- Innovative
energy-management system producer announces deal with agricultural
technology pioneer Clean Seed to expand technology to new industries,
markets
- XRO’s
technology improves speed, torque and efficiency of electric motors
- XRO is
entering commercialization phase; targeting at least eight commercial
deals for 2020.
Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), a
Canadian-based technology pioneer developing an innovative energy-management
system, has recently signed a collaboration and supply agreement with Clean
Seed Capital Group Ltd. Under the agreement, Exro’s solution will be integrated
into Clean Seed’s high-tech agricultural seeder and planter platforms, putting
this innovative agricultural equipment manufacturer at the forefront of
sustainable agricultural innovation. The integration of Exro’s groundbreaking
technology will improve Clean Seed’s SMART Seeder(TM) performance by reducing the
power requirements to operate its innovative tools.
“This is another step in the commercialization of Exro’s
technology that will expand the capabilities of the world’s electric motors,”
Exro CEO Sue Ozdemir stated in a news release announcing the landmark
deal (http://ibn.fm/KMEkD).
“Clean Seed is a pioneer in improving the efficacy and sustainability of
farming. With this new agreement, we will, together, electrify the industry to
maximize its potential, driving better productivity and efficient use of
energy.”
XRO has developed, patented and implemented its proprietary
technology, which converts energy in novel ways to improve the performance of
electric motors and generators. The technology enhances electric motor
performance to make electric motors smarter with an advanced control algorithm
that controls electric motor coils through individual coil switching. There is
an enormous demand for Exro’s technology with a massive total addressable
market comprising more than one billion cars (http://ibn.fm/170Ub) and hundreds of millions of elevators,
diesel generator sets and industrial motors.
Exro’s emphasis for 2020 is progress in the
commercialization of its exclusive technology. The new partnership with Clean
Seed Capital Group is a major step in that direction, as its unique solutions
open up a new realm of opportunities for the agricultural sector.
An innovative agricultural technology pioneer since 2010,
Clean Seed is well positioned to introduce XRO’s revolutionary solutions. With
the help of XRO’s unrivaled technology, Clean Seed is set out to electrify the
agricultural industry, inspiring it to leverage the benefits of sustainable
energy while increasing profitability through the reduction of input costs of
the farming process.
“We continuously evaluate synergistic opportunities that
would align with and drive Clean Seed’s mission of facilitating progress in
agriculture through the design, development and implementation of
industry-altering technologies rooted in a sustainable foundation,” added Clean
Seed CEO Graeme Lempriere, as he announced the collaboration. “This worldwide
exclusive collaboration and supply agreement focused on the AG sector will set
new benchmarks in the electrification of agriculture.”
This agreement represents Exro’s fifth commercialization
deal, partnering the company’s technology with respected names in the agriculture,
automotive, marine, electric-bicycle and recreational markets. With at least
eight targeted deals, Exro will continue to move ahead with the
commercialization of its revolutionary technology during 2020, attracting a lot
of attention from the industry and investors alike as its solutions that
provide lucrative benefits in multiple industries – automotive, public
transportation, agriculture, wind energy, recreational and last-mile
vehicles (http://ibn.fm/pQ3bh).
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
About QualityStocks
QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential. We offer several ways for investors to learn more
about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment