EXRO will be a huge winnerHow people should view EXRO Technologies! This is a company that has the technology and leadership to help REVOLUTIONIZE the electric motors and batteries space to make the world a better place for all. If you do not want to be part of it, that is fine, move on but no need to slander good companies making a difference.
20 yrs ago there was a 12” long, 2“ wide portable phone, today cell phones are thin, light weight, powerful and efficient. Exro Coil Driver Technology (the brains of the motor) can bring similar step change benefits to the EV / electric motor space, enabling for less parts, less weight, more free space all while maximizing the efficiency of the motor.
In addition, they have proof of concept on their Battery Energy Storage Solution (BESS) and the Battery Control System that provides a cost effective performance enhancing battery control system. Hand in hand with the coil driver, this duo will bring in the business.
Like any great company (Apple, Tesla, Netflix to name a few), it takes time to prove the concept, ramp up commercialization and Exro is already well on their way along this path. Exro has proof of concept in the small mobility area and commercialization has started with their LAND agreement. Shortly, they will complete these stages in the bigger and more powerful motors. Exro has a perfect portfolio of strategic relationships across many regions globally showing their ability to apply their technology in many ways. Brilliant strategy.
Lastly, but certainly not least, the leadership and Board of Exro Technologies are first class all the way! They meet their milestones! They are fiscally responsible and the company is financially strong! The path is being paved for a VERY bright future for this company. Tomorrow is a buy day for sure as this is trading a large discount.