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TechMediaBreaks – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) Releases Q2 2024 Financial Results Report

Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that provides proprietary motor-control and complete electric propulsion system technology for e-mobility, is reporting financial results for its second quarter, the period ended June 30, 2024. Highlights of the report include record quarterly revenue of C$5.3 million with C$6.7 million at quarter end in completed units; receiving Cell Driver(R) ETL certification to UL standards, which marks the next phase of commercialization for Exro’s proprietary battery energy-storage technology; and an update on the company’s path to profitability, which noted that the initial target of $10 million is on track for 2024.

“We are pleased about our progress immediately post-merger,” said Exro CEO Sue Ozdemir in the press release. “We delivered record revenue and production volumes, on track for our cost-out targets and integrated our technology offerings. Despite challenges, our team’s dedication has been outstanding, and we are confident in our continued growth and industry disruption.”

To view the full press release, visit https://ibn.fm/Bb2di

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 — Exro Coil Driver(R)  — and stationary energy storage — Exro Cell Driver(R) —  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

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

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