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Exro Technologies Inc. T.EXRO

Alternate Symbol(s):  T.EXRO.WT | EXROF

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.


TSX:EXRO - Post by User

Post by beaner53on Mar 28, 2023 6:59pm
251 Views
Post# 35365727

Budget specifics related to "growing clean economy"

Budget specifics related to "growing clean economy"
I see a few areas that Exro could tap into. It will be interesting to see if the "investment"  referred to is applied retrospectively to costs incurred. A big number obviously.

Tax credits are generally claimed in conjuction with the the filing of the corporate tax return but can be filed separately within a specified time frame. I assume this program will be administered similar to the current scientific research and experimental development (SR&ED) tax incentives program but it might be a completely stand alone program. It should also be noted that these credits are fully refundable i.e. companies that are experiencing losses for tax purposes will get the benefit of the credits. For those companies that do have taxable income, the credits are applied firstly to reduce the taxes with any excess after applying the credits, fully refunded. We know where Exro sits in that respect. For now.  


https://www.canada.ca/en/department-finance/news/2023/03/a-made-in-canada-plan-affordable-energy-good-jobs-and-a-growing-clean-economy.html
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