STOCK TITAN

Julie (McCoy) Wurmlinger, Retired Chief Engineer from Ford Motor Company and President/Owner of OhmTek, LLC joins Exro Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary

Exro Technologies welcomes Julie Wurmlinger to its Board of Directors, adding significant automotive expertise. A retired Global Chief Engineer from Ford and President of OhmTek, LLC, Wurmlinger brings over 30 years of experience in powertrain innovation. Her focus will be on accelerating Exro's technology commercialization across global sectors. Wurmlinger has a strong background in product development and has received accolades for her engineering contributions. This leadership addition is regarded as crucial for advancing Exro's objectives in the clean tech industry.

Positive
  • Julie Wurmlinger's extensive experience in the automotive industry could enhance Exro's strategic direction.
  • Her background in powertrain innovation may accelerate commercialization efforts for Exro's technology.
Negative
  • Concerns may arise regarding continuity and integration of Wurmlinger's vision with existing Board strategies.

Exro Technologies is pleased to announce Julie (McCoy) Wurmlinger to the Board of Directors

  • Retired Global Chief Engineer from Ford Motor Company and current President/Owner of OhmTek, LLC Technical Consulting joins Exro Board of Directors
  • Possesses decades of experience in the automotive industry
  • Committed to accelerating commercialization of Exro's technology into global powertrain sectors and automotive applications

CALGARY, AB / ACCESSWIRE / September 29, 2020 / Exro Technologies Inc. (TSXV:EXRO)(OTCQB:EXROF), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce that Julie (McCoy) Wurmlinger, an accomplished engineering leader in the automotive industry, has joined the Exro Board of Directors ("Board of Directors").

As a retired Global Chief Engineer from Ford Motor Company and current President/Owner of OhmTek, LLC, with more than 30 years of experience, Ms. Wurmlinger brings a global perspective to innovation and product development in the powertrain sector. Ms. Wurmlinger began working in product development at Ford Motor in 1986 and quickly grew from engineer to manager, while being awarded three patents for powertrain innovations. She then continued to impact Ford's leading powertrain systems through her tenure as Global Chief Engineer, winning the SWE Global Leadership Award and UK "Business Insider" Top Female Engineer Award. Ms. Wurmlinger has lived and worked overseas extensively and has managed several global business units since 2010. Since retiring from Ford Motor in 2018, Ms. Wurmlinger has launched OhmTek, LLC, a Technical Consulting firm, specializing in automotive and electrical engineering solutions. Ms. Wurmlinger holds a Bachelor of Science degree in Computer Science and a Master of Science degree in Electrical Engineering from Wayne State University.

"I am excited to join Exro's Board of Directors," stated Ms. Wurmlinger. "I look forward to working alongside my fellow Board members and company management to accelerate the commercialization of this truly innovative technology. Exro has an opportunity to add significant value to powertrain sectors globally and I'm looking forward to help bring this technology to market."

"We are pleased to welcome Julie to our Board of Directors at this important stage of Exro's evolution," commented Sue Ozdemir, CEO of Exro. "As a highly respected automotive executive with valuable industry experience, we look forward to Julie's expertise and engagement in guiding our objectives to bring our breakthrough technology to markets globally."

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
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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Exro Technologies Inc.



View source version on accesswire.com:
https://www.accesswire.com/608136/Julie-McCoy-Wurmlinger-Retired-Chief-Engineer-from-Ford-Motor-Company-and-PresidentOwner-of-OhmTek-LLC-joins-Exro-Board-of-Directors

FAQ

What is the significance of Julie Wurmlinger joining Exro's Board of Directors?

Julie Wurmlinger's appointment is significant as she brings over 30 years of automotive engineering experience, which can help steer Exro's strategies towards successful commercialization.

What is Julie Wurmlinger's professional background?

Julie Wurmlinger is a retired Global Chief Engineer from Ford Motor Company and is currently the owner of OhmTek, LLC, specializing in technical consulting.

How might Julie Wurmlinger's expertise impact Exro's technology commercialization efforts?

Wurmlinger's extensive background in powertrain systems may enable Exro to optimize its product offerings and expedite entry into global markets.

What awards has Julie Wurmlinger received in her career?

Julie Wurmlinger has received the SWE Global Leadership Award and was recognized as one of the Top Female Engineers by UK 'Business Insider'.

EXRO TECHNOLOGIES INC

OTC:EXROF

EXROF Rankings

EXROF Latest News

EXROF Stock Data

63.61M
354.12M
16.7%
18.21%
Electrical Equipment & Parts
Industrials
Link
United States of America
Calgary