the remainder of 2020.
Prioritizing our Partnerships
Our team is continuing to focus our attention on co-development with our partnerships. We are on schedule for all our commercial developments and anticipate the 100V Coil Driver proof of concept to be delivered in early Q4. This will provide the first proof of concept in an electric vehicle later this year. My commitment in September 2019 was to enter into eight commercial partnerships by end of 2020. Since the last corporate update in April we have been successful in securing 3 additional partnerships. This puts us at 7 deals and leaves us at least one more deal by the end of the year. We have a strong pipeline and are optimistic in our ability to meet our commitment to eight deals by the end of 2020. Further, we are gaining global presence as our partners deliver applications in North America, Australia, and Europe.
All of our partnerships provide critical steppingstones to our business plan. Demonstrating the versatility of our technology, we are working with everything from a two-wheel electric bike to a fleet delivery van. Our progress continues to deliver proof of concepts to the market in a variety of different applications and power ratings; providing us the foundation to expand the business with larger partnerships in the future. All our partners have been carefully selected to help showcase our versatility and scalability. This demonstrates our ability to provide our coil-driver technology both in micro applications and large, high performance applications. We have a lot of room for growth and with our execution on these eight partnerships, we will be able to accelerate our conversations and transform the mobility market forever.
Advanced Power Electronics Technology
The engineering team has been working hard to deliver the next phase of the Potencia Industrial, S.A. DE C.V. (“Potencia”) project in early Q4. This Coil Driver will demonstrate our capabilities in an electric vehicle in Mexico City. In parallel, we continue to develop the 400v and 800v drivers for other customers. Some of our next milestones will be:
November 2020- delivery to Potencia (electric car application)
This is an especially pivotal project for Exro as it will become the platform design, reducing design time for future partnerships. It also serves as our first in-car application, demonstrating our ability to transform the automotive power electronics industry.
December 2020 – the IBMS (Intelligent Battery Management System) proof of concept. With the research phase now behind us, this technology development will allow us to provide test bench data to support our simulations and confirm that we are able to provide a solution for first life batteries to be used in second life applications, such as stationary storage for example.
Q4 2020 – We expect the 8th deal will be yet another representation of the versatility and scope of our innovation. We put a lot of effort into how each partnership contributes towards our future growth plan. Finding partners that deliver a new segment, new geography or new application is part of securing our footprint in many market segments. This will position us for a robust and sustainable future.
Early 2021 (Q1)- delivery to Zero Motorcycle (“Zero”) (electric motorcycle application)
If you have not heard of this company, you should visit their website at www.zeromotorcycles.com. Zero is a world leader in electric motorcycles and this project will demonstrate our “supercharger” abilities as we provide optimized performance for an already great technology.
Intelligent Electrification
As we continue to evolve our brand, I wanted to clarify the key parts of our technology and our focus on the mobility segment:
1. Coil Switching Technology
This is the core patented technology for Exro, allowing us to create two torque profiles within a motor. This provides the ability to supercharge a powertrain, to get more with less energy consumed, to reduce additional motors and/or gearboxes. It has opened a lot of dialogue with our existing and potential partners on how we can optimize a powertrain and change the paradigm on energy consumption. “Minimum Energy, Maximum Results”.
2. IBMS
We are continuing to innovate and develop our IBMS (Intelligent Battery Management System). The results to date have been favorable and we are working towards the utilization of an IBMS Inverter that will allow first life batteries to be used in secondary life applications like stationary storage. I am confident that are IBMS technology will provide a solution to the barriers for second life applications. The Proof of concept will be completed by end of the year and will demonstrate our ability to provide a bankable and technically securable second life battery energy storage system.
Next milestone: Dec. 2020 delivery of proof of concept, pilot application in Q1
3. Generator
We are currently focused on the mobility segment and a variety of traction applications. However, the technology is not tied to a specific type of motor or generator. Most wide torque applications with a combined need for speed (production) and torque are good opportunities for Exro. We continue to work with potential partners in a variety of applications that will demonstrate our technology’s strengths, versatility, and optimization results.
The focus on the mobility segment is a strategic decision to accelerate us to becoming a market leader. Almost all mobility applications contain propulsion: this means that they have a great torque curve for our technology and provide the foundation for the superior optimization. The mobility application includes everything from a scooter, to an e-bike, to an e-bus but also includes mining haul trucks, lift trucks, off road vehicles, trains and the list goes on! This is not an indication of the only segment we can participate it but an optimum place for us to focus and become leaders in.
Calgary is now home
It is taking a bit more time than anticipated as moving and building a new facility is a mix of ups and downs. Our lab space is Victoria was officially closed in June and we have moved all of our equipment to Calgary. In addition, we have ordered our new, large dyno bay allowing us to final test our larger drivers. The Calgary office space is now open, and our team is enjoying collaborating together in the workspace. We are now working with our contractors to complete the testing lab and have everything ready to share with customers and all of you. Tentatively we are looking at an “official” opening date in late October. For anyone coming through the Calgary area please feel free to reach out for a visit. Due to Covid-19, we are only allowing visitors by appointment. This has allowed us to keep a safe work environment for our employees and their families. For our opening in late October we will host several small events so everyone can share in the success from all the hard work over the past months that got us to this stage.
Building Brand Awareness
We continue with our efforts to build a great company and raise awareness of the Exro technology. There has been some great coverage over the past few months that helps to promote our brand.
Two of my personal favorites are;
Many thanks to Tom Lombardo for this great article https://www.engineering.com/ElectronicsDesign/ElectronicsDesignArticles/ArticleID/20546/Two-Motors-in-One-Intelligent-Controls-Efficiently-Deliver-Torque-and-Speed.aspx
Many thanks to Now You Know for interviewing Josh for this great video https://youtu.be/p2Ntq_ao1L8
We are working on a new website and other campaigns that will continue to promote our brand and build our future. Our new marketing strategy will support our recent developments as we drive scalable commercialization.
Summary and Looking Forward
I have shared a few of our achievements and am very excited about the time ahead. We are in a great position to execute on our commitments. Our team is motivated, engaged and confident in the developments ahead and looking forward to sharing more good news with all of you.
Our growth plan is one that will sustain us for a vibrant future. It takes time to build a masterpiece but we have the paint, the brushes, the canvas and all the artists we need to make it happen.
For the steps ahead I encourage you to watch for:
Completion of our Innovation Center
The proof of concept for the 100V Coil Driver. This is a major milestone for Exro, as it demonstrates the ability to replace a traditional inverter in an electric vehicle with our first to market Intelligent Coil Driver
The 8th deal— our commitment is eight by end of 2020. There is never a guarantee, but we are very encouraged about the progress to a future announcement
Building our board of directors to support our focus on the mobility segment
The world we operate in continues to provide unprecedented challenges. I am proud to represent the team at Exro and to continue delivering on our commitments. Our financial position is strong and our team is motivated to deliver. Over the past twelve months we have invested heavily in our business and we have forged the path for our successful future.
I would like to thank each and everyone of you for your continued support of Exro, your belief in me and my ability to take us to the next level. Our goal remains to change the way the world looks at energy consumption: Minimum Energy, Maximum Results. We now have the right team, the right technology, the right business plan and the right culture to make it happen.
Sincerely
Sue
Sue Ozdemir
Chief Executive Officer
Same MM’s on both sides! Trying to figure this out. The more I watch the more I believe we are being manipulated by the MM’s as they try and load up for the next leg up.
Someone is just dumping shares. The MM’s keep piling on the ask every time it drops. All of them doing it together makes me think it’s more MM’s trying to grab all the shares they can. Scary just the same
And good news is coming. 8th deal any day now, battery management system news any day, Clean Seed news any day, the big one.......proof of concept from Potencia by end of October!
They just keep piling on that ask!
Just grabbed another 30k at .74 from some of my ZG profits. Can’t get enough of this!
Test results from Potencia should be released by end of October. I can’t wait! 8th partner to be announced soon. Other news coming as well. We can absorb the dilution with that kind of news, imo
Exactly!
The news today is a buy signal for me. :)
They know how to make money
That’s .76 US
CALGARY, AB (September 1, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) announces that it has granted incentive stock options to certain officers, employees and consultants to purchase an aggregate of 1,692,000 shares in the capital of the Company at a price of $1.00 per share, pursuant to the terms of its stock option plan. All of the options are subject to vesting provisions, and any shares issued upon exercise of an option will be subject to a hold period of four months and one day from the date of grant.
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
.72 US. There is a lot of downward pressure. They keep piling on the ask.
Holding stronger then I thought it would today
I know it’s part of the process but it never sits well with me knowing the company is the one actually selling shares into a run. SMH
Unfortunately, at this rate, they will have to do more private placements or continue dilution. No other options imo
Added 14 Million in just last 2 months, about 40 million this last year. WTF
Do not like this’ll:
OUTSTANDING SHARE DATA
As of August 28, 2020, there were 82,880,249 Common Shares issued and outstanding, and other securities convertible into Common Shares as summarized in the following table:
Number Outstanding as of August 28, 2020(1) Number Outstanding as of June 30, 2020
Common Shares issued and outstanding 97,233,990 83,836,229
Options 8,110,000 9,132,500
Warrants 5,762,185 650,000
Broker Warrants 1,326,474 710,801
CALGARY, AB (AUGUST 28, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce its second quarter 2020 financial results for the six months ended June 30, 2020.
“We are excited that Exro has been able to add three new high quality partnerships over the last four months with Clean Seed Capital Group Ltd. (TSX.V: CSX) (“Clean Seed”), Zero Motorcycles (“Zero”) and SEA Electric Pty Ltd. (“SEA Electric”),” said CEO Sue Ozdemir.
“On the commercialization front, our engineering team delivered the customized driver to Potencia at the end of June. The driver is now undergoing rigorous testing with Potencia’s engineering team,” said CEO Sue Ozdemir. “We’re excited to confirm that the driver has been received and testing has begun on the unit. Our expectation is to complete testing by the end of October. Exro has delivered, and we look forward to continuing to strengthen our relationship.” said Tomas Gottfried, Technical Director at Potencia. After Potencia’s internal testing is complete, the driver will be installed in a vehicle and road tested. This will provide the first on road application for Exro.
Subsequent to June 30, 2020, Exro successfully closed its short form prospectus offering pursuant to which the Company issued 11,428,571 units of the Company ("Units") at a price of $0.70 per unit for gross proceeds of Cdn $8,000,000 (the "Offering"). “The net proceeds from this Offering will be used for further research and development of the coil switching technology for commercialization in the mobility segment including micro, light and commercial electric vehicle programs, marketing, capital investments and general working capital requirements.” said CFO John Meekison.
OPERATING HIGHLIGHTS
On April 28, 2020, the Company announced that it signed a collaboration and supply agreement (the "Supply Agreement") with Clean Seed to integrate the Company's technology into Clean Seed's high-tech agricultural seeder and planter platforms, advancing the electrification of one of the world's heavy-farm equipment. Under the Supply Agreement, Clean Seed will issue a purchase order to integrate the Company's electric-motor-enhancing technology into Clean Seed's latest technology offerings and beyond. Clean Seed, in collaboration with the Company, anticipates building a working prototype that is expected to be implemented in the field by late 2021.
On June 15, 2020, the Company announced it has initiated a collaboration agreement with Zero to evaluate Exro's patented coil drive technology using Zero's SR/S powertrain platform. Zero is a developer of electric-powered motorcycles offering what it believes to be a superior riding experience. In entering this agreement, Exro and Zero will collaborate to integrate Exro's Coil Drive technology into a Zero ZF75-10 based motorcycle. The agreement will involve motor technology and integration support from Zero, while Exro will provide power electronics design and supply.
On July 10, 2020, the Company completed a short form prospectus offering of 11,428,571 units at a price of $0.70 per unit for gross proceeds of $8,000,000. Each unit consisting of one common share and one-half share purchase warrant. Each whole warrant is exercisable into one common shares at a price of $0.90 for a period of 24 months from the date of issuance. In connection with the share offering, the Corporation incurred share issuance costs of $640,000 commission paid in cash, issued 571,428 common shares, and 914,285 broker warrants exercisable at $0.70 per common share for a period of 24 months from the date of issuance.
On July 15, 2020, the company announced that it is partnering with Australia’s SEA Electric to enhance electric powertrain technology for heavy duty trucks and delivery vehicles. Recognized as a global leader in the electrification of commercial vehicles, SEA Electric and Exro will co-develop and test powertrains based on Exro’s Coil Driver and the SEA-Drive technologies.
FINANCIAL HIGHLIGHTS
For the three months ended June 30, 2020, compared to the three months ended June 30, 2019, the Corporation reported a comprehensive loss of $2,246,269 (2019 – $1,000,865).
Professional fees remained constant as they only increased from $79,304 to $138,081 during the three months ended June 30, 2020, an increase of $58,777.
Share based payments expense was $176,630 for the three months ended June 30, 2020 (2019 – $61,086).
Investor relations expense of $86,831 (2019 – $9,401) an increase of 77,430.
Regulatory fees of $52,939 (2019 – $32,668) an increase of $20,271 were incurred during the quarter ended June 30, 2020.
Payroll and consulting fees increased by $387,642 from $482,386 to $872,028.
Research and development of $300,130 (2019 - $111,217) an increase of 188,913.
Marketing expense of $50,151 (2019 - $69,732) decreased of 19,581 and travel expense of $6,346 (2019 – $51,199) a decrease of 44,853.
Office and rent $401,296 (2019 - $76,779) an increase of $324,517.
For the six months ended June 30, 2020 compared to the six months ended June 30, 2019, the Corporation reported a comprehensive loss of $3,771,451 (2019 – $2,025,562).
Professional fees increased to $222,301 during the six months ended June 30, 2020 compared from $118,117 during the corresponding period in 2019.
Share based payments expense was $321,313 for the six months ended June 30, 2020 (2019 – $201,559).
Investor relations expense of $189,994 (2019 – $32,292) an increase of 157,702.
Regulatory fees of $84,054 (2019 – $54,628) an increase of $29,426 were incurred during the quarter ended June 30, 2020.
Payroll and consulting fees increased by $650,913 from $939,692 to $1,590,605.
Research and development of $476,131 (2019 - $266,656) was incurred during the period which represents mainly materials used for development of its technology.
Marketing expense of $127,020 (2019 - $121,715) increased and travel expense of $75,273 (2019 – $111,107).
Office and rent $482,402 (2019 - $135,518) an increase of $346,884.
LIQUIDITY AND CAPITAL RESOURCES
At June 30, 2020, the Company had cash of $1,830,407, accounts payable and accrued liabilities of $571,409, and a related party payable of $27,435.
RESULTS OF OPERATIONS AND SELECTED FINANCIAL DATA
Quarter ended
Revenue Net loss and comprehensive loss Basic and diluted loss per common share Weighted average number of common shares
June 30, 2020 $ - $ (2,246,269) $ (0.03) 83,002,396
June 30, 2019 - (1,000,865) (0.02) 62,913,714
OUTSTANDING SHARE DATA
As of August 28, 2020, there were 82,880,249 Common Shares issued and outstanding, and other securities convertible into Common Shares as summarized in the following table:
Number Outstanding as of August 28, 2020(1) Number Outstanding as of June 30, 2020
Common Shares issued and outstanding 97,233,990 83,836,229
Options 8,110,000 9,132,500
Warrants 5,762,185 650,000
Broker Warrants 1,326,474 710,801
ADDITIONAL INFORMATION
The unaudited consolidated financial statements and Management’s Discussion and Analysis for the six months ended June 30, 2020, dated August 28, 2020, can be viewed on Exro’s website at www.exro.com and on SEDAR at www.sedar.com under Exro Technologies Inc.
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 the technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduce 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
Canada: Jake Bouma
VP of Investor Relations
604-317-3936
United States: Vic Allgeier
TTC Group Inc.
646-841-4220
Email: info@exro.com
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright © 2020 Exro Technologies Inc, All rights reserved.
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I was wondering the same thing. The L2 action has some MM’s stacking the ask every chance they get. All on low volume.
Or MM’s trying to load up.
There is a seller. Much downward pressure. I bout at .80 yesterday. I still have more powder and will be watching closely. Come to Papa, lol
Ha ha. I’m right with you.
I’m on the bid. :)
I’ll be watching close today to add. Futures are down so it might be a good day to do that. GLTA
It’s going to be Avery interesting next few months!
I’ve told a few. They have all bought. Many of my buddies won’t go near a penny stock. I try to explain this is not like any other penny I’ve ever seen and I’ve been trading for almost 40 years! Look at the management team and advisory board! I did well with DYAI. Very similar to EXROF. Solid patents, solid management. After a few years they applied to the NASDAQ. I see EXROF following that path, unless they get bought first. Remember Godsy sold 2 companies already, one for billions.
Good move! I see EXROF as a caged wild animal pacing at a closed gate just waiting for it to open. Pressure is building!
I think that just might be the future of their Technology. It simplifies gear box, eliminates parts that wear out, reduces weight, produces optimum power on call and extends battery life! Show me one negative? This technology will be bought by one of the big boys for a huge price imho
I say yes and then some. I’m not sure fuel injector can increase torque. I’m no motor head that’s for sure, lol.
Sue and EXRO continue to make moves:
Calgary, AB (August 20, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to announce its CEO Sue Ozdemir to sit as chair of the newly formed NEMA Automotive Component Council (ACC).
The National Electrical Manufacturers Association (NEMA) announced the establishment of its Automotive Component Council (ACC) to increase manufacturer collaboration in the changing and expanding automotive component market – one that traditionally has been a closed industry. Specifically, the Council will develop a deeper understanding of the automotive supply chain market, advocate for policies and regulations that will impact it, and develop baseline standards for qualification programs in key aspects. The ACC will enlist NEMA Members, other organizations and interested parties that share its goals for broader collaboration in a market that is increasing in sensor technology, component electronics, and the transition to Electric Vehicles.
“The automotive landscape is undergoing a transformation to one that is increasingly connected, electrified, and eventually autonomous. Key aspects of this are the components, products, and systems that constitute a vehicle whether its power driven via an Internal Combustion Engine, Electric power, or a Hybrid of power sources. Our members represent an integral part of the supply chain.” said NEMA President and CEO Kevin Cosgriff. “This council will advance industry interests in a changing market and explore how these changes can impact the manufacture of electrical products and systems.”
“NEMA and its Member companies have devoted months to investigating opportunities in the space,” said NEMA Industry Director for Transportation Systems Division Steve Griffith. “Creating this Council provides a great opportunity to establish a venue for collaboration, networking, and partnering with auto manufacturers and their associations on relevant companies. I encourage manufacturing and technology firms to join the ACC in this effort, an integral part of the overall automotive sector.”
“I am eager to apply my more than two decades of experience in the electric motor industry with the new NEMA Council” added Sue Ozdemir the CEO of Exro Technologies, who is working with Griffith to establish the ACC and will serve as chair of the council. “Having previously worked at General Electric, I have obtained a wealth of knowledge in motor design, automation equipment, and market trends. Transportation electrification is happening, and it will have profound effects on the automotive component market. It is important to stay aligned with this rapidly growing landscape and NEMA is an ideal location for this undertaking.”
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
I just listened to that investor conference call again! WOW! That’s all I can say
Another “halt” type run!
That was full of info! 2021 will be explosive. 2023 isn’t that far away. :)
Looks like .90 is our hurdle. Yo yo then zoom!
I goofed. PFI is the seller. Sorry
I was just looking at Exro on the Canadian Stock Exchange and noticed they are buying into EXRO. They aren’t the only ones.