Exro Technologies Inc. T.EXRO

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

Industrials

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.

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Exro Technologies Inc.

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Post by jboom70on Jan 15, 2024 7:52am

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Financials
As we enter 2024 Exro continues to execute its capital markets strategy to ensure we are adequately funded to deliver to customers and shareholders. The majority of our capital expenditures have already been invested to complete our Calgary manufacturing facility in 2023, and with moving Coil Driver and Cell Driver technologies from R&D through to production, Exro will look to lean out costs as we enter a new phase of commercial in 2024.

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