Bullboard - Stock Discussion Forum Exro Technologies Inc. T.EXRO

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

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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... see more

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TSX:EXRO - Post Discussion

Exro Technologies Inc. > Rheinmetal on the list for Obligations for Canadian ITBs

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Post by ExroYolo on Nov 02, 2023 4:42pm

Rheinmetal on the list for Obligations for Canadian ITBs

Don't know too much about it so I'm just going to post these links here so people can do their own DD.

Here is a bit on ITBs: https://ised-isde.canada.ca/site/industrial-technological-benefits/en

Here is a list of companies with obligations to spend money in Canada: https://ised-isde.canada.ca/site/industrial-technological-benefits/en/projects-and-obligations/report-contractor-progress/breakdown-current-obligations-contractor

I hear there is a huge tax break for the obligation spending.

great day, hope it continues, GLTA

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Comment by Pandora on Nov 02, 2023 5:07pm

Looks like it is all military!

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Comment by ExroYolo on Nov 02, 2023 5:21pm

It is all military, but they are obligated to invest in emerging canadian technology to drive innovation in canada. So these obligation are not nessesarily direct military products, based on my current understanding.

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