Exro Technologies Inc T.EXRO

Update News ;Coil Driver Ready To Ship To Potencia

[ace1mccoy]

• 100 Volt Coil Driver ready to ship to Potencia
• Testing complete of Potencia electric motor integration with the 100 Volt Coil Driver
• Potencia to provide performance validation results by early third quarter 2021

CALGARY, AB, Feb. 3, 2021 /CNW/ - Exro Technologies Inc. (TSXV: EXRO) (OTC: EXROF) (the "Company" or "Exro"), a leading clean technology company which has developed a new class of power electronics for electric motors and batteries, is pleased to announce an update on the Coil Driver for electric cars with Potencia Industrial, S.A. DE C.V. ("Potencia").

The in-house testing of the Potencia motor integrated with the Exro 100 Volt Coil Driver is complete and is being packaged to ship this Friday. The testing was delayed prior to Christmas, but the team has worked hard to complete the integration and is looking forward to working alongside the Potencia team who will conduct rigorous testing to ensure operational validation in an electric car application.

Exro is looking forward to sharing the performance results as soon as they are completed in third quarter 2021 and continue to be very diligent on meeting major milestones for this collaboration.

"Despite the slight delay, we are delighted to get the Coil Driver over to Potencia now and can't wait to see the results from their performance tests", said Sue Ozdemir , Chief Executive Officer of Exro. "I am proud of all the extra efforts from our engineering team to get this completed. Our collaboration with Potencia remains strong and we will continue to make this project deliverable a priority in the months ahead."

[ddogold]

While delayed , the major point is that the integration testing is complete and management is  confident in the results to be ready for the real world testing . To me this is very positive 

[FMCAN09]

I fully agree.  Given the delivered message, presentations, achievements to date, acquired talent in the leadership, including board members (consider the specific roles each of these blockbuster board members bring), with the communicated up coming events, everything is extremely positive!  Anyone who is not EXTREMELY POSITIVE about this does not fully appreciate how big business works

[Stockrocker]

I think this is hugely positive. I don't believe they would be sending it off if they were not confident the testing would yield the same improvements in efficiency as we have seen already. This stock has been a fantastic entry point for me back at 0.70 Cents. I've been steadily adding more the past month, and am expecting we will be crushing 52 week highs before summer.

[up2005]

Sue has us on target. The third quarter of 2021 seems like a long ways off, BUT that time will pass quickly and between now and then I am excited to see what other additions to our already beautiful list of companies she will bring on and the adaptations the Coil Driver will bring to their applications. The battery side of the company has been somewhat under represented and talked about but as I