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Exro Technologies Inc. T.EXRO

Alternate Symbol(s):  T.EXRO.W | EXROF

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 Pandoraon Oct 05, 2022 10:08am
164 Views
Post# 35006480

RE:RE:RE:RE:Huge news!

RE:RE:RE:RE:Huge news!
Pandora wrote:
Wizkid wrote:
@argon12 where can I see this


From the news release highlights:


The European partner, which remains under NDA, is a global leader in the design, manufacture and distribution of solutions in an off-highway sector and is forecast to generate multi-billion dollars in sales in 2022.

On successful customer testing and validation, the development agreement will transition to a series production agreement for 8,000-10,000+ Coil-DriverTM units annually.



Of course when they say "forecast to generate multi-billion dollars in sales......." it is referring to the European partner with their big off road equipment not multi-billion dollars of Exro equipment. How many dollars it might equate to for Exro is a different matter but in relative terms it could be substantial.
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