Exro Company Announces Partner Milestones, Technology and Company Updates Ahead of Quarterly Webcast

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Exro CEO Sue Ozdemir will host the company’s quarterly webcast to deliver shareholders with an update on the corporation and its new and ongoing jobs.
Highlights from the webcast will incorporate success from recent performance tests demonstrating superior Coil Driver overall performance.
Exro will also examine new noteworthy hires and Coil Driver recognition as an Edison Awards Finalist.

CALGARY, AB, April 7, 2022 /PRNewswire/ – Exro Systems Inc. (TSX: EXRO) (OTCQB: EXROF) (the “Firm” or “Exro”), a leading cleanse technology corporation that has designed a new class of electricity electronics for electric motors and batteries, announced currently updates similar to a amount of the firm’s new and ongoing assignments that mark vital milestones and progress toward the commercialization of its Coil Driver^TM technology. For the duration of Exro’s quarterly webcast hosted by CEO Sue Ozdemir, shareholders will get these lover, technology and business updates, as nicely as answers to their queries submitted in advance. A recording of the webcast and the presentation file will be obtainable on the Firm website in this article:

Exro Occasions

Shareholders unable to show up at the webcast can uncover an overview below of the updates that will be included for the duration of the webcast, such as Exro’s new Vehicle Methods division and ongoing function with companions Potencia Industrial, Traktionssysteme Austria (TSA) and Linamar.

Exro Car or truck Programs:

Exro Auto Techniques, a division of Exro Technologies Inc., secured a acquire purchase from a major Tier-1 automotive provider, to deliver additional than $1 million in engineering style and design and consulting expert services. Below the phrases of the acquire get, Exro will deliver style and installation services for a custom electrical powertrain process that options a customized battery pack alternative. The custom made technique made for a mild-responsibility on-road car or truck will also integrate with several automotive primary gear manufacturer (OEM) units, together with ability and command architectures.

Exro’s Car Techniques division will execute this buy from its 15,000 square foot facility in Detroit, Michigan. The division serves as a strategic enhance and entry place to Exro’s e-mobility company for additional income-making options.

Potencia Industrial:

Exro introduced these days an update on the in-motor vehicle demonstration as portion of its ongoing partnership with Potencia Industrial, S.A. DE C.V. (“Potencia”). The two organizations analyzed a mild-duty electrical cargo truck utilizing a Potencia Y45 electrical motor and an Exro 100 Volt Coil Driver on the streets of Mexico Metropolis, Mexico, to take a look at powertrain general performance in densely populated city environments and on hilly terrain. Exro’s partnership with Potencia started in 2018, and given that then they have been developing a high-efficiency and trusted resolution for gentle-obligation electrical automobiles (EVs). This marks an important milestone in the direction of the shipping and delivery of the Coil Driver in North and South American automotive marketplaces.

The most current screening with Potencia reinforces Exro’s means to make improvements to effectiveness and performance in low voltage EV programs and provide its engineering to companions on time. The Corporation and Potencia will proceed to get the job done collectively toward commercialization by supplying alternatives that can effects communities and markets globally. As component of the ongoing collaborative development, Exro and Potencia are checking out 800 Volt programs for medium-and large-duty business applications

A demonstration online video of the motor vehicle traversing the streets of Mexico Metropolis will be shared for the duration of the webcast. The video can also be considered in this article.

“The newest testing of Exro Coil Driver integrated with our Y45 electric motor demonstrates the abilities of our partnership and of Exro to produce versatile methods for mild-obligation industrial electric automobiles,” explained Tomas Gottfried, Complex Director at Potencia Industrial. “As part of our ongoing partnership, we seem forward to discovering additional purposes of this cost-effective know-how in medium- and weighty-responsibility business autos, as we at Potencia provide on our mission to enable Latin America’s changeover to electrification.”

Traktionssysteme Austria:

Traktionssysteme Austria (TSA) is collaborating with Exro as its motor spouse for higher voltage purposes. The two companies are partnering to check and build electric powered generate remedies employing a TSA motor and an Exro Coil Driver.

The Coil Driver screening is progressing efficiently, and so much, the outcomes are exceeding expectations. The effects are exhibiting 4000 Nm of torque and ongoing power of 375kW mechanical output at 4500 RPM, whilst acquiring peak procedure efficiencies of 95%. This represents a substantial general performance enhancement in a single electric powered motor when compared to latest business leaders. Traditionally, achieving substantial torque output may require restricting the speed vary to approximately 2500 RPM or accepting a lessen torque output to improve the pace to bigger boundaries. With Coil Driver both of those efficiency outputs can be completed in a single motor.

Tests is on track to be done with comprehensive general performance mapping this quarter to commence offering the large voltage Coil Driver pilots to associates.

SEA Electrical:

The latest TSA screening supports on-time shipping of the superior voltage Coil Driver for the SEA Electrical job in the second quarter of this yr. Using SEA Electric’s proprietary electric powered energy technique technology, the organizations will uplift a Mack LR rubbish truck with an 800 Volt Coil Driver procedure and TSA motor, and an F59 UPS supply truck with a 400 Volt Coil Driver process and TSA motor. Following completion of in-vehicle screening, Exro and SEA Electric powered hope to accept orders for mass-sector commercial fleet applications by the conclusion of this calendar year.

Linamar:

Prototype tests and validation for a compact and cost-effective e-Axle with Coil Driver are on monitor to be accomplished this quarter. On the other hand, the Linamar job is delayed from delivery in the next quarter of 2022 to the early third quarter of this year. While the Coil Driver development continues to be on observe, Linamar and Exro have expert offer chain delays as it relates to the electric powered motor in the e-axle.

Exro is supporting Linamar’s entry into the electrical powertrain house for medium-duty professional vehicles by planning and giving gearbox and intelligent inverter methods for substantial-pace minimal torque and reduced-speed large torque programs. This partnership with a Tier 1 automotive provider will also create Exro’s situation in the really aggressive automotive supply chain.

Outside of undertaking and associate upda
tes, the webcast will include current enterprise updates these kinds of as the selecting of Darrell Bishop, a seasoned cash marketplaces qualified, as Exro’s President, Finance and Trader Relations, and the addition of previous Rivian COO Rod Copes, who provides strategic understanding on the global mobility industry, to the advisory board. The Firm’s Coil Driver was also selected as a finalist in the 2022 Edison Best New Product or service Awards™ for production, logistics, and transportation. Last but not least, Julie Wurmlinger has resigned from Exro’s Board of Directors thanks own reasons. The Business wishes her the most effective and thanks her for her guidance and support.

“It was wonderful to have the prospect to engage straight with our outstanding shareholders and followers nowadays. We gained heaps of concerns, and we seriously strived to address all thoughts to the finest of our qualities,” stated Sue Ozdemir, CEO of Exro. “We hope our buyers, can see just how thrilled we are about the trajectory of our business, and that we continue to stay focused on achieving milestones in the close to-term, which we feel maintain the opportunity to get started unlocking benefit for our shareholders.”

About Exro Technologies Inc.

Exro is a clean up technologies enterprise revolutionary smart control remedies in electricity electronics to assist solve the most tough troubles in electrification. Exro has designed a new course of manage technologies that expands the capabilities of electric motors, generators, and batteries. Exro permits the software to obtain more with fewer strength eaten.

Exro’s sophisticated motor regulate know-how, the Coil Driver^TM, expands the capabilities of electric powered powertrains by enabling intelligent optimization for productive vitality usage. Exro is operating with lots of partners from all more than the environment to carry their technologies to the electric powered mobility industries and outside of.

For additional info stop by our web-site at www.exro.com.

To see our Corporate Presentation visit us at www.exro.com/investors

Take a look at us on social media @exrotech.

CAUTIONARY Assertion About Ahead Wanting STATEMENTS

This news release has forward-hunting statements and ahead-looking facts (with each other, “forward-hunting statements”) in the which means of applicable securities regulations. All statements, other than statements of historic info, are ahead-seeking statements. Frequently, ahead-hunting statements can be recognized by the use of terminology this kind of as “options”, “expects”, “estimates”, “intends”, “anticipates”, “thinks” or versions of these kinds of words, or statements that specific actions, gatherings or success “might”, “could”, “would”, “could possibly”, “will be taken”, “happen” or “be accomplished”. Forward searching statements include dangers, uncertainties and other variables disclosed underneath the heading “Possibility Aspects” and elsewhere in the Firm’s filings with Canadian securities regulators, that could bring about actual success, efficiency, prospective clients and opportunities to vary materially from people expressed or implied by these types of ahead-on the lookout statements. Even though the Company believes that the assumptions and components applied in planning these ahead-looking statements are affordable based mostly on the details now out there to administration as of the date hereof, genuine results and developments may possibly differ materially from all those contemplated by these statements. Visitors are hence cautioned not to area undue reliance on these statements, which only implement as of the day of this news launch, and no assurance can be specified that these types of events will manifest in the disclosed instances frames or at all. Besides the place required by applicable regulation, the Firm disclaims any intention or obligation to update or revise any forward-hunting statement, irrespective of whether as a final result of new info, future events or if not.

This details is certified in its entirety by cautionary statements and threat aspect disclosure contained in filings created by the Enterprise with the Canadian securities regulators, which includes the Company’s yearly facts sort for the fiscal 12 months finished December 31, 2020, and money statements and linked MD&A for the money calendar year ended December 31, 2020, submitted with the securities regulatory authorities in selected provinces of Canada and available at www.sedar.com. Should really 1 or a lot more of these challenges or uncertainties materialize, or should really assumptions underlying the forward-on the lookout facts establish incorrect, actual outcomes may possibly fluctuate materially from people described herein as intended, prepared, expected, considered, approximated or predicted. Even though the Enterprise has attempted to establish crucial pitfalls, uncertainties and variables which could lead to true final results to vary materially, there may be other people that result in success not to be as anticipated, approximated or supposed. The Business does not intend, and does not suppose any obligation, to update this ahead-hunting information and facts other than as usually needed by relevant regulation.

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