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Bullboard - Stock Discussion Forum 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... see more

TSX:EXRO - Post Discussion

Exro Technologies Inc > EXRO NEWS RELEASE
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Post by ace1mccoy on Nov 03, 2021 8:07am

EXRO NEWS RELEASE

Exro Launches Services Division to Provide Vehicle Integration Solutions for Automakers Pursuing Electrification

T.EXRO 
  • Exro has launched a new services arm to provide end-to-end electric vehicle (EV) design and engineering services for automakers, enabling Exro to introduce its technology in the earliest stages of vehicle integration.
  • Former Bollinger Motors Technical Director and AVL Chief Engineer of Electrification Brian Van Batavia joins the Exro team as president of the division, bringing extensive expertise and a strong network of engineers in electric and connected vehicle integration.
  • Exro will plan to open a facility in Detroit in 2022, the heart of the automotive industry, to service the top automakers in the region that are pursuing aggressive electric vehicle goals.

CALGARY, ABNov. 3, 2021 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, announced today the launch of its services arm to provide vehicle integration solutions for automakers pursuing electrification. The new division, called Exro Vehicle Systems (the "division"), will provide end-to-end electric vehicle (EV) design and engineering services.

Exro Technologies Inc. Logo (CNW Group/Exro Technologies Inc.)

The division will be led by Brian Van Batavia, former Bollinger Motors Technical Director and AVL Chief Engineer of Electrification, who joins Exro as President of the division and has strong expertise in systems integration engineering. In his career, Van Batavia has built up a wealth of expertise and accomplishments in the areas of electric and hybrid vehicles, alternative energy systems, electro-mechanical systems controls, and connected vehicle systems. He holds several patents related to hybrid and electric vehicles and powertrains and has authored a number of papers and articles related to vehicle energy management and controls. Van Batavia will bring his team of engineers alongside him as he joins Exro, including Justin Goeglein as the division's Director of Engineering. Goeglein has over 10 years of expertise in integration of automotive vehicle platforms with a specialty in software solutions.

Exro's Vehicle Systems division will focus on complete powertrain designs that integrates Exro's core technology with vehicle powertrains including embedded software, Vehicle Control Units (VCUs) and batteries. The division will build on Exro's suite of existing product offerings with Coil Driver™ and Battery Control System to solve additional challenges for automotive customers. It is expected that the services division can yield business for the Coil Driver™ by introducing automakers to Exro's independently tested technology in the early design stages to create lower cost yet higher performing electric vehicles at scale, which is the key to accelerating EV adoption.

Exro plans to open a facility in Detroit in 2022, the heart of the automotive industry, to service the top automakers pursuing aggressive EV goals. The Detroit office will enable the Company to capitalize on services opportunities in the region and among the emerging electrified vehicle industry. This is an important milestone for Exro as it adds a new channel for revenue generation and enables the Company to serve as a one-stop-shop for vehicle manufacturers finding their footing in the electric revolution. Combined with Exro's product technology and ability to deliver continuous innovation, the addition of Van Batavia and his team positions the Company as a valuable part of the EV supply chain.

"I'm continuously energized by the growth our team has achieved this year, and I'm thrilled to welcome Brian and Justin to Exro," said Sue Ozdemir, CEO of Exro Technologies. "The addition of this new arm enables us to better support our customers and fast-growing pipeline with holistic solutions that complement our core technologies for automakers pursuing electrification, while facilitating a new path to accelerate our business growth."

"I've been keeping a pulse on Exro since I first learned about the company's ability to bring a more cost-effective electric vehicle to market," said Brian Van Batavia, President of Exro Vehicle Systems. "I'm excited to join the incredible group at Exro and use my expertise in systems engineering for electrified vehicles to drive new organic growth by delivering new optimal powertrain solutions to the electric mobility industry."

Comment by Moemoney42 on Nov 03, 2021 10:15am
Great news this AM.. this will continue the trend reversal folks.. things are getting exciting.. minor resistance ~$3.60 then its off to ~$3.90 by months end.. there we could see a bit of a stuggle to break that resistance, but one good press release in the new year could make that happen... ;-)
Comment by Moemoney42 on Nov 03, 2021 4:26pm
Another nice green close today on decent volume today.. almost ready to confirm that trend reversal.. all good..!  ;-) 
Comment by ddogold on Nov 03, 2021 4:43pm
Agreed , it’s been a solid week and the number of buyers is noticeably increasing . Let’s hope we’ve seen the last of the $2’s .
Comment by jboom70 on Nov 03, 2021 4:58pm
Yep! Morgan and Citadel were driving the bus today from what I saw, and squeeked in .03 cents at the close to change the candle.
Comment by AnalogueMan on Nov 03, 2021 5:19pm
Yes, "another nice green close today on decent volume". I noitice the last trade, not to be left behind, bumped the price up from $3.19 to $3.22 N I C E. ...
Comment by Moemoney42 on Nov 04, 2021 10:11am
I think one could consider the action today a trend reversal.. of course there could be pull back days but with the last PR, we should be able to continue to that ~$3.60 resistance level by months end easily.. ;-)
Comment by Kaiser on Jan 10, 2022 7:25pm
The donkey pumper strikes again with another giant MISS! Ouch   
Comment by Moemoney42 on Jan 10, 2022 9:57pm
Oh look now my trash talking troll is over here posting old news.. LOL.. how desperate.. LOL.. yup pull up another old post with no context to make yourself look foolish.. the price at that post time was ~$3.30 move promptly to ~$4.10.. meanwhile you were still waiting for your penny stock to move.. Put this bozo on ignore folks.. he's a troll on a mission.. LOL.. at least in his mind.. hey ...more  
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