Exro Technologies Inc T.EXRO

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

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 > SEA Propulsion Systems Production Update

<< Previous

Bullboard Posts

Next >>

Comment by sorrensonon Jul 15, 2024 9:27pm

140 Views

Post# 36133968

RE:SEA Propulsion Systems Production Update

Its EXRO No news is NOT good news.

Currently SEA is over 30000 units behind the pumped up garbage and EXRO is 4000 100v , 5500 400 v and 300 800v behind companies own published forecasts and 22000 kwh in cell drivers.

I am amazed there is no enforcement or class action at this point, Welcome the Alberta

SIMPLICITI1 wrote:
Anyone else would like the Company to release the propulsion system production numbers from June, please add your request to the several I have made that have thus far been denied.

The reasons for their decision defy any logic from where I sit as a shareholder, but I will let you draw your own conclusions from the response you receive.

FACT:
On June 13th EXRO announced production for April and May. They also provided guidance of 250 or more units by end of Q3 "(September 30th).

So, what is wrong with the Company providing the numbers for June? Wouldn't it be nice to see that EXRO continues on track? Afterall, making that number in such a short window requires an increase in daily output. They wouldn't have committed to the number if they couldn't make it would they?

Apparently such a press release is deemed an inconvenience and is counter to their new "less frequent and more comprehensive plan"

The problem with the new policy which bundles all info into the quarterly report is that we will not know about June until August 14th and the 250 until mid November.

So, rather than take but a few minutes to issue a simple press release that contains a single number and a few sentences supporting it, they have chosen the "big company" path of "comprehensive" quarterly reports.

Missing the opportunity to deliver positive news when the stock is in its current condition defies all logic. I can only surmise that June did not go as planned and the ramp up is running behind.

EXRO doesn't have a lot THEY CAN talk about apparently. One can only imagine the logic that went into this considered decision that lets the shareholer sit and wonder and the share price just.....sit.....