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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 SIMPLICITI1on Sep 09, 2024 12:58pm
192 Views
Post# 36215001

Restoring Confidence.....

Restoring Confidence.....Implement a Share Lock up agreement for all of the shares owned by Exro management and the former shareholders of SEA Electric.

Under the Terms of the Agreement these shares cannot be sold, transferred or otherwise hypothecated until such time as Exro achieves positive cashflow for 2 consecutive quarters or the 1000 propulsio units on order by the two OEMs have been delivered, whichever comes first.

This would effectively take hundreds of millions of shares off the market until such time as the combined entity has time to deliver on the promises made by the seller and transferred to the purchaser.

It also sends a strong message to the market that all parties to the transaction are confident in the business.






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