Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries, today announced its entry into a strategic partnership with Wolong Electric Group Ltd. A renowned automation solution supplier, Wolong is one of world’s top three motor manufactures for industrial and automotive applications. The collaboration aligns directly with Exro’s targeted go-to-market strategy for its patented Coil Driver(TM) inverter technology, partnering with leading global tier-1 automotive suppliers that accelerate and amplify Exro’s market presence. “We are excited to welcome Wolong as a strategic motor partner,” said Exro CEO Sue Ozdemir. “Having previously been a part of the Wolong family, I have first-hand perspective on the world-class motor manufacturing capabilities that allow Exro the opportunity to scale into multiple large customer platforms. The partnership is yet another validation of Exro’s patented core technology, and we are leveraging the platforms of some of the largest automotive supply companies in the world to bring our technology to market.”
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About Exro Technologies Inc.
Exro 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(TM)) and stationary energy storage (Cell Driver(TM)), and act to accelerate adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. For more information, visit the company’s website at www.Exro.com.
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