- Exro will exhibit at CES in Las
Vegas, Nevada, from January 5-8,
2022, at booth number 6019.
- At its booth, Exro will unveil three next-generation electric
vehicle demonstrators that have been retrofitted with its Coil
Driver technology to improve performance and versatility. Exro will
also demo its second-life energy storage technology and be
accompanied at the booth by key partners, including global
automobile parts manufacturer Linamar that's optimizing its e-axle
with Exro's Coil Driver technology.
- Exro is targeting to connect with key stakeholders and
decision-makers at the event, as well as engage with the end-user
market about how Exro is influencing the future of electric
mobility.
CALGARY, AB, Dec. 8, 2021 /CNW/ - Exro Technologies Inc. (TSX:
EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading
clean technology company that has developed a new class of power
electronics for electric motors and batteries, announced today that
it will be exhibiting next-generation electric vehicle (EV)
technology at the Consumer Electronics Show (CES®) from
January 5-8, 2022, in Las Vegas, Nevada. Exro's Coil Driver and
Energy Storage System (ESS) technologies will be on display and
attendees will experience how these innovations can improve the
cost and performance of EVs, and the charging and energy storage
infrastructure that will support their adoption at scale.
Exro's Coil Driver electronically switches the motor coil
configuration in real time, seamlessly and under demand. The
intelligent coil switching establishes a greater depth of control
of an electric motor using the coils already installed. Several
partners are already leveraging the technology including Linamar,
Potencia Industrial, a European electric compact car company, SEA
Electric, Zero Motorcycles and LAND Motorcycles. The Coil Driver
also has the potential to reduce the cost and complexity of
deploying EV charging infrastructure at scale, and streamline
Vehicle to Grid ("V2G") capabilities for grid resilience and
reliability benefits.
Exro's patented Battery Control System (BCS) optimizes EV
batteries and repurposes them into a second life. The battery cells
in an EV reach end of life within 8-12 years, depending on battery
conditions. Exro's unique BCS technology extends them into second
life for an extra 5-10 years in an ESS application, which enables
greater use of existing resources and recycling to promote a
circular economy. Exro will be exhibiting these technologies in the
Las Vegas Convention Center West
Hall at booth number 6019. The booth will feature three
sections:
- Exro-owned vehicle demonstrators: On display, an electric
Polaris Ranger Utility Terrain Vehicle (UTV) and Zero Motorcycle
will feature Exro's 100 Volt Coil Drive System, and an electric
Humvee will showcase Exro's 800 Volt Coil Drive System. The
Exro-owned vehicle demonstrators will provide insight into how
these three EVs can outperform their equivalents, simply by adding
Exro technology inside.
- Technologies: CES attendees can learn more about Exro's Coil
Driver and Battery Control System technologies and how these
innovations promote consumer benefits including enhanced EV
performance, DC fast-charging capabilities, reduced system costs
and Vehicle-to-everything (V2X) capabilities.
- Partners: Exro is proud to be joined at the booth by key
partners, including Linamar Corporation ("Linamar"). Linamar will
showcase its next-generation eAxle that utilizes Coil Driver
technology to improve cost and performance.
"Exro is thrilled to exhibit this year at CES among some of the
leading automotive brands," said Richard
Meaux, COO at Exro. "CES is one of the most influential
technology events in the world and is a grand stage for showcasing
breakthrough vehicle technologies. This event offers an opportunity
to present Exro's next-generation EV technology to key stakeholders
and decision-makers, while engaging with the end-consumer market
about how Exro is enhancing the future of electric mobility."
Exro welcomes all attendees to come by its booth to enjoy its
hospitality area while learning more about the Company's
next-generation EV technologies. To coordinate an on-site press
briefing or explanation of a live product demonstration at our
booth, please contact media@exro.com.
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, "forward-looking
statements") within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as "plans",
"expects", "estimates", "intends", "anticipates", "believes" or
variations of such words, or 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.
In particular, this news release contains forward-looking
statements pertaining to the following:
- Exro's business plans, outlook and strategy; and
- Exro's expectation with respect to connect with key
stakeholders and decision-makers of the EV industry at CES.
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
accepts responsibility for the adequacy or accuracy of this press
release.
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SOURCE Exro Technologies Inc.