RE:RE:FinancialsFrom the MD&A
Distribution Partners are key in supporting Exro’s go-to-market strategy for our Cell Driver™ stationary energy storage system for the commercial and industrial market. The Company intends to partner with leading clean energy integrators that provide expertise and scalability to accelerate market penetration and deployment. Underwriters Laboratories’ (“UL”) Certification, required to connect to
the North American power grid, is anticipated to be complete in Q4 2023, previously anticipated in Q3, and dependent on scheduling at UL’s certification laboratories. Certification will be followed by the start of series production for Cell Driver™ beginning with in-field pilots and initial customer deliveries. In parallel with the UL testing and certification process, Exro continues commercialization and
marketing efforts in alignment with system certification.