Looks Like Over 20 Employees Attending, Here is the Agenda....... the set up should be interesting and here is what I think they will go over.....MOO
.....New commercial agreement and purchase order with Italian Original Equipment Manufacturer (“OEM”) supplier HB4. Under a non-disclosure agreement (“NDA”) for more than two years, the parties have successfully piloted an HB4 motor and Coil Driver™ in a small passenger car with an Italian EV OEM. → New commercial agreement for Coil Driver™ Systems with a private Brazil-based retrofitter which includes a pilot program with a major global beverage company. Identities withheld under NDA until successful pilot validation. → In December, Exro Vehicle Systems delivered a custom electric powertrain system for a light-duty on-road vehicle for a leading automotive OEM. More recently, Exro Vehicle Systems was awarded its first major services contract of 2023 with an emerging electric vehicle brand.
Coil Driver™ product suite preparing for first customer volume deliveries and revenues in Q3 2023 → Our A020 100V Coil Driver™ reached final design-for-manufacture (“DFM”) stage, a significant product and corporate milestone, and is ready for series production. → In December, we completed delivery of our high-voltage Coil Driver™ samples to SEA Electric. → Also in December, we finalized high-voltage Coil Driver™ samples for Vicinity Motors and are awaiting arrival of Vicinity’s pilot vehicle for integration. 3 Cell Driver™ stationary energy storage remains on-track for July deliveries → We have entered late-stage discussions with several US-based solar distributors and installers for partnership. → Product remains on schedule to complete UL Certification in Q2 2023.
We will begin SOP in Q3, which kicks off phase-1 of production from Exro’s worldclass manufacturing facility in Calgary, Alberta. The facility offers customers the security of North American supply for up to 100,000 Coil Driver™ units per year per 8-hour shift (300,000 units per year at full capacity) with flexibility to accommodate multiple product lines. Circuit boards for our Cell Driver™ product will also be manufactured at this facility. All equipment for phase-1 production (SMT Line 1) is installed and commissioned with contract manufacturing in place to support phase-1 final assembly. The first batch samples of our low-voltage drive are scheduled for the week of January 16th.
This should be Interesting, looks like a New Format.....????...MO