Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) Focusing on Commercializing Technology to Improve Electric Motor Performance
Exro offers cutting-edge technology for energy conversion
- The company’s proprietary, patented software controls electric motor coils through individual coil switching
- Exro centered on realizing at least eight commercial deals this year for its innovative technology
Dedicated to transforming energy conversion to improve the performance, efficiency and longevity in electric motors, Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) has developed and commercialized an electric power module (EPM) that integrates into electric motor systems to make them smarter. XRO’s emphasis for 2020 is to focus on moving forward with the commercialization of its exclusive technology.
Exro has developed a new electric vehicle (EV technology) that uses intelligent algorithms to adjust and manage the performance of electric motors and power trains. In the past six months, the company has inked a number of deals with partner companies to use its technology in diverse applications, including e-bikes, electric water taxis, agricultural equipment and automobiles (http://nnw.fm/U8b9Q).
XRO is working to expedite the worldwide transition to clean energy. This is a key element of its business strategy and is in line with global demand for sustainable transportation.
“With global warming becoming a severe issue, consumers have become aware of the need to embrace renewable energy programs directly and come to terms with more sustainable transportation options,” stated a recent Plug and Play article (http://nnw.fm/nG7a9).
Exro’s unique technology improves the performance and efficiency of electric motors by separating individual coils to enable coil switching according to power requirements. Exro allows an electric motor to have a wider range of torque and speed, reducing the need for an electric vehicle to have multiple electric motors (http://nnw.fm/H2eGd).
Exro has entered into a number of strategic partnerships as part of its commercialization strategy. Finland’s Aurora Powertrains is adding Exro to the Aurora electric powertrain installed in an all-electric snowmobile. Exro also has an agreement with Mexico’s electric motor manufacturer Potencia. Potencia will integrate Exro’s technology into small passenger taxis and fleet delivery trucks. Finally Exro has a licensing agreement with Motorino Electric, which will integrate Exro’s EPM technology into Motorino’s CTi electric bicycle.
Headquartered in Vancouver, British Columbia, Exro is now engaged in discussions to expand the use of its technology into other sectors. For investors, the potential for significant ROI exists as the company’s technology is applied to optimizing the performance of the world’s electric motors and power trains.
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://nnw.fm/EXROF
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