- Exro CEO
Sue Ozdemir will host the company's quarterly webcast to provide shareholders with an update on the company and its new and ongoing projects. - Highlights from the webcast will include results from recent performance testing demonstrating superior Coil Driver performance.
- Exro will also discuss recent notable hires and Coil Driver recognition as an Edison Awards Finalist.
Exro Events
Shareholders unable to attend the webcast can find an overview below of the updates that will be covered during the webcast, including Exro's new Vehicle Systems division and ongoing work with partners
Exro Vehicle Systems:
Exro Vehicle Systems, a division of
Exro's Vehicle Systems division will execute this order from its 15,000 square foot facility in
Exro announced today an update on the in-vehicle demonstration as part of its ongoing partnership with
The latest testing with Potencia reinforces Exro's ability to improve performance and efficiency in low voltage EV applications and deliver its technology to partners on time. The Company and Potencia will continue to work together toward commercialization by providing solutions that can impact communities and markets globally. As part of the ongoing collaborative development, Exro and Potencia are exploring 800 Volt systems for medium-and heavy-duty commercial applications
A demonstration video of the vehicle traversing the streets of
"The latest testing of Exro Coil Driver integrated with our
The Coil Driver testing is progressing successfully, and thus far, the results are exceeding expectations. The results are showing 4000 Nm of torque and continuous power of 375kW mechanical output at 4500 RPM, while achieving peak system efficiencies of 95%. This represents a significant performance improvement in a single electric motor when compared to current industry leaders. Historically, achieving high torque output may require limiting the speed range to approximately 2500 RPM or accepting a lower torque output to increase the speed to higher limits. With Coil Driver both performance outputs can be accomplished in a single motor.
Testing is on track to be completed with full performance mapping this quarter to start delivering the high voltage Coil Driver pilots to partners.
The recent
Linamar:
Prototype testing and validation for a compact and cost-effective e-Axle with Coil Driver are on track to be completed this quarter. However, the Linamar project is delayed from delivery in the second quarter of 2022 to the early third quarter of this year. While the Coil Driver development remains on track, Linamar and Exro have experienced supply chain delays as it relates to the electric motor in the e-axle.
Exro is supporting Linamar's entry into the electric powertrain space for medium-duty commercial vehicles by designing and supplying gearbox and intelligent inverter solutions for high-speed low torque and low-speed high torque applications. This partnership with a Tier 1 automotive supplier will also establish Exro's position in the highly competitive automotive supply chain.
Beyond project and partner updates, the webcast will cover recent company updates such as the hiring of
"It was great to have the opportunity to engage directly with our incredible shareholders and followers today. We received lots of questions, and we really strived to address all questions to the best of our abilities," said
About
Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. Exro enables the application to achieve more with less energy consumed.
Exro's advanced motor control technology, the Coil DriverTM, expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many partners from all over the world to bring their technology to the electric mobility industries and beyond.
For more information visit our website at www.exro.com.
To view our Corporate Presentation visit us at www.exro.com/investors
Visit us on social media @exrotech.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company's annual information form for the financial year ended
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