Welcome to our dedicated page for Exro Technologis news (Ticker: EXROF), a resource for investors and traders seeking the latest updates and insights on Exro Technologis stock.
Exro Technologies Inc. develops power-control electronics for electric vehicles and energy storage. The company’s recurring updates cover its Coil Driver, Cell Driver, and SEA-Drive technologies, electric propulsion unit deliveries, aftersales services, and operating results following its acquisition of SEA Electric.
Exro news also includes capital-structure developments, credit-facility activity, convertible debenture matters, restructuring actions, subsidiary wind-downs, strategic review updates, annual meeting timing, and governance changes. These announcements frame the company as a clean-technology issuer managing commercialization, financing, and corporate restructuring alongside its electric-motor and battery-control technology portfolio.
Exro Technologies announced participation in the Gravitas Clean Technology Investor Day on September 24, 2020. CEO Sue Ozdemir will present at 10:45 AM PST and answer investor questions. The company aims to deliver a proof of concept for its 100V Coil Driver by Q4 2020. This event will gather leaders in clean technology and attract both institutional and retail investors. Exro's innovative technology enhances electric powertrains and optimizes efficiency.
Exro Technologies has announced its successful uplisting to the TSX Venture Exchange, with trading under the symbol EXRO starting on September 22, 2020. This uplisting aims to enhance visibility and value within the investment community. CEO Sue Ozdemir highlighted the company’s leadership in advanced power electronics and its strong financial position, attributing its growth to the successful commercialization of its Coil Driver technology, which optimizes electric motor performance. This milestone is expected to benefit stakeholders as Exro expands its market presence.
Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) CEO Sue Ozdemir reflects on the company's progress over the past year. Exro boasts a strong financial position, bolstered by an $8M raise in July. The company is on track to finalize eight commercial partnerships, with seven already secured. Key milestones include the delivery of a 100V Coil Driver proof of concept for electric vehicles in early Q4 2020. Exro's innovative technologies aim to reshape energy consumption, promising a sustainable future in power electronics within the mobility sector.
Exro Technologies (CSE:XRO)(OTCQB:EXROF) has granted stock options to acquire 1,692,000 shares at $1.00 per share. This grant is aimed at officers, employees, and consultants, with all options subject to vesting provisions and a four-month hold period post-grant. Exro is focused on clean technology for electric powertrains, utilizing its advanced Coil Driver technology to improve energy efficiency and performance. The company aims to optimize the operation of electric motors by adjusting torque profiles for various speeds.
Exro Technologies has reported its Q2 2020 financial results, marking a comprehensive loss of $2,246,269, up from $1,000,865 in Q2 2019. The company raised Cdn $8,000,000 through a successful offering of 11,428,571 units at $0.70 per unit. Exro has established three new partnerships with Clean Seed, Zero Motorcycles, and SEA Electric. Significant advancements include the delivery of a customized driver to Potencia for testing, expected to be completed by the end of October 2020. The company’s liquidity remains stable with cash of $1,830,407.
Exro Technologies has appointed Gary Mar to its Advisory Board. Mar, a former Minister in Alberta and CEO of the Canada West Foundation, brings extensive experience in government and business. His role will focus on advancing Exro's technology to support global Net Zero Initiatives and environmental sustainability. CEO Sue Ozdemir expressed confidence in Mar's ability to enhance the company's market impact. Exro specializes in innovative power electronics for electric powertrains, aiming to improve efficiency and energy consumption.