A little Flashback on the ESS Timeline and UL Cert.... CALGARY, Alberta (August 9, 2022) – 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 that it has initiated the process to obtain Underwriter Laboratories ("UL") certification for its Energy Storage System (ESS), powered by its Battery Control System™ (BCS) technology.
Exro’s BCS technology expands the capabilities of batteries in their first and second life by enabling a greater depth of control on the cells. The technology optimizes battery packs for health and performance at the cellular level, extending battery life and permitting stationary energy storage systems to operate more safely, with less down time.
Exro’s ESS has a modular design for ease of installation and utilizes modular compact inverters to replace the traditional centralized design of most energy storage systems, resulting in reduced operation and maintenance costs in commercial and industrial applications. Exro’s ESS can not only maximize the lifespan of first-life batteries, but also utilize second-life batteries, creating an option for reuse of electric cell battery packs, minimizing waste and establishing a pathway to a circular economy.
The submission for UL certification marks a significant milestone for Exro’s ESS in its continued path to commercialization. The submission enables the Company to secure pilot locations and proceed with in-field validations of the ESS on specific locations and comes ahead of the Company’s anticipated timing. UL certifications demonstrate that products have been tested to applicable industry-wide standards. UL is widely recognized as the long-time safety science leader and the organization’s expertise provides credibility to regulators and the broader marketplace.
The goal of the process is to fully certify Exro’s ESS as a deployed commercial and industrial product per North American regulations and to receive UL9540A certification. The process is anticipated to take approximately nine months. Upon successful completion of the UL certification process, the Company will be able to produce and provide units to the burgeoning energy storage market. In parallel to the UL certification process, Exro will begin marketing the ESS and working to secure the first pilots and orders to ensure the commercialization and delivery of the product by Q4 2023.
“Our cellular level battery control offers