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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

Comment by Beret888on Nov 17, 2024 8:57am
100 Views
Post# 36317003

RE:RE:RE:Raise now

RE:RE:RE:Raise now10 million doesn't last Exro even a quarter...    Exro can't sell Cellex,  all of Cellex its IP inventory and any and all assets are already collateralized in Exros debt obligations.  Do you think that Exros bond holders are going to approve Exro liquidating an asset to keep incinerating cash or are they.going to insist that those funds be used to pay down  its debt?  Exro already has a problem by writing off all that goodwill.  There debt to equity ratio just got cut by 2/3rds  They are almost at a negative value which in most cases would trigger a default of their covenants.  Which would be the final act, if the final act isn't already taking shape for a year end CCAA filing...
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