Calgary, Alberta (November 3, 2021) – Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) (the “Company” or “Exro”), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, announced today the launch of its services arm to provide vehicle integration solutions for automakers pursuing electrification. The new division, called Exro Vehicle Systems (the “division”), will provide end-to-end electric vehicle (EV) design and engineering services.
The division will be led by Brian Van Batavia, former Bollinger Motors Technical Director and AVL Chief Engineer of Electrification, who joins Exro as President of the division and has strong expertise in systems integration engineering. In his career, Van Batavia has built up a wealth of expertise and accomplishments in the areas of electric and hybrid vehicles, alternative energy systems, electro-mechanical systems controls, and connected vehicle systems. He holds several patents related to hybrid and electric vehicles and powertrains and has authored a number of papers and articles related to vehicle energy management and controls. Van Batavia will bring his team of engineers alongside him as he joins Exro, including Justin Goeglein as the division’s Director of Engineering. Goeglein has over 10 years of expertise in integration of automotive vehicle platforms with a specialty in software solutions.
Exro’s Vehicle Systems division will focus on complete powertrain designs that integrates Exro’s core technology with vehicle powertrains including embedded software, Vehicle Control Units (VCUs) and batteries. The division will build on Exro’s suite of existing product offerings with Coil Driver™ and Battery Control System to solve additional challenges for automotive customers. It is expected that the services division can yield business for the Coil Driver™ by introducing automakers to Exro’s independently tested technology in the early design stages to create lower cost yet higher performing electric vehicles at scale, which is the key to accelerating EV adoption.
Exro plans to open a facility in Detroit in2022, the heart of the automotive industry, to service the top automakers pursuing aggressive EV goals. The Detroit office will enable the Company to capitalize on services opportunities in the region and among the emerging electrified vehicle industry. This is an important milestone for Exro as it adds a new channel for revenue generation and enables the Company to serve as a one-stop-shop for vehicle manufacturers finding their footing in the electric revolution. Combined with Exro’s product technology and ability to deliver continuous innovation, the addition of Van Batavia and his team positions the Company as a valuable part of the EV supply chain.
“I’m continuously energized by the growth our team has achieved this year, and I’m thrilled to welcome Brian and Justin to Exro,” said Sue Ozdemir, CEO of Exro Technologies. “The addition of this new arm enables us to better support our customers and fast-growing pipeline with holistic solutions that complement our core technologies for automakers pursuing electrification, while facilitating a new path to accelerate our business growth.”
“I’ve been keeping a pulse on Exro since I first learned about the company’s ability to bring a more cost-effective electric vehicle to market,” said Brian Van Batavia, President of Exro Vehicle Systems. “I’m excited to join the incredible group at Exro and use my expertise in systems engineering for electrified vehicles to drive new organic growth by delivering new optimal powertrain solutions to the electric mobility industry.”
About Exro Technologies Inc.
Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. Exro enables the application to achieve more with less energy consumed.
Exro’s advanced motor control technology, the Coil Driver, expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many partners from all over the world to bring their technology to the electric mobility industries and beyond.
For more information visit our website at www.exro.com.
Visit us on social media @exrotech.
Contact Information
Investor inquiries: ir@exro.com
Canada investors: Jake Bouma at 604-317-3936
United States investors: Vic Allgeier at 646-841-4220
Media inquiries: media@exro.com