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NetworkNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Provides Update on Coil Driver Collaboration with Potencia

Company: Exro Technologies Inc. (EXROF)
Category: News

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has released an update on its Coil Driver for electric cars with Potencia Industrial, S.A. DE C.V. The update noted that testing is complete on the integration of the Potencia electric motor with Exro’s 100 volt Coil Driver, and the Coil Driver will be shipped to Potencia this week. Exro had been targeting a late 2020 shipping date. Exro’s team will now work with the Potencia to conduct rigorous testing to ensure operational validation in an electric car application; Potencia is expected to provide performance validation results by Q3 2021. “Despite the slight delay, we are delighted to get the Coil Driver over to Potencia now and can’t wait to see the results from their performance tests,” Exro CEO Sue Ozdemir in the press release. “I am proud of all the extra efforts from our engineering team to get this completed. Our collaboration with Potencia remains strong, and we will continue to make this project deliverable a priority in the months ahead.”

To view the full press release, visit https://www.nnw.fm/zChyd

About Exro Technologies Inc.

Exro is a clean-technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators and batteries. Exro enables the application to achieve more with less energy consumed. Exro’s advanced motor control technology, the Coil Driver, expands the capabilities of powertrains by enabling two separate torque profiles within a given motor. A major advancement in the sector, dynamic motor configuration enables efficiency optimization for each operating mode resulting in reduction of energy consumption. The controller automatically selects the appropriate configuration in real time so that power and efficiency are intelligently optimized. For more information about the company, please visit www.Exro.com.

NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://nnw.fm/EXROF

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