Company News

Toronto, Ontario--(Newsfile Corp. - le 21 septembre/September 2020)

Uplisting to TSX Venture Exchanges will improve visibility of Exro to the investment community

CALGARY, AB / ACCESSWIRE / September 3, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF), a leading technology company which has developed a new class of power electronics for powertrains shares a corporate update from the CEO, Sue Ozdemir.

CALGARY, AB / ACCESSWIRE / September 1, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) (the "Company" or "Exro") announces that it has granted incentive stock options to certain officers, employees and consultants to purchase an aggregate of 1,692,000 shares in the capital of the Company at a price of $1.00 per share, pursuant to the terms of its stock option plan. All of the options are subject to vesting provisions, and any shares issued upon exercise of an option will be subject to a hold period of four months and one day from the date of grant.

Exro Technologies is pleased to announce its 2020 second quarter financial results

Exro Technologies is pleased to announce Sue Ozdemir to sit as chair of newly formed NEMA Automotive Component Council (ACC)

Exro Technologies is pleased to welcome Gary Mar as a new Advisory Board Member

LOS ANGELES, CA / ACCESSWIRE / August 5, 2020 / LD Micro today announced the initial list of companies slated to present at the upcoming LD 500, taking place September 1st-4th, 2020, exclusively online.

Exro Customized Coil Driver Delivered

Exro Technologies is pleased to welcome Richard Meaux as Chief Marketing Officer

LOS ANGELES, CA / ACCESSWIRE / July 16, 2020 / LD Micro today announced that it will be hosting ten companies over the final two weeks of July, with a group presentation in the morning, followed by private investor meetings throughout the day.

VANCOUVER, BC / ACCESSWIRE / July 15, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) ("Exro" or the "Company"), and Australia's SEA Electric Pty Ltd. ("SEA Electric") are partnering to enhance electric powertrain technology for heavy-duty trucks and delivery vehicles.

VANCOUVER, BC, July 10, 2020 /CNW/ - Trading resumes in:

Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, BC, July 10, 2020 /CNW/ - The following issues have been halted by IIROC:

VANCOUVER, BC / ACCESSWIRE / July 8, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) (the "Company" or "Exro") is pleased to announce the results of voting at its annual general meeting of shareholders which was held yesterday, July 7th, 2020 in Vancouver, British Columbia (the "Meeting"). All matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated June 2, 2020, were approved by an overwhelming majority of votes cast at the Meeting.

VANCOUVER, BC / ACCESSWIRE / June 25, 2020 / Exro Technologies Inc. (CSE:XRO) (the "Company" or "Exro") is pleased to announce that due to investor demand, it is increasing the size of its previously announced offering (the "Offering") of units of the Company ("Units") from Cdn $5,000,000 to Cdn $8,000,000. Exro filed a preliminary short form prospectus (the "Prospectus") with respect to the Offering on June 23, 2020.

Not for distribution to United States newswire services or for dissemination in the United States

via NetworkNewsAudio — Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) today announces that its CEO, Sue Ozdemir, has been featured in an exclusive audio interview with NetworkNewsWire (“NNW”), a financial news and content distribution company and...

Advancing commercialization of coil drive technology in the mobility space

VANCOUVER, BC / ACCESSWIRE / June 10, 2020 / At the request of IIROC, Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF)("Exro" or the "Company") wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity in respect of its common shares.

VANCOUVER, BC / ACCESSWIRE / June 8, 2020 / Sue Ozdemir, the CEO of Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) ("Exro" or the "Company"), will present the latest overview of The Company's advances at The Summit Group Virtual Summer online event on June 10th.

VANCOUVER, B.C. / ACCESSWIRE / June 1, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) (the "Company") is pleased to announce its first-quarter 2020 financial results for the three months ended March 31, 2020.

VANCOUVER, BC / ACCESSWIRE / May 21, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) (the "Company") is pleased to announce Eric Hustedt, a proven industry innovator in automotive and power electronics, has joined Exro as its new Chief of Engineering.

VANCOUVER, BC / ACCESSWIRE / May 12, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF)(the "Company") invites investors and industry leaders to view an update of the Company's technology and commercialization strategy from its Chief Commercial Officer, Josh Sobil.

Commercialization deal number 5 establishes Exro in the agriculture sector

VANCOUVER, BC / ACCESSWIRE / April 8, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) (the "Company") is providing a Corporate update in a letter from the CEO to its shareholders.

VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / Exro Technologies Inc. (CSE:XRO);(OTCQB:EXROF) (the "Company") is pleased to announce Werner Kitz, an industry leader in electric motors and drives, has joined the Exro Business Advisory Board ("Advisory Board").

VANCOUVER, BC / ACCESSWIRE / March 10, 2020 / Exro Technologies Inc. (CSE:XRO; OTCQB:EXROF) (the "Company" or "Exro") announces that it has granted incentive stock options to certain directors, officers, employees, and consultants to purchase an aggregate of 735,000 shares in the capital of the Company at a price of $0.375 per share, pursuant to the terms of its stock option plan. All of the options are subject to vesting provisions, and any shares issued upon exercise of an option will be subject to a hold period of four months and one day from the

VANCOUVER, BC / ACCESSWIRE / March 5, 2020 / Sue Ozdemir, the CEO of Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) ("Exro" or the "Company"), is pleased to announce Exro's technology to improve the performance of the world's electric motors will be profiled on Business TV-News. It will first air this weekend in Canada on the BNN Bloomberg network.

LOS ANGELES, CA / ACCESSWIRE / March 4, 2020 / Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) ("Exro", the "Company") today announced it will be presenting at the third annual LD Micro Virtual Conference on Wednesday, March 4 at 11:40AM/2:40 EST. Exro's CEO Sue Ozdemir will be giving the presentation and answering questions from investors.

VANCOUVER, BC / ACCESSWIRE / March 3, 2020 / Exro Technologies Inc. (CSE:XRO; OTCQB:EXROF) ("Exro", the "Company") has been invited to present a white paper of its technology that enhances electric motor performance to the Car Training Institute (CTI), the world's leading summit on advances in automotive transmission, hybrid and electric drive technologies.

VANCOUVER, BC / ACCESSWIRE / February 27, 2020 / Exro Technologies Inc. (CSE:XRO; OTCQB:EXROF) (the "Company" or "Exro") is pleased to announce that, further to its news releases dated February 6 and 14, 2020, it has closed the second and final tranche of its oversubscribed non-brokered private placement financing and raised $4,299,590 through the issuance of 12,284,545 common shares ("Shares") at a price of $0.35 per Share (the "Offering"). In the second tranche, 2,253,897 Shares were issued for gross proceeds of $788,864.

VANCOUVER, BC / ACCESSWIRE / February 14, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) (the "Company" or "Exro") is pleased to announce that, further to its news release dated February 6, 2020, it has completed the first tranche of its non-brokered private placement financing and raised $3,510,727 through the issuance of 10,030,648 common shares ("Shares") at a price of $0.35 per Share (the "Offering").

VANCOUVER, BC / ACCESSWIRE / February 6, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF) (the "Company" or "Exro") is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of up to $3,000,000 through the issuance of up to 8,571,428 common shares ("Shares") at a price of $0.35 per Share (the "Offering"). The Offering is expected to close on or before February 20, 2020.

Exro's technology will be added to optimize range and cost

Exro invests in expanded research lab and demonstration facility

VANCOUVER, B.C. - TheNewswire - January 7, 2019  – Exro Technologies Inc. (CSE:XRO) (CNSX:XRO.CN) (OTC:EXROF) (the “Company”) is pleased to announce Viorel Nica, an industry pioneer in maximizing the benefits of electric motors and control systems, has joined the Exro Business Advisory Board (“Advisory Board”).

VANCOUVER, B.C. - TheNewswire - January 3, 2020 – Exro Technologies Inc. has appointed software and data innovator Steven Moon as Chief Product Officer, to lead further utilization of Exro’s electric-motor-enhancing technology by the global marketplace.

Exro meets another milestone to commercialization

November  20, 2019 - TheNewswire - Vancouver, B.C. - Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (the “Company” or “Exro”) continues its move to rapid commercialization through a development partnership to optimize the performance of electrical engines in the multi-billion-dollar e-Boat market.

November 12, 2019 - TheNewswire - Vancouver, B.C. – Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (“Exro”, the “Company”) is pleased to announce that Josh Sobil will be joining the Company in the role of Chief Commercial Officer and will be responsible for leading Exro’s sales and marketing strategies globally. Mr. Sobil will manage all commercial partnerships and opportunities as Exro expands its product offerings targeting increased efficiencies and better performance in the electric motor industry as well as power conversion in various aspects of the electrification evolution.

VANCOUVER, B.C. - TheNewswire - November 6, 2019 – Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (the “Company”) is pleased to announce that it has completed a non-brokered private placement financing of 700,000 common shares at $0.27 per share for proceeds of $189,000 (the “Offering”).  The Shares are subject to a four month hold period from the date of issuance, pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.   No finder’s fees were paid by the Company.   The proceeds raised from the sale of this Offering will be applied towards working capi

VANCOUVER, B.C. - TheNewswire – Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (the “Company”) is pleased to announce that Darryl Wilson will be joining Exro as the Chairman of its Business Advisory Board (“Advisory Board”).  Exro is now formalizing its Advisory Board to provide guidance to the Company on its commercialization journey and will continue to expand the Advisory Board’s membership in the coming months.

VANCOUVER, B.C. - TheNewswire - October 31, 2019 – Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (the “Company”) is pleased to announce that, further to its news releases dated October 18, 2019 and October 22, 2019, it has completed the second and final tranche of a non-brokered private placement financing and raised an additional $221,535 through the issuance of 820,500 common shares (“Shares”) at a price of $0.27 per Share (the “Offering”).  In total, the Company has issued 6,023,110 shares for gross proceeds of $1,626,240. In addition, finder’s fee consisting of $71,096 cash as well as

VANCOUVER, B.C. - TheNewswire - October 22, 2019 – Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (the “Company”) is pleased to announce that, further to its news release dated October 18, 2019, it has completed the first tranche of a non-brokered private placement financing and raised $1,404,705 through the issuance of 5,202,610 common shares (“Shares”) at a price of $0.27 per Share (the “Offering”).  The Company has paid Finder’s fee consisting of 7% cash as well as the issuance of a Compensation Warrant equal to 7% of the number of Shares issued to investors introduced to the Company by

VANCOUVER, B.C. - TheNewswire – October 18, 2019 – Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (the “Company”) is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of up to $1,485,000 through the issuance of up to 5,500,000 common shares (“Shares”) at a price of $0.27 per Share (the “Offering”). The Offering is expected to close on or around October 28, 2019.  The Company has agreed to pay a Finder’s fee consisting of 7% cash as well as the issuance of a Compensation Warrant equal to 7% of the number of Shares issued to investors intro

VANCOUVER, B.C. - TheNewswire - September 18, 2019 – Exro Technologies Inc. (CNSX:XRO.CN) (OTCQB:EXROF) (the “Company” or “Exro”) is pleased to announce it has received its first production order for Motor Drivers from Potencia Industrial, S.A. DE C.V. (“Potencia”). This approximately US $500,000 purchase order is a result of successful testing that was achieved from the initial order announced on June 19, 2019 (News Release).  The Motor Drivers are designed for independent integration as well as being one of five modular units that comprise the overall Intelligent Energy Management System (“

 

VANCOUVER, B.C. - TheNewswire - September 9, 2019 - Exro Technologies Inc. (CNSX:XRO.CN) (OTC:EXROF) (the “Company” or “Exro”) is pleased to announce it has signed its first Licensing Agreement with Motorino Electric, marking a major advancement in electric motor performance coming to market. Motorino is a pioneer in the Canadian electric transportation industry starting over 17 years ago with its first product launch, and now having dozens of products across the electric bicycle, electric scooter and electric motorcycle categories.  

 

VANCOUVER, B.C. - TheNewswire - June 19, 2019 - Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) is pleased to announce an initial order has been received from Potencia Industrial for the Motor Driver (MD) controllers. The Motor Driver controller connects the battery to the electric motor and enables the motor to run more efficiently with high reliability and safety features. The Motor Driver is designed for independent integration as well as being one of five modular units that comprise the overall Intelligent Energy Management System (IEMS) that was announced on Jun

VANCOUVER, B.C. / TheNewswire / June 12, 2019 – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company”) Exro is pleased to report the architectural design of its Intelligent Energy Management System (IEMS) has been completed addressing the important relationship between the electric motor and the lithium ion battery.

June 5, 2019 / TheNewswire / VANCOUVER, B.C. – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to report on recent business activities involving its Dynamic Power Management Technology (DPM). On February 14, 2019 Exro announced (News Release) the third-party validation of its first Electric Gearbox. Subsequently, further work has now been completed moving the technology from “proof of concept” to definitive product offerings. Exro has developed two distinct product lines for DPM applications - one addressing motor integration and the other generator integration.

April 4, 2019 / TheNewswire / VANCOUVER, B.C. – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce the appointment of Ari Berger to the position of Chief Technology Officer (“CTO”). Mr. Berger is an expert in motor control with distinguished system engineering capabilities, is the owner of NIG Systems Ltd in Israel, servicing the highest demanding customers, and worked for Bental Industries, a leading motor manufacturer in Israel.

VANCOUVER, B.C. /TheNewswire/ March 25, 2019 – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce that it has now completed its non-brokered private placement financing announced on March 22, 2019 and issued a total of 8,180,500 common shares for gross proceeds of $2,045,125.  

VANCOUVER, B.C. / TheNewswire / March 21, 2019 – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing for gross proceeds of $2,040,125 through the issuance of 8,160,500 common shares (“Common Shares”) at a price of $0.25 per Common Share (the “Offering”). The Offering is expected to close on or around March 25, 2019.   The Company has agreed to pay a Finder’s fee consisting of 7% cash as well as the issuance of a Finder’s Warrant equal to 7% of the number of Shares issued to investors intro

Vancouver, British Columbia--(Newsfile Corp. - February 14, 2019) - Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) is pleased to announce that it has developed its "Electric Gearbox" technology, which is derived from Exro's Dynamic Power Management (DPM) System. The Electric Gearbox brings material value to many applications, and was recently reviewed and validated by an independent qualified company ELEN-MECH Consulting Inc.

Vancouver, British Columbia--(Newsfile Corp. - December 3, 2018) -  Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) and Potencia Industrial S.A., a global manufacturing company based in Mexico City ("the Companies"), have initiated phase one of their collaboration on taxi motor conversions pursuant to the news release issued May 7, 2018.

Vancouver, British Columbia--(Newsfile Corp. - November 14, 2018) -  Exro Technology Inc. (CSE: XRO) (OTCQB: EXROF) ("Exro") CEO Mark Godsy provides Corporate Update.

Vancouver, British Columbia--(Newsfile Corp. - September 25, 2018) - Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) ("Exro") announced today that further to the Company's news release issued August 29, 2018, it has completed the acquisition of Adaptive Generators AS ("Adaptive"). Combining the resources, knowledge and technologies of both companies expands our value proposition as Exro nears commercialization of its unique approach to energy conversion. Further, the intellectual property portfolio is also strengthened with this acquisition and we will continue to pursue new patent opportunities moving forward.

Vancouver, British Columbia--(Newsfile Corp. - August 29, 2018) - Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) ("Exro") announced today the acquisition of Adaptive Generators AS, ("Adaptive") a privately-owned Norwegian company that has developed a patented technology for use in programmable, fault-tolerant generators, motors and battery systems. This technology is bi-directional for use in standalone or combined motor-generator-battery-grid applications and has the potential to enhance the performance of Exro's existing technology by enabling power systems to operate more efficiently at variable speeds, loads, and torque.

Vancouver, British Columbia--(Newsfile Corp. - August 17, 2018) - Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) ("Exro" or the "Company") is pleased to report that shareholders voted in favour of all resolutions brought forth at the Company's annual general meeting of shareholders (the "Meeting") held on Thursday, August 16, 2018 in Vancouver, British Columbia.

Vancouver, British Columbia--(Newsfile Corp. - July 30, 2018) - Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) ("Exro" or the "Company"), is pleased to announce the closing of a second and final tranche of a non-brokered private placement (the "Private Placement") of 1,040,000 common shares at a price of $0.25 per share, representing proceeds raised in the second tranche of the Private Placement of $260,000. The aggregate gross proceeds raised in both tranches of the Private Placement amount to $2,102,500.

Vancouver, British Columbia--(Newsfile Corp. - July 26, 2018) - Exro Technologies Inc. (CSE: XRO) ("Exro" or the "Company"), is pleased to announce the closing of its previously announced non-brokered private placement for gross proceeds of $1,842,500 (the "Offering"). Under the Offering, the Company issued 7,370,000 common shares at a price of $0.25 per share, representing an oversubscription of 1,370,000 common shares. Due to high demand, the Company expects to close an additional tranche of previously allocated subscriptions for the Offering next week.

Vancouver, British Columbia--(Newsfile Corp. - July 24, 2018) - Exro Technologies Inc. (CSE: XRO) ("Exro" or the "Company"), is pleased to announce that it is conducting a non-brokered private placement offering of 6,000,000 common shares (the "Offering") at a price of $0.25 per share for proceed of up to $1,500,000.

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2018) - Exro Technologies Inc.  (CSE: XRO) (OTCQB: EXROF) ("Exro" or the "Company") is pleased to announce that it has a entered into a definitive agreement (the "Agreement") with Alumina Partners (Ontario) Ltd. ("Alumina") for a commitment of up to $5,000,000 CDN (five million dollars) in an at-will offering facility (the "Facility").

Vancouver, British Columbia--(Newsfile Corp. - June 13, 2018) - Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) ("Exro" or the "Company") Exro Technologies is pleased to report that consistent with its recently announced collaboration with Potencia Industrial of Mexico City, it is focusing resources on a new application of its coil switching technology around improved torque/speed performance of electrical motors.

Vancouver, British Columbia--(Newsfile Corp. - June 5, 2018) - Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) ("Exro" or the "Company") Energy management company Exro Technologies and battery and portable power solutions group Lithium Werks have agreed to collaborate to improve the way batteries are controlled under variable conditions.

Vancouver, British Columbia--(Newsfile Corp. - May 7, 2018) - Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) ("Exro" or the "Company") is pleased to announce an industrial collaboration agreement with Potencia Industrial, a global manufacturer of high efficiency motors and generators based in Mexico City, Mexico.

Vancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - Exro Technologies Inc. (CSE: XRO) (“Exro” or the "Company") 

Vancouver, British Columbia--(Newsfile Corp. - January 8, 2018) - Exro Technologies Inc. (CSE: XRO) ("Exro" or the "Company") is pleased to announce the appointment of Monica Harrington to Exro's executive team filling the role as Chief Marketing Officer ("CMO").

Vancouver, British Columbia--(Newsfile Corp. - December 20, 2017) - Exro Technologies Inc. (CSE: XRO) ("Exro" or the "Company") is pleased to announce that it has agreed to integrate its proprietary Direct Power Management (DPM) technology into a motor used for a fixed wing Unmanned Aerial Vehicle (UAV). The integration will be for a Fortune 50 company working on UAV technologies for its customers and will be tested and calibrated over a 3-4 month period. The purpose of this project is to determine whether Exro's technology can extend flight service and range.

Vancouver, British Columbia--(Newsfile Corp. - November 24, 2017) - Exro Technologies Inc. (CSE: XRO) ("Exro" or the "Company"), at the request of IIROC, wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.