Exro Technologis Stock Price, News & Analysis

Exro Technologies Inc. has appointed Darrell Bishop as the new President, Finance and Investor Relations. Bishop, based in Mesa, Arizona, brings extensive capital markets experience, including roles in equity research and investment banking. His role includes leading Exro's finance and capital markets strategy aimed at enhancing shareholder value. The company focuses on innovative clean technology, particularly in electric motors and batteries. Exro aims to address the growing demand for sustainable energy solutions as it enters a new growth phase.

Exro Technologies has filed a defamation lawsuit against ePropelled Inc. in the Middlesex County Superior Court, Massachusetts, on February 15, 2022. The lawsuit alleges that ePropelled published a defamatory statement regarding Exro in a release dated January 24, 2022. Exro’s CEO, Sue Ozdemir, emphasized the company's commitment to protecting its reputation and shareholders. The suit aims to hold ePropelled accountable for its tortious conduct. This litigation reflects Exro's efforts to counteract misleading claims in the clean technology industry.

Exro Technologies announced its Coil Driver technology is a finalist for the 2022 Edison Best New Product Awards in the automotive category. Recognized by 3,000 business leaders for its innovative design, Coil Driver enhances electric vehicle performance, delivering improved power, speed, and torque. The awards ceremony will take place on April 21, 2022, in Fort Myers, Florida. CEO Sue Ozdemir emphasized the technology's scalability and cost-effectiveness, positioning Exro favorably in the clean technology sector.

Exro Technologies (EXROF) shares an update from its CEO detailing the company's solid progress and strategic plans for 2022. Key highlights include successful capital raising, conditional approval for a NASDAQ up-list, and a focus on increasing product testing capacity. Exro plans to deliver Coil Driver pilots to customers and has begun discussions on purchase orders, indicating strong customer demand. The company emphasizes ongoing product development and market expansion, with a goal of securing over $31 million CAD in funding to support growth initiatives.

ePropelled has updated stakeholders on its patent infringement lawsuit against Exro Technologies Inc. filed on January 21, 2022. ePropelled claims its Dynamic Torque Switching™ technology is infringed by Exro's Coil Drive System™. After notifying Exro of the alleged infringement via U.S. Patent No. 7,382,103, ePropelled proceeded with legal action due to Exro's inadequate response. The company emphasizes its leadership in electric propulsion systems and commitment to advancing EV technology.

Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) issued a response to ePropelled Inc.'s January 21, 2022 patent infringement lawsuit. Exro confidently defends its intellectual property rights and claims that ePropelled's lawsuit is without merit. Exro asserts that it promptly addressed ePropelled's inquiry, but the latter proceeded with the lawsuit without further communication. The company emphasizes its commitment to innovation in the electric mobility sector amidst these legal challenges.

Exro Technologies (TSX: EXRO) (OTCQB: EXROF) has responded to a patent infringement lawsuit filed by ePropelled Inc. on January 21, 2022, in Massachusetts. The company asserts that the lawsuit is without merit and is prepared to defend itself vigorously. Legal counsel has already been engaged to address the claims. Exro is a clean technology firm focused on innovative control solutions for electric motors and batteries, aiming to enhance energy efficiency in electrification.

ePropelled, a Massachusetts-based technology company specializing in electric propulsion systems, has filed a patent infringement lawsuit against Exro Technologies Inc. on January 21, 2022. The lawsuit, filed in the U.S. District Court for Massachusetts, seeks to protect ePropelled's eDTS™ technology, which enhances electric motor efficiency, enabling high torque at low speeds and increasing electric vehicle performance. ePropelled emphasizes its commitment to defending its intellectual property, having invested millions over the past decade in developing this core technology.

Exro Technologies has announced an all-virtual presentation for the 2022 Consumer Electronics Show (CES) due to the COVID-19 omicron variant. CES registrants can explore Exro's digital booth from January 5-7, 2022, showcasing its innovations including the Coil Driver and Battery Control System technologies. CEO Sue Ozdemir will conduct a live booth tour on January 6, 2022, at 10 AM PST. Attendees can also book meetings with Exro experts and participate in virtual giveaways. Exro aims to demonstrate its electric vehicle technologies and engage stakeholders virtually.