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) appears frequently in market and corporate news as a technology and clean-technology company focused on power control electronics for electric vehicles and energy storage. Company releases describe its Coil Driver™, Cell Driver™, and SEA-Drive® technologies, as well as its expansion through the acquisition of SEA Electric, making Exro a regular subject of updates related to electrification and e‑propulsion systems.
News coverage for Exro often centers on financial results, including quarterly revenue from electric propulsion units and aftersales services, and commentary on cost optimization and restructuring initiatives. Investors can find details on how Exro’s commercialization efforts, OEM engagements, and pilot deployments of its technologies affect its reported performance.
Another key theme in Exro’s news flow is its strategic review and financing activities. The company has announced a senior secured credit facility of up to US$30 million, milestone-based draws under that facility, and related developments involving senior secured convertible debentures and secured notes. Updates on debentureholder consent, interest payments settled in shares, and amendments to security priorities are also covered in its releases.
Corporate governance and restructuring developments feature prominently as well. Exro has reported the resignation of its Chief Executive Officer, the appointment of a Chief Restructuring Officer, workforce reductions, and the wind-down of Australia-based and Asia-Pacific operations. These items provide context on how the company is repositioning itself while continuing to reference its core power control and e‑propulsion technologies.
Stock Titan’s EXROF news page aggregates these announcements, giving readers a single place to review Exro’s earnings updates, strategic review milestones, financing arrangements, and operational changes. Regular visitors can track how the company’s technology narrative, capital structure, and restructuring progress evolve over time.
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Exro Technologies has announced a strategic partnership with Wolong Electric Group, enhancing its market presence in the e-mobility sector. This partnership aims to utilize Exro's innovative Coil Driver™ technology alongside Wolong's motor manufacturing expertise to create next-generation electric vehicle powertrains, targeting key customers like Mercedes-Benz and Geely Automotive.
The agreement consists of two phases: initial system development involving testing of Wolong’s motors and a commercial phase focusing on marketing and sales strategies for the motor-inverter solutions. Wolong is a top global motor manufacturer with over 10% market share in electric vehicle motors, and the collaboration is expected to drive significant advancements in the performance and efficiency of electric vehicles.
Exro Technologies has announced that Mark Godsy will step down as Executive Chairman effective March 31, 2023. Rod Copes, a current Board Director, has been appointed as Interim Chairman. This leadership transition aligns with Exro’s plans to advance into series production by Q3 2023 and prepare for a potential Nasdaq listing. Copes brings extensive experience from automotive manufacturing, crucial for Exro's growth. Godsy expressed gratitude for his time with Exro and confidence in the company's future under new leadership. This move is seen as a strategic step to enhance operational capabilities as Exro prepares to launch its Coil Driver™ and Cell Driver™ technologies.
Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) reported revenue of
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