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Exro Technologies Inc T.EXRO

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

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

Comment by Konaboyon Feb 28, 2023 7:10am
108 Views
Post# 35308894

RE:Thoughts

RE:ThoughtsLead times for design, development and delivery to market in the automotive industry are relatively long.  But once the plans get locked in, it can domino/snowball quickly.  Potentially very exciting that Rheinmetall is active in with the US Army CTT concept, but look at the timelines ... and they are not the only competitor.

The Army will begin evaluating the initial prototypes at the start of 2024, according to Friday’s statement. The evaluation results will feed a capabilities development document that will be submitted to the Army Requirements Oversight Council. The council is to make a decision in fiscal 2026 on whether to move forward. 

If the Army greenlights the requirements, the plan is to then again open the competition, allowing vendors to submit bids for the engineering and manufacturing development phase, the statement added.

Initial production could total about 5,700 vehicles valued at about $5 billion. 
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