The agreement includes development of a new product offering utilizing Exro's next-generation Coil DriverTM automotive inverter technology for a hybrid diesel-electric application
- The European partner, which remains under NDA, is a global leader in the design, manufacture and distribution of solutions in an off-highway sector and is forecast to generate multi-billion dollars in sales in 2022.
- The partnership will develop a new product offering incorporating Exro's Coil-DriverTM and the partner's diesel engine to introduce a hybrid diesel-electric powertrain with applications across a platform of products in the partner's line-up.
- Exro has received a purchase order for product development that includes the supply of multiple initial sample units to be delivered to the customer by the end of Q1 2023.
- On successful customer testing and validation, the development agreement will transition to a series production agreement for 8,000-10,000+ Coil-DriverTM units annually.
- The agreement reflects Exro's ability to scale and serve a variety of applications within the e-mobility sector, highlighting Exro's ability to solve challenges to electrification adoption that include performance increase and cost reduction, and support customers' commitment to a lower carbon footprint and sustainable future.
"This new product development is a perfect example of how Exro is innovating solutions with customers that bridge the performance-cost gap to electrification," said Exro CEO
Exro's Chief Technology Officer,
Product Development Agreement for New Hybrid Diesel-Electric Application
Exro has been collaborating with the major European-based company under NDA to develop a hybrid diesel-electric powertrain, a new product offering for the partner's vehicle line-up. The agreement will begin with the supply of multiple sample units to be delivered to the customer by the end of Q1 2023. After successful testing and validation, it is anticipated that the development agreement would transition into an agreement to supply the NDA partner with series production products beginning in 2024. The conditional agreement is highlighted by projections of 8,000-10,000+ units annually.
Exro's proprietary Coil DriverTM provides the unique ability to deliver the high starting torque required to first get a large diesel engine running. Once running, the hybrid system can then operate at high-efficiency, high-speed mode for motor generator operation, switching between diesel and electric. Due to the hybrid capability, manufacturers can utilize a smaller machine and smaller drive to achieve the same desired operating characteristics as a larger diesel-only setup, which equates to vehicle cost savings, significant fuel savings, and a substantial reduction in carbon footprint.
Exro's Coil Driver™ –
An electric motor is only as smart as the controller telling it how to behave. At Exro, our theory is that if we make the controller smarter, we can increase the performance of the entire powertrain. Exro accomplishes this with a new generation of power control electronics called the Coil DriverTM.
The Coil DriverTM takes the prior-art physics of coil-switching and provides the ability to control an electric motor at the individual coil-level through the power electronics embedded in the inverter. This coil-level control provides the ability to switch motor profiles in real-time to deliver two separate speed-torque profiles from the same motor, effectively expanding the operating range of the motor by functioning like an electronic gear. This allows manufacturers significant flexibility in design: Exro's technology can increase performance by up to 50% for a marginal cost increase or can optimize the system to reduce the weight, complexity, and up to 20% cost savings of their powertrains without sacrificing performance.
Exro's Coil DriverTM technology is now proven, independently validated through AVL, one of the world's largest independent automotive laboratories, and earlier this year received the
The management team of Exro continues execution on behalf of shareholders to deliver innovative products that fundamentally change how the world optimizes energy in vehicle systems and stationary energy storage. Exro's technologies expand the capabilities of electric motors and batteries and serve to bridge the performance-cost gap and accelerate adoption towards a circular electrified economy and sustainable future for our planet.
For more information visit our website at www.exro.com.
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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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