Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed new-generation power electronics that expand the capabilities of motors in electric vehicles and batteries in stationary energy storage, has released a letter to shareholders regarding the first quarter 2023. The letter notes that since its last shareholder update in November 2022, Exro Technologies has made “significant progress advancing commercialization efforts in preparation to begin series production of its Coil Driver(TM) and Cell Driver(TM) products in Q3 2023 and a significant ramp up of revenues.” The letter also provided an overview of corporate achievements reached in the past several weeks; those details include new commercial agreements and partnerships, product and company updates, and the focus and goals for the upcoming year.
To view the full shareholder letter, visit https://ibn.fm/UmmMw
To view the full press release, visit https://ibn.fm/1d4ci
About Exro Technologies Inc.
Exro Technologies is a leading clean-technology company that has developed new-generation power control electronics that change how the world optimizes energy by expanding the capabilities of electric motors and batteries. The company’s innovative technologies serve to bridge the performance-cost gap in e-mobility (Coil Driver) and stationary energy storage (Cell Driver), and act to accelerate adoption toward a circular electrified economy by delivering more with less — minimum energy for maximum results. For more information about the company, please visit 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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