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EXRO TECHNOLOGIES INC - $EXROF STOCK NEWS

Welcome to our dedicated page for EXRO TECHNOLOGIES news (Ticker: $EXROF), a resource for investors and traders seeking the latest updates and insights on EXRO TECHNOLOGIES stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect EXRO TECHNOLOGIES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of EXRO TECHNOLOGIES's position in the market.

News
Exro Provides Operational Update in Year-End Shareholder Letter
Rhea-AI Summary
Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) provided an operational update in a 2023 year-end letter to shareholders, addressing Cell Driver™ UL testing progress, Coil Driver™ agreements, interest payments, SEA-Electric track testing, and NDA partner updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
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News
Exro Receives First Pilot Order for Battery Energy Storage and Lifts NDA with Brazilian Partner Giaffone Electric Backed by Purchase Order
Rhea-AI Summary
Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) announced significant milestones in its first in-field pilot location for its Cell Driver™ Energy Storage System in partnership with Red Deer Polytechnic and the lifting of the nondisclosure agreement with Giaffone Electric. The company also disclosed a shareholder webcast today at 12:30 pm ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.27%
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none
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News
Exro Technologies Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) announced its Q3 2023 financial results, generating $2,032,669 and $4,800,730 in revenue for the three and nine months ended September 30, 2023, respectively. The company also achieved certification of its Cell Driver™ battery modules to the UL 1973 standard and was granted a patent for its Cell Driver™ technology. Exro saw an increase in operating costs for the nine months ended September 30, 2023, driven by higher payroll and research and development costs compared to the same period in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.32%
Tags
earnings
News
Exro Provides Operations Update with Letter to Shareholders
Rhea-AI Summary
Exro Technologies provides Q4 2023 letter to shareholders, highlighting progress in customer integrations and partnerships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.65%
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none
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News
Exro Announces Coil Driver™ Start of Production Backed by Purchase Orders from HB4 and Vicinity Motor Corp
Rhea-AI Summary
Exro Technologies Inc. has officially started production of its patented Coil Driver™ technology for electric vehicles. The milestone is backed by purchase orders from Italian OEM supplier HB4 Group and Canadian electric bus and commercial vehicle manufacturer Vicinity Motor Corp. Exro's manufacturing center is capable of producing 100,000 Coil Driver™ units per year. The start of production marks a significant step towards unlocking the $45 billion market opportunity in commercial e-vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.01%
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News
Exro Cell Driver™ Energy Storage System Passes UL 1973 and Advances to Final Stage of UL Certification
Rhea-AI Summary
Exro Technologies Inc. announces successful certification of its Cell Driver™ battery modules to UL 1973 standard. Anticipates completion of UL certification in Q4 2023, followed by series production and customer deliveries. Recently granted patent protection for cell level control of batteries. Management to host monthly livestream event for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
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none
News
Exro Announces Coil Driver™ Innovation Project with Leading Global Automotive OEM
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
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none
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News
Exro Announces Voting Results at 2023 Annual General and Special Meeting
Rhea-AI Summary
Exro Technologies Inc. announced that all candidates listed in the Company's Management Information Circular were elected as directors at its Annual General and Special Meeting of Shareholders. Other matters put forward to shareholders were also approved.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Exro Announces Corporate Update Pertaining to Patent Applications, Operational Developments, and Upcoming Interest Payment
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
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none
News
Exro Announces Three New Board Candidates Aligning with Evolution into Growth Phase
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.41%
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EXRO TECHNOLOGIES INC

OTC:EXROF

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EXROF Stock Data

181.05M
136.37M
22.26%
6.91%
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