- Rod Copes, recently retired
Chief Operating Officer at Rivian has joined Exro's Board of
Directors.
- A graduate of the Massachusetts Institute
of Technology and former senior executive with Harley-Davidson, Royal
Enfield, and Rivian, Copes brings deep technical knowledge
and vast mobility industry experience to Exro's Board of
Directors.
- Copes replaces Julie Wurmlinger,
who resigned due to personal reasons.
CALGARY,
AB, May 19, 2022 /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 has appointed recently retired Rivian Chief
Operating Officer Rod Copes to its
Board of Directors. Copes' exceptional experience in the electric
mobility industry, along with comprehensive general management
experience, will be instrumental in guiding Exro into the
commercialization phase of the Company.
Copes brings to Exro robust technical expertise and vast
knowledge of the mobility industry. He spent 19 years at
Harley-Davidson in several commercial and operations
executive positions and served as Royal
Enfield's North American division president. Copes has
a proven track record for differentiating brand portfolios and
commercializing mobility businesses in national and global markets.
More recently, Copes served as Chief Operating Officer for American
electric vehicle ("EV") automaker Rivian, growing the team from a
few hundred to thousands of employees globally leading up to the
company's listing on the Nasdaq. Copes is a passionate entrepreneur
and has a special interest in lending his well-informed industry
acumen to new ventures and emerging start-ups. He is a graduate of
the Massachusetts Institute of
Technology with a Master's in Mechanical Engineering and an
MBA.
Exro previously announced Copes had joined the Company's
advisory board in March of this year.
"I'm very pleased to join Exro's Board of Directors to aid in
the Company's advancement to commercialization," stated
Copes. "This is a very exciting time to take on an even more
well-defined role with the Company. I am proud to join the Board of
an organization that is so well-positioned to have a significant
impact in the electric vehicle industry."
"All of us at Exro are thrilled to welcome an accomplished
electric vehicle industry leader to our Board of Directors," said
Exro Executive Chairman Mark Godsy.
"This is a momentous year for Exro as we continue to deliver on our
goals, develop even more commercial partnerships and finalize
preparations for production and product development from our North
American facilities. Rod's extensive knowledge of the global
electric vehicle industry will be instrumental in supporting our
efforts."
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
DriverTM, 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.
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, 2021, and financial
statements and related MD&A for the financial year ended
December 31, 2021, 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.