- Exro is deeply saddened to announce the passing of Eamonn Percy, a member of Exro's Board of
Directors.
- The Exro community sends prayers and support to the family,
friends and colleagues of Eamonn.
CALGARY, AB, Nov. 12, 2021 /CNW/ - Exro Technologies Inc.
(TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") announced
today with great sadness that Eamonn
Percy, a member of Exro's Board of Directors, has passed
away.
"I am deeply saddened by Eamonn's tragic passing," said
Sue Ozdemir, CEO of Exro
Technologies. "Eamonn served our board with great commitment, known
for his incredible business acumen, pragmatic approach and focus on
shareholder value. He was a board member, business executive,
entrepreneur, professor, speaker and author, but above all, Eamonn
will be remembered and sorely missed as a friend and fellow
colleague. On behalf of the Exro community, we send our prayers and
support to the Percy family during this difficult time."
Eamonn served as an instrumental member of the Exro Board of
Directors since 2017, with deep insight and knowledge of global
business growth and experience in the cleantech sector. As a
business strategist and advisor, Eamonn's expertise was a highly
valued component of Exro's prosperity over the last four years.
Exro offers its deepest condolences to the family, friends and
colleagues of Eamonn.
About Exro Technologies Inc.
Exro is a clean technology company pioneering intelligent
control solutions in power electronics to help solve the most
challenging problems in electrification. Exro has developed a new
class of control technology that expands the capabilities of
electric motors, generators, and batteries. Exro enables the
application to achieve more with less energy consumed.
Exro's advanced motor control technology, the Coil
Driver™, expands the capabilities of
electric powertrains by enabling intelligent optimization for
efficient energy consumption. Exro is working with many partners
from all over the world to bring their technology to the electric
mobility industries and beyond.
For more information visit our website at www.exro.com.
Visit us on social media @exrotech.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
STATEMENTS
This news release contains forward-looking
statements and forward-looking information (together,
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statements that certain actions, events or results "may", "could",
"would", "might", "will be taken", "occur" or "be achieved".
Forward looking statements involve risks, uncertainties and other
factors disclosed under the heading "Risk Factors" and elsewhere in
the Company's filings with Canadian securities regulators, that
could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Although the Company believes
that the assumptions and factors used in preparing these
forward-looking statements are reasonable based upon the
information currently available to management as of the date
hereof, actual results and developments may differ materially from
those contemplated by these statements. Readers are therefore
cautioned not to place undue reliance on these statements, which
only apply as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed times
frames or at all. Except where required by applicable law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise.
This information is qualified in its entirety by cautionary
statements and risk factor disclosure contained in filings made by
the Company with the Canadian securities regulators, including the
Company's annual information form for the financial year ended
December 31, 2020, and financial
statements and related MD&A for the financial year ended
December 31, 2020, filed with the
securities regulatory authorities in certain provinces of
Canada and available at
www.sedar.com. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although the Company has attempted
to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended. The
Company does not intend, and does not assume any obligation, to
update this forward-looking information except as otherwise
required by applicable law.
Neither the Toronto Stock Exchange nor the Investment Industry
Regulatory Organization of Canada
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SOURCE Exro Technologies Inc.