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. (EXROF) is a leader in advanced power electronics for sustainable energy solutions, driving innovation in e-mobility and grid-scale storage. This page aggregates all official corporate announcements, strategic developments, and market-moving updates directly from Exro and verified sources.
Investors and industry observers will find essential resources including product launch details, partnership announcements, and financial performance reports. Track Exro's progress in commercializing its patented motor control systems and battery management technologies through critical updates like the SEA Electric integration and Cellex Energy's storage solutions.
Our curated news feed covers key areas: technology certifications (including UL-recognized systems), OEM collaborations, manufacturing milestones, and market expansion initiatives. Stay informed about developments impacting electric propulsion efficiency and energy storage safety standards.
Bookmark this page for real-time updates on Exro's role in shaping cleaner energy infrastructure. Check regularly for insights into how their intelligent power electronics are transforming commercial transportation and stationary storage markets worldwide.
Exro Technologies provided an operational update on June 13, 2024. Key highlights include the production of 46 propulsion systems in April and May, with a goal of delivering over 250 systems by the end of Q3 2024. Exro is integrating its Coil Driver™ technology with Hino Trucks and progressing deliveries with Mack Trucks. The company signed its first intellectual property licensing agreement with HB4 to serve the European market.
Partnerships with Giaffone Electric and Linamar are advancing, with successful road tests and significant attention at the ACT Expo. Exro's collaboration with global passenger vehicle OEMs and progress toward UL certification for its Cell Driver™ system are on track. Exro will begin quarterly earnings calls starting Q2 2024, with results expected on August 14th.
Exro Technologies (TSX: EXRO, OTCQB: EXROF), a leader in clean-technology for e-mobility, announced participation in the 2024 Stifel Cross Sector Insight Conference in Boston, from June 4-6. CEO Sue Ozdemir and the Exro team will present at 3:35 pm on June 5th. Attendees can engage with senior management in one-on-one sessions, discussing Exro's current operations, OEM partnerships, and technological innovations in motor-control and electric propulsion systems.
Exro Technologies (TSX: EXRO, OTCQB: EXROF) has announced its Q1 2024 financial results and highlighted significant transformations following the acquisition of SEA Electric on April 5, 2024. Exro aims to integrate SEA-Drive® propulsion systems with its Coil Driver™ technology, expecting to deliver over 250 systems in the first six months and more than 1,000 in the next year. The company targets significant cost reductions, projecting annual savings of up to $10 million in 2024. Q1 2024 revenue stood at $1.26 million, an increase from $324,769 in Q1 2023, although net loss widened to $12.87 million from $8.16 million. Exro continues its innovation program with global OEMs and anticipates UL certification of its Cell Driver™ energy storage system by Q2 2024.
Exro Technologies, a leading clean-technology company, received the prestigious 2024 Automotive News PACEpilot Innovation to Watch award for its Coil Driver™ EV traction inverter. The award celebrates Exro's contribution to technology disruption in the automotive sector, empowering automakers to deliver top-performing, efficient electric vehicles. Exro's emergence as an award winner highlights its position at the forefront of electric vehicle innovation.
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