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Exro Technologies Inc T.EXRO

Alternate Symbol(s):  EXROF | T.EXRO.WT | T.EXRO.WT.A

Industrials
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

Exro Technologies Inc
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Post by Danno13on Jun 11, 2024 3:27pm
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Post# 36083313

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Post from another board
oct 20 date of the incident vs price action, just for interest
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October 20, 2023: A project vehicle experienced a loss of motive power while driving along a 5% downhill grade. October 24, 2023: Mack Trucks documents the case in an internal problem resolution system. January 23, 2024: The problem resolution team started their investigation. February 15, 2024: The Product Safety Evaluation committee initiated a PSRI on this issue. May 28, 2024: Findings from the investigation are reviewed by the Product Safety Evaluation Committee and the recommendation is that this be brought to Product Safety Committee. May 30, 2024: The Product Safety Committee meets and decides that a product safety defect exists. The committee also determined that owners must be notified and instructed to not drive their vehicles until repairs have been completed.
overlay with timing of merger exploration etc. no idea what it tells you, but downtrend definitely started prior to this event, maybe picking up steam post reporting of the event by Mack internally end of Oct

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