Exro Technologies

Record quarterly revenue of C$5.3 million with C$6.7 million at quarter end in completed units Exceeded targeted bill of material costs and savings of 5%, recognizing over 10% Recognized cumulative annual business cost-savings of US$7.5 million and on track to deliver 2024 target of US$10 million Awarded ETL certification for the Exro Cell Driver® stationary battery energy storage system Subsequent to quarter end, restructured US$53 million convertible debenture into a promissory note, removing the dilutive potential of a convert while providing up to an additional US$7 million in funding CALGARY, AB , Aug. 14, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, today announced its financial results for the second quarter ended June 30, 2024. The earnings presentation is available on the Company's investor relations website here. » Mehr auf prnewswire.com

Progression of integration of Coil Driver™ technology into Exro's proprietary EV propulsion system Coil Driver™ integration for innovative Class 5 platform commercial vehicle Flexibility in packaging enables shorter wheelbase design offering improved total cost of ownership CALGARY, AB, Aug. 13, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is pleased to announce progression in its integration project of Exro's Coil Driver™ inverter technology with Exro's proprietary EV propulsion system that powers SEA 5e, a Class 5 Battery Electric Truck that is built on Hino's Class 5 Rolling Cab Chassis. The pilot project is a key step towards commercialization and enables a cost-effective powertrain that supports the mission to reduce costs in commercial electric vehicles, bringing electric vehicles to parity with combustion engines. » Mehr auf prnewswire.com

Strategic agreement with premier North American partner for commercial businesses with repeatable footprints Agreement includes binding purchase order for 10 Cell Driver™ pilot units for deployment in key energy markets with focus on California and New England Binding purchase order follows directly after Cell Driver™ awarded ETL certification to UL standard 9540 in June Partnership presents the first of many opportunities for future customer growth and further solidifies Cell Driver's value proposition and commitment to advancing sustainable energy CALGARY, AB , Aug. 12, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean-technology company that provides proprietary propulsion system technology for e-mobility and proprietary battery control technology for stationary energy storage, today announced a strategic agreement (the "Agreement") between the Company's new division Cellex Energy Inc. ("Cellex") and a premier North American "Energy as a Service" (EaaS) partner (the "EaaS Partner") for commercial businesses with repeatable footprints. The Agreement includes a binding purchase order for 10 of Exro's Cell Driver™ pilot units, with plans to deploy the units in strategic US regions including California and New England. » Mehr auf prnewswire.com