Exro Technologies Inc T.EXRO

Alternate Symbol(s): EXROF | T.EXRO.WT | T.EXRO.WT.A

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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 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 > Exro Lawsuit Defamation vs. ePropelled Information

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Comment by Moemoney42on Feb 18, 2022 1:20pm

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Post# 34442536

RE:RE:RE:RE:RE:Exro Lawsuit Defamation vs. ePropelled Information

That's the way I interpret it also, as a minimum threshold but then again I'm no lawyer.. I would think the claim would be in the multi millions.. so then what happens if ePropelled doesn't have the money to pay the judgement if EXRO wins the case.. does it become X-Propelled?? Or would they have insurance to cover this type of self inflicted debacle.?

SIMPLICITI1 wrote: Moemoney42

As per the copy of the claim posted by Gates20000

47. ePropelled’s violations of Mass. Gen. Laws Ch. 93A, §§ 2 & 11 have caused damage to Exro, in excess of $50,000, plus other costs, expenses, and damages to be proven at trial.

I believe this $50,000 number represents the minimum threshold amount for a defamation claim for an action in this court. It costs the taxpayer money to hold trials and the threshold helps keep the docket in play for important actions.

It does not represent the minimum value of their claim...... That will be a value determined by the jury in the court case ......and that is the value that can be trebled.