- CEO to
appear on TV spot discussing exclusive Exro technology
- Exro’s
technology improves speed, torque, efficiency, performance of electric
motors
- After
decade of research and development, Exro is entering commercialization
phase
Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) and
its proprietary technology designed to improve the performance of electric
motors used around the world is the topic of a profile spotlight on
BTV-Business Television, aired first on the BNN Bloomberg network (http://ibn.fm/eDzYA).
Initially seen Saturday, March 7, in Canada, the broadcast
will also be shown in the United States on March 15. The segment is part of BTV
series ‘Using Innovation to Drive Success’. Exro CEO Sue Ozdemir headlines the
five-minute overview (http://ibn.fm/qd6BP)
of Exro’s exclusive technology – which dramatically improves the speed, torque
and energy efficiency of electric motors.
With the electric vehicle market forecast to reach more than
$500 billion by 2025, Exro is focusing on that potentially lucrative space.
Exro’s technology improves the performance and efficiency of electric motors by
separating individual coils, thereby enabling coil switching according to power
needs.
“Our objective is to tell investors, manufacturers and the
public around the world about our remarkable technology, which is now being
commercialized,” Ozdemir stated in the segment. “We want to share this
made-in-Canada technology with sectors where electric motors are essential –
automotive, wind energy, recreational and last-mile vehicles, agriculture,
public transportation and many others. Exro unlocks the full potential of
electric motors to make them faster, stronger and greener.”
Exro has dedicated the last decade to creating an
intelligent energy-management system. The system converts energy in different
ways to improve the performance, efficiency and longevity of batteries,
electric motors and generators.
“It’s a principle of electric motors called ‘coil switching’
that’s the basis of our technology,” added Ozdemir. “It’s very widely known in
the industry, and we’ve just done what everybody else has been trying to do. It
is totally scalable, up in size or down in size. So we can go down to a skateboard,
and we can go up to a bus.”
Exro technology uses the idea of managing energy
as it converts at the individual level to lithium ion batteries. By managing
the charge and discharge of energy at the individual cell level of a lithium
ion battery, Exro works to improve battery performance and efficiencies,
resulting in longer battery usage. After almost a decade of research and
development of this proprietary technology, Exro is entering its
commercialization phase, led by Ozdemir, who was appointed CEO in September
2019 after serving as CEO of GE’s Small Industrial Motors Division.
Exro Technologies facilitates the transition to clean energy
by providing products and services to manufacturers to increase the efficiency
and reliability of power systems, including electric motors, generators and
batteries. Exro’s patented technology enhances energy systems by dynamically
sensing and adapting variable inputs and optimally matching them to desired
outputs, creating measurable performance gains and extended lifespan. The
widespread applications of the technology apply to optimizing the performance
of electric vehicles, UAVs, and ship drives, as well as pumps, industrial
motors, and energy capture from wind and tides.
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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