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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 Danno13on Jan 20, 2024 7:53am
278 Views
Post# 35837158

Patience Needed for NDA

Patience Needed for NDA

Understanding the eagerness surrounding the disclosure of our NDA partners, we acknowledge the excitement and curiosity that comes with revealing the names of major industry players involved with Exro. Our ultimate goal aligns with yours: to proudly announce these collaborations. We are actively working towards milestones that will enable us to lift NDAs, as we have successfully done in the past with notable partners like Linamar and HB4.

The journey towards revealing these partnerships involves navigating through complex sales cycles, particularly in the automotive industry. It's important to recognize the lengthy timeline of automotive product development. A vehicle hitting the roads today has undergone a design and development process that likely started around five years ago. This process includes numerous iterations, extensive supplier testing, and meticulous selection of components, culminating in final design decisions.

Once a powertrain choice is finalized, OEMs (Original Equipment Manufacturers) often maintain confidentiality to protect their competitive edge. Disclosing such information prematurely could reveal strategic details about vehicle types and other proprietary aspects, which OEMs understandably regard as sensitive. As a result, our role involves working within these parameters to ensure our products are integrated effectively and responsibly.

We are excited about the enthusiasm OEMs have shown towards our technology, recognizing its transformative potential. While we cannot provide specific timelines or names at this moment due to industry constraints, we are as eager as you are to share these developments and will do so as soon as possible. In the meantime, we appreciate your patience and understanding as we navigate these complex yet promising partnerships.

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