Exro Technologies (CSE: XRO) (OTCQB: EXROF) CEO Sue Ozdemir has outlined key milestones achieved and progress made during the past year. In a recent shareholder letter Ozdemir noted that company, which has developed a new class of power electronics for powertrains, is continuing to develop key partnerships that will provide critical stepping stones to achieving its strategic business plan. The company is on schedule to close eight commercial partnerships by the end of the year, Ozdemir noted. In addition, Exro’s engineering team is also working hard to deliver the next phase of the company’s Potencia project, which will demonstrate the company’s capabilities in an electric vehicle in Mexico City. Exro is also focused on the mobility segment and a variety of traction applications, a strategic decision designed to accelerate Exro’s journey to becoming a market leader. “We have been establishing our position in the marketplace,” Ozdemir said in the letter. “Our mission, ‘Minimum Energy, Maximum Results,’ has become a guiding light for us to continue to develop new and innovative ways to utilize our technology and become a market leader in advanced power electronics within the mobility space. On all fronts we are executing according to our technology road map, and the second half of the year is already shaping up to support us in our expectations for the remainder of 2020.”
To view the full letter, visit http://ibn.fm/djQJa
About Exro Technologies Inc.=
Exro is a clean tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor-control technology, Coil Driver, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
Exro offers a new solution for system optimization through implementation of technology that can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, and expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed. 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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