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Exro Technologies Inc. T.EXRO

Alternate Symbol(s):  T.EXRO.W | 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 Danno13on Feb 27, 2024 7:05am
145 Views
Post# 35900840

Revenues

RevenuesExro has estimated $40-50 million in revenue this year. SEA is expected to make well over $200 million... the demand is certainly there... Linamar contract production starts later this year, along with a demo vehicle being co-marketed with Linamar at the ACT expo in May. European NDA contract should be announced soon 8-10k annual coil driver systems ... these are only a few of Exros partners... hundreds of millions in revenue... Deliveries with their top 10 customers are happening now,and have been happening all year. Cell Driver UL with up to 30 new partners/pilots ready to go possibly announced any day... SEA has been delivering and is on target for Q1 for their 75 propulsion systems. Revenue is incoming. Q2 180 systems is the target... if they deliver we will be doing quite well... thats only half the year... Thanks Canada Plumber
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