Exro Announces Cell Driver™ Pilot Strategic Agreement and Purchase Order
Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) has announced a strategic agreement through its division Cellex Energy Inc. with a premier North American 'Energy as a Service' (EaaS) partner. The agreement includes a binding purchase order for 10 Cell Driver™ pilot units to be deployed in key US energy markets, focusing on California and New England. This follows the Cell Driver™ receiving ETL certification to UL standard 9540 in June.
The EaaS partner will own and operate the Cell Driver™ energy storage systems, showcasing various operational modes including backup power, solar assistance, and grid-tied features. The systems will participate in local demand response programs as part of a virtual power plant. The 12-month pilot phase will demonstrate the scalability and effectiveness of the technology, with payment terms spanning up to two years from delivery.
Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) ha annunciato un accordo strategico attraverso la sua divisione Cellex Energy Inc. con un importante partner nordamericano nel settore 'Energia come Servizio' (EaaS). L'accordo include un ordine d'acquisto vincolante per 10 unità pilota Cell Driver™ che verranno distribuite nei principali mercati energetici statunitensi, concentrandosi su California e New England. Questo segue il conseguimento della certificazione ETL secondo lo standard UL 9540 a giugno.
Il partner EaaS possiederà e gestirà i sistemi di stoccaggio energetico Cell Driver™, mostrando diverse modalità operative tra cui alimentazione di emergenza, assistenza solare e caratteristiche collegate alla rete. I sistemi parteciperanno ai programmi di risposta alla domanda locale come parte di una centrale elettrica virtuale. La fase pilota di 12 mesi dimostrerà la scalabilità e l'efficacia della tecnologia, con termini di pagamento fino a due anni dalla consegna.
Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) ha anunciado un acuerdo estratégico a través de su división Cellex Energy Inc. con un socio destacado en América del Norte en el sector de 'Energía como Servicio' (EaaS). El acuerdo incluye una orden de compra vinculante para 10 unidades piloto Cell Driver™ que se desplegarán en los principales mercados energéticos de EE. UU., centrándose en California y Nueva Inglaterra. Esto sigue a la obtención de la certificación ETL según el estándar UL 9540 en junio.
El socio de EaaS será propietario y operará los sistemas de almacenamiento de energía Cell Driver™, mostrando varios modos operativos que incluyen energía de respaldo, asistencia solar y características conectadas a la red. Los sistemas participarán en programas de respuesta a la demanda local como parte de una planta de energía virtual. La fase piloto de 12 meses demostrará la escalabilidad y efectividad de la tecnología, con términos de pago que se extienden hasta dos años después de la entrega.
엑스로 테크놀로지스 Inc. (TSX: EXRO, OTCQB: EXROF)는 Cellex Energy Inc. 부서를 통해 '서비스로서의 에너지' (EaaS) 분야의 주요 북미 파트너와 전략적 협력을 발표했습니다. 이 협정에는 주요 미국 에너지 시장, 특히 캘리포니아와 뉴잉글랜드에 배포될 10개 Cell Driver™ 시범 장치에 대한 유효한 구매 주문이 포함되어 있습니다. 이는 Cell Driver™가 6월에 UL 기준 9540에 대한 ETL 인증을 받은 후에 이루어진 일입니다.
EaaS 파트너는 Cell Driver™ 에너지 저장 시스템을 소유하고 운영하며, 백업 전원, 태양광 보조 및 그리드 연결 기능을 포함한 다양한 운영 모드를 보여줄 것입니다. 이 시스템은 가상 발전소의 일환으로 지역 수요 대응 프로그램에 참여할 것입니다. 12개월 시범 사업 기간은 기술의 확장성 및 효율성을 입증할 것이며, 지불 조건은 배송 후 최대 2년까지 연장됩니다.
Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) a annoncé un accord stratégique par le biais de sa division Cellex Energy Inc. avec un partenaire nord-américain de premier plan dans le secteur de 'L'énergie en tant que service' (EaaS). L'accord comporte un ordre d'achat contraignant pour 10 unités pilotes Cell Driver™ qui seront déployées sur les principaux marchés énergétiques américains, en mettant l'accent sur la Californie et la Nouvelle-Angleterre. Cela fait suite à l'obtention de la certification ETL selon la norme UL 9540 en juin.
Le partenaire EaaS possédera et exploitera les systèmes de stockage d'énergie Cell Driver™, montrant divers modes opérationnels, y compris l'alimentation de secours, l'assistance solaire et des fonctionnalités connectées au réseau. Les systèmes participeront à des programmes de réponse à la demande locale dans le cadre d'une centrale électrique virtuelle. La phase pilote de 12 mois démontrera la scalabilité et l'efficacité de la technologie, avec des conditions de paiement allant jusqu'à deux ans après la livraison.
Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) hat eine strategische Vereinbarung über ihre Abteilung Cellex Energy Inc. mit einem führenden nordamerikanischen 'Energy as a Service' (EaaS) Partner bekannt gegeben. Die Vereinbarung umfasst eine bindende Bestellung von 10 Cell Driver™ Pilotanlagen, die in wichtigen US-Energiemärkten, insbesondere in Kalifornien und Neuengland, eingesetzt werden sollen. Dies folgt auf die ETL-Zertifizierung gemäß UL-Norm 9540, die im Juni erteilt wurde.
Der EaaS-Partner wird die Cell Driver™ Energiespeichersysteme besitzen und betreiben, die verschiedene Betriebsmodi, einschließlich Notstromversorgung, Solaranlage und netzgebundene Funktionen, demonstrieren. Die Systeme werden im Rahmen eines virtuellen Kraftwerks an lokalen Lastmanagementprogrammen teilnehmen. Die 12-monatige Pilotphase wird die Skalierbarkeit und Effektivität der Technologie demonstrieren, wobei die Zahlungsbedingungen bis zu zwei Jahre nach der Lieferung reichen.
- Binding purchase order for 10 Cell Driver™ pilot units
- Strategic partnership with a premier North American EaaS provider
- Deployment in key energy markets (California and New England)
- Recently obtained ETL certification to UL standard 9540
- Potential for future customer growth and expansion
- Extended payment terms up to two years from delivery
- Pilot phase results will determine future rollouts
- 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
This Agreement is significant for both parties. Cellex's new EaaS Partner is in the market of providing comprehensive energy management solutions to a portfolio of commercial customer clients across the
"This Agreement represents an exciting launch for Cellex, coming directly after achieving ETL certification to UL standard 9540," said Cellex's General Manager, John Meekison. "We are eager to see our Cell Driver™ units in action and the resulting benefits for both our clients and shareholder value. This partnership presents the first of many opportunities for future customer growth and further solidifies our commitment to advancing sustainable energy solutions."
In addition to the key geographical coverage, these projects will showcase Cell Driver™ operating in several modes such as stand-alone backup power, solar-assisted backup power, plus grid-tied features including demand charge management, solar self-consumption, and net-zero export. The systems will participate in various local demand response programs, functioning as part of a virtual power plant (VPP). It is planned for several sites to feature multiple Cell Driver™ energy storage systems (units stacked together), highlighting the scalability and effectiveness of the technology.
As part of this Agreement, 10 Cell Driver™ units are being purchased for deployment during a 12-month pilot phase. Units will be slotted for manufacturing as project sites are selected and timelines are confirmed. Payment terms include six invoicing milestones starting from the time of site selection up to two years from delivery. Exro will maintain a security interest against the Cell Driver™ units sold until all payments are fulfilled. Following the pilot phase, the Parties will evaluate together plans for future Cell Driver™ rollouts.
About Cell Driver™
The 90kW / 192kWh Cell Driver™ is Cellex Energy's first product offering for the Commercial and Industrial ("C&I") energy storage market. While still in the early stages, the global C&I market size was valued at
Cell Driver's unique patented technology allows for a new paradigm of battery management right down to the cell level. Individual cells can be managed, turned off or on and isolated from other cells. This in turn enables enhanced safety, visibility into and management of battery health, plus increased "up time" during maintenance and repair cycles. Combined with Cellex's state of the art energy management system ("EMS"), Cell Driver is perfectly suited for managing a user's complete energy needs both from grid delivered power, solar, wind, hydrogen or any combination of the above energy sources.
The Cell Driver Pilot program is a key step in validating the technology's utility and value proposition for end users as Cellex ramps it's marketing and sales programs.
ABOUT EXRO TECHNOLOGIES INC.
Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro recently formed Cellex Energy Inc., a wholly owned subsidiary of Exro with the goal of launching Exro's energy storage product lines. Together, Exro and Cellex are reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results.
For more information visit our website at www.exro.com.
To view our Corporate Presentation visit us at www.exro.com/investors
Visit us on social media @exrotech.
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SOURCE Exro Technologies Inc.
FAQ
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