- Exro has achieved ISO 9001:2015 certification at its
world-class manufacturing center and innovation center, both
located in Calgary, Alberta,
Canada
- ISO 9001:2015 is an internationally recognized standard for
quality, processes, and safety, and is a gateway prerequisite to
IATF 16949 certification (global automotive quality
management)
- Exro's manufacturing, innovation, and vehicle systems
centers are complimentary operations, enabling Exro the ability to
provide end-to-end technology solutions for customers
- Exro has delivered on its commitment to shareholders to
achieve ISO certification by year-end 2022, backstopping the
company's timeline for start of series production of its industry
disruptive Coil Driver™ and Cell Driver™ products in Q3
2023
CALGARY,
AB, Nov. 21, 2022 /CNW/ - Exro Technologies
Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or
"Exro"), a leading clean technology company that has
developed new generation power electronics that change how the
world optimizes energy by expanding the capabilities of electric
motors and batteries, is pleased to announce that the Company has
achieved International Organization for Standardization
(ISO) ISO 9001:2015 certification at
its world-class manufacturing center and engineering innovation
center, both located in Calgary, Alberta,
Canada. This certifies that the Company has met the
technical and quality benchmarks required by ISO 9001:2015 for its
quality management system related to R&D, design, development,
and testing of Coil Driver™ inverter for e-mobility and Cell
Driver™ energy storage systems for commercial & industrial
applications.
"This is a foundational operational milestone for Exro," said
Exro's President of Manufacturing Simon
Strawbridge, who led the certification program.
"Certification underpins Exro's vision of Quality before Quantity
(QbQ) in a world-class manufacturing facility, operating on a Right
First Time (RFT) approach with a Zero-Defect mentality."
An internationally recognized quality standard, ISO 9001:2015
sets quality management principles for both service and
manufacturing organizations, including a strong customer focus, a
process-based approach, risk-based thinking, continual improvement,
and top-down management support. In an increasingly competitive
market, ISO 9001 certification is a necessary tool for conducting
domestic and global business.
"ISO 9001 certification is an essential milestone on Exro's path
of developing superior products to the highest standards in
performance, quality, and functional safety", said Chief Executive
Officer Sue Ozdemir. "This
certification is a fundamental building block towards achieving
IATF 16949 certification (Global Automotive Quality Management
System), ensuring that Exro's systems and processes are focused on
meeting the highest quality, safety, and efficiency standards for
our current and future automotive customers. This achievement is a
testament to the high-quality, cross-functional, and collaborative
efforts of every employee at Exro."
World Class Manufacturing
Complimented by R&D, Design, Testing, & Vehicle Integration
Services
Exro's Manufacturing Center is a 37,000 ft2
world-class automated inverter manufacturing and assembly facility.
The manufacturing center compliments the company's research and
development, design, and testing innovation centers in Calgary and Mesa,
Arizona as well as Exro Vehicle Systems EV integration
services in Ann Arbor, Michigan,
to provide end-to-end full-stack technology solutions for
customers. Boasting a class 10,000 clean room, the facility brings
European automotive standards for technical cleanliness and track
and trace to North America. The
only facility of its kind in North
America, the manufacturing center fills a unique gap by
providing customers with a strategic onshore supply chain solution
for key powertrain components. On schedule for start of production
(SOP) in Q3 2023, this net-zero targeted facility will be capable
of producing 100,000 Coil Driver™units per year, per an 8-hour work
shift.
Exro's Calgary and Mesa
Innovation Centers are both 15,000 ft2 engineering
laboratories focused on advanced power electronics design and
development for the Company's core technology: the Coil Driver™
inverter for e-mobility, and the Cell Driver™ battery control
system for stationary energy storage. The Calgary facility is equipped with both a
medium and small duty dyno for product testing, as well as sample
assembly, while Mesa hosts a
medium duty dyno and is Exro's primary site for vehicle product
demonstration. Exro Vehicle Systems in Ann Arbor rounds out Exro's eco-system by
providing end-to-end EV design and engineering services complete
powertrain designs that integrate Exro's core technology including
embedded software, Vehicle Control Units (VCUs) and batteries.
Since May 2022, Exro has announced
three initial purchase orders, each backed by multi-year sales
agreements, in addition to a new product development with a major
European partner in off-highway applications announced in October.
In the months ahead, Exro intends to continue backfilling the
manufacturing facility production capacity, demonstrating the
strong customer demand witnessed internally for the Company's
products while further de-risking visibility for shareholders to a
significant revenue ramp-up beginning in 2023.
About Exro
Technologies Inc.
Exro Technologies Inc. is a leading clean technology company
that has developed new generation power control electronics that
change how the world optimizes energy by expanding the capabilities
of electric motors and batteries. The company's innovative
technologies serve to bridge the performance-cost gap in e-mobility
(Coil Driver™) and stationary energy storage (Cell Driver™), and
act to accelerate adoption towards a circular electrified economy
by delivering more with less – minimum energy for maximum
results.
For more information visit our website at www.exro.com.
To view our Corporate Presentation visit us at
www.exro.com/investors
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.