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Exro Technologies Inc. is a leading clean technology company that has developed a new generation of power control electronics to enhance electric motors and batteries. The company recently completed the merger with SEA Electric, focusing on accelerating revenue growth and technology deployments. With a strong emphasis on strategic collaborations, Exro has successfully integrated its innovative technologies into multiple sectors, including commercial delivery vehicles and stationary energy storage systems. Notable achievements include UL certification for its Cell Driver™ energy storage system, key partnerships with global OEMs, and a commitment to sustainable electrification.
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Exro Technologies Inc. releases a Q1 2024 letter to shareholders, highlighting its operational performance in 2023 and outlining key focus areas and milestones for the upcoming year. The company emphasizes transformative collaborations and commercial partnerships, real-world validation with technology partners, and significant progress in projects with global automotive OEMs and other multinational companies. Despite market pressures, Exro remains confident in its technology potential and aims to create long-term shareholder value. The company also provides updates on its financials and plans to host a shareholder livestream.
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Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) provided an operational update in a 2023 year-end letter to shareholders, addressing Cell Driver™ UL testing progress, Coil Driver™ agreements, interest payments, SEA-Electric track testing, and NDA partner updates.
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Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) announced significant milestones in its first in-field pilot location for its Cell Driver™ Energy Storage System in partnership with Red Deer Polytechnic and the lifting of the nondisclosure agreement with Giaffone Electric. The company also disclosed a shareholder webcast today at 12:30 pm ET.
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Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) announced its Q3 2023 financial results, generating $2,032,669 and $4,800,730 in revenue for the three and nine months ended September 30, 2023, respectively. The company also achieved certification of its Cell Driver™ battery modules to the UL 1973 standard and was granted a patent for its Cell Driver™ technology. Exro saw an increase in operating costs for the nine months ended September 30, 2023, driven by higher payroll and research and development costs compared to the same period in 2022.
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Exro Technologies provides Q4 2023 letter to shareholders, highlighting progress in customer integrations and partnerships.
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Exro Technologies Inc. has officially started production of its patented Coil Driver™ technology for electric vehicles. The milestone is backed by purchase orders from Italian OEM supplier HB4 Group and Canadian electric bus and commercial vehicle manufacturer Vicinity Motor Corp. Exro's manufacturing center is capable of producing 100,000 Coil Driver™ units per year. The start of production marks a significant step towards unlocking the $45 billion market opportunity in commercial e-vehicles.
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Exro Technologies Inc. announces successful certification of its Cell Driver™ battery modules to UL 1973 standard. Anticipates completion of UL certification in Q4 2023, followed by series production and customer deliveries. Recently granted patent protection for cell level control of batteries. Management to host monthly livestream event for shareholders.
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Exro Technologies Inc. announced that all candidates listed in the Company's Management Information Circular were elected as directors at its Annual General and Special Meeting of Shareholders. Other matters put forward to shareholders were also approved.
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FAQ
What is the current stock price of Exro Technologis (EXROF)?
The current stock price of Exro Technologis (EXROF) is $0.0571 as of February 21, 2025.
What is the market cap of Exro Technologis (EXROF)?
The market cap of Exro Technologis (EXROF) is approximately 38.8M.
What does Exro Technologies Inc. focus on?
Exro Technologies Inc. is a leading clean technology company that develops power control electronics to enhance electric motors and batteries.
What recent merger did Exro Technologies Inc. complete?
Exro Technologies Inc. recently completed a transformational merger with SEA Electric, aiming to accelerate revenue growth and technology deployments.
What are some achievements of Exro Technologies Inc.?
Exro Technologies Inc. has achieved UL certification for its Cell Driver™ energy storage system, formed key partnerships with global OEMs, and demonstrated a commitment to sustainable electrification.
In which sectors has Exro Technologies Inc. successfully integrated its technologies?
Exro Technologies Inc. has integrated its innovative technologies into various sectors, including commercial delivery vehicles and stationary energy storage systems.
What is a notable achievement mentioned in the description?
One notable achievement is the UL certification received for the Cell Driver™ energy storage system.
What sets Exro Technologies Inc. apart from other companies?
Exro Technologies Inc. distinguishes itself through its focus on strategic collaborations, sustainable electrification, and innovative power control electronics.
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