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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

Post by jirooenon Sep 06, 2023 10:36am
191 Views
Post# 35621800

Initial order for 500 units, commented by GPT

Initial order for 500 units, commented by GPT
Yes, the initial order from HB4 Group for 500 units of the Coil Driver™ might seem small, especially when considering the potential size of the electric vehicle and components market. However, there are a few things to consider:
 
1. **Pilot or Testing Phase**: Initial orders, especially for new technologies, often start smaller. Companies might want to test the product in real-world scenarios before committing to larger orders.
 
2. **Proof of Concept**: This initial order, though small, serves as a validation of Exro's technology. Positive feedback from this initial batch can pave the way for larger orders in the future.
 
3. **HB4's Reach**: Given HB4's extensive list of clientele, including big names like Ducati, Ferrari, and Harley Davidson, a successful collaboration could lead to more significant opportunities for Exro.
 
4. **Growth Over Time**: The agreement mentions growing volumes over an initial 3-year term. This suggests that there is an expectation of increased orders over time, contingent on the success of the initial batch.
 
5. **Co-marketing Opportunities**: The partnership will see both HB4 and Exro co-market their products in Europe and North America. This joint venture can open up new avenues and clients for Exro.
 
While the initial order may seem modest, it's a foot in the door and can be viewed as a stepping stone towards larger-scale adoption and collaboration.
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