EXRO TECHNOLOGIES TICKERS
$EXRO | TSXV | (Uplisting to TSX ~Q1 2021)
$EXROF | OTC | (Uplisting to Nasdaq ~2nd half 2021)
FRA: 102 | Frankfurt Exchange
UPLISTING NEWS
Exro will be uplisting to the TSX reportedly in Q1 2021
They will be uplisting from the OTC to the Nasdaq in the second half of 2021.
ANALYST TARGETS
HAYWOOD: $8 TARGET (+33% from previous target of $6, and chose Exro as the Top 3 Stock Picks For 2021)
RAYMOND JAMES: $9 TARGET (+28.5% from previous target of $7)
RESPONSE TO MARINER RESEARCH SHORT REPORT
Link to response from Exro's CEO Sue Ozdamir
Haywood: Shorts are wrong about Exro
Raymond James: Outlook not changed on Exro
PARTNERS
Zero Motorcycles
Zero is a world leading developer of electric-powered motorcycles offering a superior riding experience. The company's motorcycles are optimized from the ground up to leverage the revolutionary Z-Force powertrain which uses specially designed components to minimize weight, size, and complexity, thereby providing riders with bikes that are lightweight, efficient, and provide superior performance.
In entering this agreement, the companies will collaborate to integrate Exro’s coil drive technology into a Zero ZF75-10 based motorcycle. The agreement will involve motor technology and integration support from Zero, while Exro will provide power electronics design and supply.
Source
Exro is expected to release the results of the Proof of Concept from the Zero Motorcycles testing in Q1 2021 (beginning of Q2 2021).
Motorino
Motorino Electric Scooters, Electric Motorcycles and Electric Bicycles is a brand that is continuously evolving, and we have been updating our light electric cycles with the latest technologies since 2003. Since our inception we have successfully entered and market niches for electric urban transportation with our high-quality electric bikes, stylish “Vespa” type electric scooters and electric motorcycles with our superior design and performance. Thousands of our electric cycles can be seen on Canadian streets with their prominent Motorino license plates. For the future, Motorino’s strong engineering background and our innovative approach will be the foundation for entering emerging electrical vehicle market categories.
For more information visit Motorino’s website
here is a link for an updated forecast on the global e-scooter/bike market. 31%CAGR .
Exro is expected to negotiate the commercialization with Motorino in Q1 2021.
Clean Seed Capital
Exro has designed, patented and implemented its proprietary Electronic Transmission (ETR) system and related software that controls electric motor coils through individual coil switching. This innovative technology expands speed and torque capability and improves machine efficiency across a wider operating range. The introduction of advanced control algorithms into energy conversion at the level of individual coils and cells opens up a new realm of opportunities and benefits for the agricultural sector. Clean Seed, being on the cutting edge of agricultural technology development since 2010, is recognized as a pioneer of industry and is well positioned to introduce these beneficial technologies to the industry in collaboration with a like minded pioneer such as Exro.
Source
Sea Electric
Recognized as a global leader in the electrification of commercial vehicles, SEA Electric and Exro will co-develop and test powertrains based on Exro’s Coil Driver and the SEA-Drive technologies.
Source
SEA Electric's Facebook
Here we clearly see the electric powertrain which is used by SEA Electric for their SEA-DRIVE® 180 POWER-SYSTEM. (heavy-duty)
There are also some images in the slideshow
Who builds this electric powertrain?
Here you see a comparison
And here
Motor - DANA - TM4 SUMO HD
The TM4 SUMO HD is an electric powertrain system designed to interface with standard rear differentials without the need for an intermediate gearbox.
Its direct drive / gearless approach makes it the perfect match for any heavy-duty platforms and commercial vehicles applications.
Their customers:
Link
Link
Link
Link
They also mention some companies and used motor types [here](https://www.danatm4.com/vehicle-applications/commercial-vehicles/](https://www.danatm4.com/vehicle-applications/commercial-vehicles/)
Potencia
Validation of the 100V Coil Driver engineering technology is a key milestone for Exro to delivering commercial products in the rapidly growing electric car markets. The 100V Coil Driver will deliver next generation performance in power and efficiency to mobility applications with electric powertrains.
Testing has proven that the series to parallel algorithms driving the dynamic switching under load is operating as expected. Exro is on schedule to deliver a prototype to Potencia Industrial, S.A. DE C.V. (“Potencia”) and maximize performance in operating applications. Potencia is one of Mexico’s largest motor manufacturers with over fifty years of experience specializing in custom applications like the new Pronto Power electric powertrain. With over one million miles traveled, the Pronto Power is leading the transition of electric fleet vehicles in Latin America.
Source
Feb 2020 update
“Exro is on schedule to deliver a prototype to Potenica for operational road testing and 3rd party validation.“
Edit: 100V coil driver has been delivered and is undergoing testing with Potencia.
Traktionssysteme Austria (TSA)
October 15, 2020
Exro and TSA will collaborate on a technology update for heavy duty electric vehicles and traction motors and drives. Examples of heavy-duty vehicles can be delivery vans, buses, and trucks.
Although this is not a commercial partnership, this is an important integration of TSA’s long-standing traction systems with our Coil Driver. It will help us to open up bigger markets and accelerate our impact in making commercial electric vehicles faster, smarter, and more powerful,
Source
TSA - October 29, 2020
Together the companies will provide full powertrain systems by combining TSA's innovative traction motors with Exro's Coil Driver technology for the fast-growing heavy-duty electric vehicle market. By modifying TSA's High Torque Motor, the drive performance can be optimized over the entire speed and torque range.
Source
TSA's “High Torque” Motor? - NOTE: SPECULATION
February 07, 2020
TSA Presents New Drive ‘High Torque‘ to be Used in Electric Buses
Used in Electric Buses - (Motor type: TMPW 38-26-8 at bottom)
More detailed specs
Where will "TMPW 38-26-8" be used?
Source
October 6th, 2020
Coming to buses, TSA central motors are mounted on Solaris, Van Hool and Hess battery-electric buses and trolleybuses. Also VDL and Bozankaya are mentioned by the company among the e-bus industry partners. Since 2004, the company recalls it has built more than 2,500 motors for electric buses.
Motor type: TMPW 38-26-8 is mentioned here
Another story about TSA - NOTE: SPECULATION
May 04, 2020
Voith Group and PCS Holding plan takeover of Traktionssysteme Austria
Voith Group updates
November 18, 2020 - Voith Group and Orten Electric-Trucks team up to provide easy and cost-efficient electrification of existing buses and trucks
Voith and e-truck manufacturer Orten Electric-Trucks enter into a strategic partnership to allow fleet operators to easily make the step towards e-mobility. The joint service enables retrofitting of conventional diesel as well as hybrid and gas powered solo, double-decker and articulated buses as well as light and medium trucks with the state-of-the-art Voith Electrical Drive System (VEDS). In this way, the two companies are greatly contributing to emissions-free, sustainable transport.
Looks like something like SEA ELECTRIC?
Orten Electric-Trucks
Orten-Fahrzeugbau
Heinzmann
Exro’s Coil Driver – an advanced motor control technology that expands the capabilities of electric motors and powertrains – will improve the speed range and torque output capabilities of Heinzmann’s traction applications, according to the company.
Micro mobility represents small, lightweight vehicles operating at speeds typically below 25 km/h (15 mph). The collaboration represents Exro’s first partnership with a micro-mobility drivetrain producer, COO Josh Sobil said in a statement.
The two companies are collaborating at a “critical time” in the micro-mobility market, according to a statement. Micro mobility is projected to be a major factor in the adoption of electric mobility in cities globally, with an overall market size of US$19 billion and compound annual growth rate of over 8% to 2025.
Source
The news release on Heinzmann
HEINZMANN and Exro Technologies to Collaborate in Developing Advanced Coil Drive Technology for the Electric Micro Mobility and LEV Market
BICYCLE DRIVE SYSTEMS
BICYCLE & WHEEL HUB MOTORS
E-BIKES AND CARGO BIKES
Templar Marine Group
Exro Partners with e-Boat Leader in Multi-Billion-Dollar e-Marine Sector
Templar will integrate Exro’s system into Templar Marine’s water taxis as a pilot project, where the company expects to see a significant increase in motor performance for both the boat’s top speed, as well as improving range through increased system efficiency. Exro’s validated technology has already proven it can increase motor speed by more than 30%, which Templar Marine believes will be a major breakthrough in the e-Boat sector.
They’ve launched a few e-Boats in 2020
Aurora Powertrains
March 21st 2020
Exro Technologies Inc. continues to expand into new market segments with a strategic agreement with one of the world’s most innovative manufacturers of snowmobile powertrains. Under this new partnership, Exro and Finland’s Aurora Powertrains Oy, which in 2019 released an all-electric snowmobile, the “eSled”, will work to both increase motor performance while decreasing cost for future production. The partnership will see Exro’s technology being added to the Aurora electric powertrain, a further move to global commercialization of Exro technology.
Source
LAND (E-Moto)
Exro and LAND have agreed to cooperate to optimize the powertrain for the District motorcycle with the Coil Driver. This integration is expected to improve performance for the District motorcycle and enable a new powertrain system solution in the emerging lightweight electric motorcycles industry. Exro will ship the first Coil Driver to LAND this February for vehicle integration and validation testing to be completed by second quarter of 2021. After vehicle integration is completed, Land will begin purchasing the Coil Driver for their motorcycles. “We are thrilled to be working with Exro”, said Scott Colosimo, Chief Executive Officer of LAND. “We believe integrating Exro’s Coil Driver technology with our product will allow LAND to achieve best-in-class performance and efficiency.” “We are so glad to be collaborating with LAND to optimize their motorcycle’s powertrain”, said Sue Ozdemir, Chief Executive Officer of Exro. “This collaboration takes us another step closer to revenue growth and commercialization of our Coil Driver technology.”
Source
SOCIAL MEDIA
Facebook
Twitter
LinkedIn
YouTube
Gautam’s Playlist of Exro videos on youtube
Global News Segment
RECENT NEWS RELEASES
Exro Strengthens Partnership With Sea Electric
LAND Electric Motorcycles to Order up to 2,000 Coil Drivers from Exro
Terence Johnsson, Retired Vice President from Audi AG, Joins Exro Board of Directors
December 21st 2020: Exro Validates Intelligent Battery technology for second life applications
ROADMAP
Link
COMPETITION
GKN automotive
Subsidiary of $11B GKN 50% of all new cars sold every year, according to their website
PATENTS
Exro has 17 patents granted, and 18 patents pending https://patents.justia.com/assignee/exro-technologies-inc
Here is a listing of the patents that are searchable on Justicia. (Patent numbers included in the link)
Variable coil configuration system, apparatus and method: https://patents.justia.com/patent/9812981
Polyphasic multi-coil electric device https://patents.justia.com/patent/9685827
Electrical machines such as generators and motors https://patents.justia.com/patent/9590468
Polyphasic multi-coil generator https://patents.justia.com/patent/9584056
Power conversion system for a multi-stage generator https://patents.justia.com/patent/9379552
VARIABLE COIL CONFIGURATION SYSTEM, APPARATUS AND METHOD https://patents.justia.com/patent/20140347903
ELECTRICAL MACHINES SUCH AS GENERATORS AND MOTORS https://patents.justia.com/patent/20140252922
POLYPHASIC MULTI-COIL GENERATOR https://patents.justia.com/patent/20140167708
POLYPHASIC MULTI-COIL ELECTRIC DEVICE https://patents.justia.com/patent/20140091661
Polyphasic multi-coil electric device https://patents.justia.com/patent/8614529
POLYPHASIC MULTI-COIL GENERATOR https://patents.justia.com/patent/20130249502
POLYPHASIC MULTI-COIL ELECTRIC DEVICE https://patents.justia.com/patent/20120306302
VARIABLE COIL CONFIGURATION SYSTEM, APPARATUS AND METHOD https://patents.justia.com/patent/20120229060
Polyphasic multi-coil electric device https://patents.justia.com/patent/8212445
POLYPHASIC MULTI-COIL ELECTRIC DEVICE https://patents.justia.com/patent/20120153757
Polyphasic multi-coil electric device https://patents.justia.com/patent/8106563
POWER CONVERSION SYSTEM FOR A MULTI-STAGE GENERATOR https://patents.justia.com/patent/20110241630
POLYPHASIC MULTI-COIL GENERATOR https://patents.justia.com/patent/20100090553
POLYPHASIC MULTI-COIL GENERATOR https://patents.justia.com/patent/20100019593
Polyphasic multi-coil generator https://patents.justia.com/patent/7595574
Polyphasic multi-coil generator https://patents.justia.com/patent/7081696
PRODUCTS
Coil Drivers
FAQ's from Exros Website
Did Exro invent coil switching?
Coil Switching has been around for many years and we did not invent it. Rather we invented a controller that was able to achieve coil switching while driving an electric motor.
What is the Coil Driver?
Our Coil Driver is a next generation controller that expands the capabilities of electric motors by enabling multiple dynamic profiles in operation.
Intelligent Coil Switching
Intelligent Coil Switching establishes a greater depth of control of an electric motor using the coils already installed. The ability to change configurations allows efficiency optimization for each operating mode, resulting in smarter energy consumption. The Coil Driver automatically selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
Link
Link
Battery Control Systems (BCS)
December 21st 2020
(Exro) is pleased to announce that it has completed the technology validation on its Battery Control System (“BCS”) – formerly known as the intelligent battery management system.
The BCS can expand the capabilities of batteries by enabling a greater depth of control on the cells. The cells remaining in a battery at the end of first life can be optimized to rejuvenate the same battery into a new second life. Exro can establish a greater depth of control on battery cells because the same principles that govern coil groupings in electric motors can also apply to managing cells in a battery.
Second Life Battery Applications
Source
August 29, 2018
https://www.exro.com/news/exro-technologies-inc-acquires-adaptive-generators-as - Exro Technologies Inc. Acquires Adaptive Generators AS
"Under the terms of the purchase agreement, Adaptive will become a wholly owned subsidiary company of Exro, with Kent Thoresen, Adaptive’ s CEO, joining Exro’s management team to lead European business development and technology research from Oslo, Norway."
Kent Thorese
Chief Innovation Officer and Head of RebelX at HAGAL AS According to his LinkedIn page, he worked from Jan. 2018 - Mai 2020 at Exro
https://hagal.no/leadership/
Now back to SECOND LIFE BATTERY APPLICATIONS
We’re Hagal. An AI energy company creating the worlds most intelligent batteries. A technology that enables second-life of used batteries and longer lifecycles of new batteries. This means low cost energy storage system for you, and a crucial step forward to a world of green, renewable energy.
REBEL Core software
Hagal was founded because we have invented a clever technology that enables efficient use of used (and new) batteries. This both reduces the need to upgrade the electricity grid, and enables low cost energy storage from solar and wind so we can reach a world of renewable energy faster. This technology turned out to be a win-win. It gives new life to old batteries – and helps people and businesses reduce their electricity bills.
We’re optimistic, but realistic. We know we can’t change the world on our own. History has shown that innovation rarely happens by keeping secrets. It happens by constantly sharing knowledge and learning from each other.
That’s why we’ve made our technology available to everyone, by offering our REBEL Core software.
Maybe Exro is using Hagal's software platform REBEL Core?
EXECUTIVE MANAGEMENT
Sue Ozdemir
Chief Executive Officer
One of the world’s proven leaders in the innovation and manufacturing of electric motors, Sue has nine years of accomplishments at General Electric, acting as CCO and the CEO of GE’s Small Industrial Motors Division, overseeing the division’s North American and International markets – ultimately building the division into a 160 million enterprise.
John Meekison
Chief Financial Officer
With over 12 years of public and private experience, Mr Meekison is a career CFO. As an investment banker, he has over 15 years experience raising equity capital. He is a CPA, Certified Management Accountant, Certified Investment Manager, and Professional Logistician, and holds a BA from University of British Columbia.
Josh Sobil
Chief Commercial Officer
Josh has over a decade of experience in the power conversion industry, beginning his career with GE and moving to Siemens Canada where he lead the growth of its Mining business in Western Canada. He is a graduate of McMaster University with a Bachelor of Engineering & Management in Mechanical Engineering.
Richard Meaux
Chief Marketing Officer
Richard has had diverse experiences in the power conversion industry, beginning his career with GE as part of the Commercial Leadership Program. He then went on to hold roles in engineering, sales, marketing, and product management. Most recently, Meaux was Director of Marketing and Digital Operations for GE Industrial Motors, a Wolong Company. He is a graduate from the University of Florida and holds Bachelor of Science Degrees in Mechanical Engineering and Aerospace Engineering.
Eric Hustedt
Chief Engineer
Eric has more than 20 years of experience leading innovations in all facets of automotive power electronics. He spent 15 years with International Rectifiers Automotive and most recently was the senior engineer at KSR International, a global manufacturer of automotive power technologies and products. Eric is a graduate of the engineering school of the University of Canterbury in New Zealand.
BOARD OF DIRECTORS
Mark Godsy
Executive Chairman
Serial technology entrepreneur involved in many successful ventures including two of Canada’s most successful biotech companies
Sue Ozdemir
Chief Executive Officer
One of the world’s proven leaders in the innovation and manufacturing of electric motors, Sue has nine years of accomplishments at General Electric, acting as CCO and the CEO of GE’s Small Industrial Motors Division, overseeing the division’s North American and International markets – ultimately building the division into a 160 million enterprise.
Eamonn Percy
Strategic Advisor, Director
Global business growth advisor and cleantech expert. Former President of Powertech Labs (leading global utility engineering products and services company). Former VP, Operations of Ballard Power Systems (a leading fuel cell company). B. Eng. (Electrical) & MBA (Finance)
Julie Wurmlinger
Director
Retired Global Chief Engineer from Ford Motor Company and current President/Owner of OhmTek, LLC Technical Consulting, with more than 30 years of experince and awarded three patents for powertrain innovations. B.Sc. in Computer Science, M.Sc. Electrical Engineering
Frank Borowicz
QC, Director
Governor, Greater Vancouver Board of Trade, Director of Hemisphere Energy and several private companies, past Chair of BC Industry Training Authority, and retired senior partner of Davis LLP (DLA Piper).
Jill Bodkin
Director
Past Chair of the Vancouver Board of Trade, Wesport Innovations, the BC Securities Commission with deep experience in financing, including EY corporate finance partner advising growth companies on international expansion, and infrastructure in Canada and Asia. Boards include Yaletown Ventures VCC, and past board at Laurentian Bank.
Daniel McGahn
Director
Currently CEO of American Superconductor Corporation (“AMSC”). Joined AMSC in 2006 as VP, Strategic Planning and Corporate Development, later promoted to President and COO responsible for AMSC’s global operations. M.Sc. and B.Sc. in Engineering, MIT.
Terence Johnsson