Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) Appoints Leading Engineer from Siemens to Business Advisory Board

• Kitz brings with him more than two decades of experience, global perspective of innovation and manufacturing gained from Siemens career
• “Exro has the potential to add significant value to industrial sectors worldwide,” said Kitz
• New board member’s insight, ingenuity, experience will help “accelerate the commercialization of Exro technology into the global marketplace,” XRO COO observed

Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), whose technology unlocks the unrealized power within the world’s electric motors, has announced that Werner Kitz, an industry leader in electric motors and drives, has joined the Exro Business Advisory Board.

A senior executive and engineer at Siemens who retired in 2019, Kitz brings with him more than 25 years of experience and a global perspective of innovation and manufacturing in the power-conversion sector (http://ibn.fm/mk213). He will be advising Exro as the company continues its aggressive commercialization program to improve the performance of electric motors used in the automotive, energy, agricultural, marine and last-mile transportation space, among others.

“I am happy to join the Business Advisory Board to assist Josh and the Exro team in bringing Exro’s technology to market,” Kitz stated in a news release. “Exro has the potential to add significant value to industrial sectors worldwide, ensuring we get more from the energy we use to power electric motors and powertrains.”

A 1981 graduate of Rheinisch-Westfälische Technische Hochschule Aachen (RWTH-Aachen), Kitz spent his time at the university focused on motors, drives and power distribution. He obtained employment at Siemens as an electrical engineer at the company’s motor factory in Nuremberg, Germany, where he made an immediate impression with his insight and expertise. He was promoted within a year to Siemens’ headquarters to concentrate on engineering and automation in the metals aspect of the industry.

By 1998, Kitz was serving as director of engineering for Siemens’ large drives division in global markets, where he shouldered responsibilities for innovation in variable speed drives for metals, O&G, and test stands; he also took on new market development for high-power and high-torque applications. In 2014, he was named vice president of mill drives in the company’s minerals industry division.

“Werner has played a major role at Siemens – and the world’s electrical motor and drive sector – for more than a quarter of a century,” Exro COO Josh Sobil stated in a news release. “Werner’s insight, ingenuity and experience will help us accelerate the commercialization of Exro technology into the global marketplace.”

Kitz joins a group of individuals with impressive experience in the industry including Sue Ozdemir, who was appointed Exro’s CEO in September 2019 after serving as CEO of GE’s Small Industrial Motors Division.

Exro 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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