- Exro CEO Sue Ozdemir hosts a dwell webcast to supply shareholders a view inside its manufacturing facility and a overview of the primary half of 2022.
- Exro shared a digital tour of its state-of-the-art sustainable manufacturing facility in Calgary, Alberta, demonstrating progress in the direction of establishing a resilient, localized provide chain in North America.
- Further highlights from the webcast embrace enterprise updates, in addition to a recap of accomplishments within the first half of this yr.
CALGARY, AB, July 14, 2022 /CNW/ – Exro Applied sciences Inc. (TSX: EXRO) (OTCQB: EXROF) (the “Firm” or “Exro”), a number one clear know-how firm that has developed a brand new class of energy electronics for electrical motors and batteries, introduced as we speak mid-year firm updates in a dwell webcast and the presentation file might be out there on the Firm web site right here.
Shareholders unable to attend the webcast can discover an summary beneath of the knowledge lined throughout the webcast, together with updates on Exro’s services and capabilities, power storage system know-how and different key tasks.
Exro’s know-how is ideally positioned to evolve and interact alongside the electrification of transportation no matter propulsion know-how market route. The corporate laid out a scientific go-to-market technique by constructing momentum with key gamers within the e-mobility and power storage markets, increasing partnerships, constructing on its profitable observe document of innovation and improve its penetration of the OEM market with its engineering and consulting choices.
Exro shared details about its award-winning Coil Driver™ know-how and its native means to perform as an AC quick charger, eliminating the necessity for an on-board charger or exterior DC quick charger. The know-how can ship as much as stage 4 fast-charging and vehicle-to-anything (V2X) capabilities. These product options provide advantages to authentic tools producers (“OEMs”), electrical automobile fleet operators and charging operators by simplifying electrical powertrains and decreasing whole value of possession.
Exro shared further details about its Vitality Storage System (“ESS”), which is powered by its patented Battery Management System™ (“BCS”). The BCS know-how expands the capabilities of batteries of their first and second life by enabling a higher depth of management on the cells. The know-how optimizes battery packs for well being and efficiency on the mobile stage, extending battery life and allowing stationary power storage programs to function extra safely, with much less down time.
The Firm’s patent portfolio continues to develop and now contains 40 patents which were printed or are pending. This contains 25 issued and 15 patent functions, with wholly owned mental property in 13 patent households. Exro’s international patent portfolio contains protection in strategic international locations, together with the U.S., Canada, Nice Britain, France, Hong Kong, Japan and lots of others.
Exro’s partnership with Traktionssysteme Austria (TSA) is progressing properly, as the 2 corporations are collaborating on a motor for top voltage functions. The 2 corporations are partnering to check and develop electrical drive options utilizing a TSA motor and an Exro Coil Driver™. Current testing continues to assist Exro’s best-in-class efficiency and proceed to exceed expectations, reaching excessive torque output with out limitations to hurry vary. An engineering group from Exro will journey to Austria subsequent week for the subsequent part of testing on the excessive voltage Coil Drive System.
Throughout as we speak’s dwell webcast, Exro CEO Sue Ozdemir shared a digital tour of the Firm’s state-of-the-art sustainable manufacturing facility in Calgary. To satisfy automaker’s staunch Environmental, Social and Governance (“ESG”) provide chain expectations and Exro’s net-zero carbon emissions targets, the 37,000 sq. foot facility will run on clear power options. The manufacturing facility could have the potential to supply as much as 100,000 items yearly. The power includes a photo voltaic panel array on the roof and a Class 10,000 clear room with a floor mount know-how (SMT) manufacturing line. The manufacturing facility will goal to be ISO 9001, ISO 45001, ISO 14001, and IATF 16949 compliant for the beginning of manufacturing.
Moreover, the world class, net-zero designed facility options technical cleanliness, observe and hint, water conservation and nil waste product capabilities. It was inbuilt compliance with probably the most stringent international high quality requirements, making it distinctive in North America for automotive functions.
To satisfy automaker demand for resilient, localized provide chains, Exro is targeted on finishing its new services in Calgary and Mesa, Arizona. Anticipating provide chain delays, Exro proactively ordered dynamometers (“dyno”) of varied sizes for its North American services. Exro has taken supply of its mid-size dyno in Mesa, Arizona. The dyno has been commissioned and is now prepared to be used on the Firm’s U.S. innovation middle. A big dyno was ordered in 2021 and is predicted to reach at Exro services by the top of the third quarter.
Exro stays on observe to fee its SMT manufacturing line earlier than year-end. The tools is on website and put in on the Firm’s manufacturing facility, and engineers are at the moment working via begin up procedures for the tools.
Regardless of latest TSA testing which might assist on-time supply of the excessive voltage Coil Driver for the SEA Electrical undertaking within the second quarter of this yr, this timeline has been impacted by provide chain challenges. Whereas Exro and SEA Electrical proceed to collaborate, supply of the Firm’s Coil Driver™ is now at the moment scheduled for the third quarter of 2022. This delay doesn’t influence the focused first manufacturing dates within the second half of 2023. The groups are working concurrently to arrange for set up and integration upon supply.
Exro is co-developing a subsequent technology e-axle with Linamar for the electrical powertrain marketplace for medium-duty industrial autos by designing and supplying gearbox and clever inverter options for high-speed low torque and low-speed excessive torque functions. This continued partnership with a Tier 1 automotive provider maintains Exro’s place within the extremely aggressive automotive provide chain. Prototype testing and validation for a compact and cost-effective e-Axle with Coil Driver™ stay on observe to be accomplished this quarter.
Neighborhood Motor Firm:
In Could, Exro introduced a purchase order order from Canadian-based bus producer Neighborhood Motor Firm. The multiyear gross sales and repair settlement (the “settlement”), contains the acquisition of high-voltage Coil Drive System items from Exro, together with a manufacturing slot, system pricing and commissioning providers.
Exro Car Techniques will present system engineering consulting providers to combine the electrical powertrain for Neighborhood’s fleet of next-generation electrical buses. Information of this deal adopted a beforehand introduced provide settlement below which the businesses have accomplished practically 12 months of growth and testing to conduct operational validation for the Neighborhood Lightning™ electrical bus.
Additionally in Could, Exro introduced that it had signed an settlement with ev Transportation Providers, Inc. (“evTS”), a Boston-based specialty electrical automobile producer, to provide an preliminary amount of 1,000 items of its 100V Coil Drive System starting in 2023 to be used in evTS mannequin yr 2023 FireFly autos.
This order adopted months of collaboration below a non-disclosure settlement (“NDA”) between the Exro and evTS engineering groups and demonstrated the advance and optimization of FireFly powertrain efficiency enabled by Exro’s award-winning Coil Driver™ know-how. This settlement is the fruits of the cooperative efforts of the 2 corporations to design and deploy high-performing purpose-built, industrial electrical autos.
“It was nice to have the chance to have interaction instantly with our unimaginable shareholders and followers as we speak, present updates on our progress and provides them a chance to see our state-of-the-art manufacturing facility in Calgary,” mentioned Sue Ozdemir, CEO of Exro. “We’ve completed an incredible deal over the primary half of this yr and are gaining momentum each day on our path to take our product to market, construct our backlog, increase our expertise pool and improve our resilience amid continued provide chain challenges. At Exro, we’re dedicated to bringing our subsequent technology platform of revolutionary management know-how to market, and whereas we try to assign and ship on timelines, there may be not all the time a direct path with new know-how. Our dedication to delivering for our companions and prospects stays unwavering.”
About Exro Applied sciences Inc.
Exro is a clear know-how firm pioneering clever management options in energy electronics to assist clear up probably the most difficult issues in electrification. Exro has developed a brand new class of management know-how that expands the capabilities of electrical motors, mills, and batteries. Exro permits the appliance to attain extra with much less power consumed.
Exro’s superior motor management know-how, the Coil DriverTM, expands the capabilities of electrical powertrains by enabling clever optimization for environment friendly power consumption. Exro is working with many companions from everywhere in the world to convey their know-how to the electrical mobility industries and past.
For extra info go to our web site at www.exro.com.
To view our Company Presentation go to us at www.exro.com/buyers
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SOURCE Exro Applied sciences Inc.
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