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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 Wriggleson Apr 15, 2023 2:56pm
304 Views
Post# 35396811

Rheinmetall

Rheinmetall
https://rheinmetall-defence.com/en/rheinmetall_defence/systems_and_products/index.php
 
EXRO's new strategic partner is described as a Tier 1 motor supplier for buses, trucks and off-road vehicles, with emphasis on the former.  I have trouble seeing how Rheinmetall fits this bill.  Maybe I am missing something.
 
Rheinmetall is primarily a defence OEM.  Its list of products are included in the link.  Mostly weapons, tactical vehicles and C4 systems. It has very little to do with commercial e-vehicles.  And nothing mentioned about buses that I could find.
 
It does have two traction motors in its inventory.  By the description in the product specs, these have only recently achieved validation and are unlikely to currently be installed in any vehicles.  
 
I believe that Rheinmetall and GM Defence have a fighting chance with the Army's new Tactical Truck program with Rheinmetall's HX3 platform, which could be attractive for EXRO.  As far as the new stategic partner goes, I would consider the more "pure" European Tier 1 powertrain providers such as Danfoss, Bosch, ZF, Vitesco, GKN and Borg Warner to be more likely candidtates, particularly the ones that fit the sales and employee description.
 
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