- Exro has achieved what many have been working to develop – technology bringing more than 25% increase in both torque, acceleration
- Company gains exceptional visibility as it brings measurable benefits to manufacturers, investors
- XRO enters commercialize stage, set to reap benefits of groundbreaking technology in 2020
Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) is a Vancouver, British-Columbia-based technology pioneer developing an intelligent energy-management system to dramatically improve the performance of electric motors and power trains. An Exro profile recently drew the spotlight on BTV-Business Television, attracting impressive numbers – 884,150 views or impressions, with 72,830 investors watching the video online.
In the video, Exro CEO Sue Ozdemir, previously head of General Electric Industrial Motors Division, presented XRO’s major milestones in the development and commercialization of its novel technology, which promises to be a must-have in the lucrative electric-vehicle market, estimated to grow to more than half a trillion dollars by 2025. The five-minute video includes additional insight provided by Brent Todd, senior investment advisor at Canaccord Genuity Wealth Management, who highlighted how the relevant investment community looks at XRO’s exceptional technology (http://ibn.fm/vK9LP).
That technology improves the performance of electric motors by separating individual coils, enabling them to switch according to power needs. This remarkable novel technology can also be applied to generators, allowing for a greater range of energy creation. Exro has already made inroads into the automotive, agricultural, recreational and last-mile transportation sectors, where the company is on track to commercialization.
Although electric motors have been around for a long time, Exro is making electric motors smarter as they all suffer from the same problem – optimization of the system. The trend in the industry to overcome this problem is to install an additional gearbox or motors, thereby creating a heavier, more expensive systems. “It’s a principle of electric motors called ‘coil switching’ that’s the basis of our technology,” said Ozdemir. “It’s very widely known in the industry. And we’ve just done what everybody else has been trying to do. We’ve accomplished it.”
It’s not only investors that are being increasingly attracted by Exro’s technology but manufacturers, too. The reason why the new technology appeals to them is its amazing scalability. “It is totally scalable, up in size, down in size. So we can go down to a skateboard, or we can go up to a bus,” said Ozdemir.
Perhaps even more appealing is the ability of Exro to integrate with existing motors. “That’s huge because some of those manufacturers have hundreds of millions, even billions invested in plants and equipment. They can still get increased performance out of the motor but without having to change their equipment,” added Todd, confirming the significance of this feature.
Exro is a company at the forefront of technology, which enables the transition to clean energy, creating measurable performance gains at the same time. As a company with exclusive technology that brings lucrative benefits in multiple industries – automotive, public transportation, agriculture, wind energy, recreational and last-mile vehicles – Exro is an attractive opportunity for investors seeking to leverage groundbreaking technology applied in a high growth market.
For more information, visit the company’s website at www.Exro.com
NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF
