Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries, today announced its entry into a new product development agreement with a major global equipment supplier. The agreement includes development and delivery of an engineered-to-order system incorporating Exro’s proprietary Coil-Driver(TM) inverter for a new hybrid diesel-electric product for off-highway application. “This new product development is a perfect example of how Exro is innovating solutions with customers that bridge the performance-cost gap to electrification,” said Exro CEO Sue Ozdemir. “Our partner is a global leader in its space and looking to evolve its currently fully diesel line-up into the future. A successful development that demonstrates our already proven capabilities in other applications opens a huge door with this yet-to-be-named partner, as well as many other industries with a similar challenge to solve.”
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About Exro Technologies Inc.
Exro is a leading clean technology company that has developed new generation power control electronics that change how the world optimizes energy by expanding the capabilities of electric motors and batteries. The company’s innovative technologies serve to bridge the performance-cost gap in e-mobility and stationary energy storage, and act to accelerate adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. For more information, visit the company’s website at www.Exro.com.
NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF
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