- Sue Ozdemir has 20-plus years experience in electric motor industry
- CEO focusing on advancing company’s through commercialization with existing strategic partners; also expanding customer base for new opportunities
Canada-based Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), one of the world’s proven leaders in the innovation of electric motors, has seen impressive success since the appointment of new CEO Sue Ozdemir late last year. Recognized as an accomplished executive and industry expert with more than two decades of accomplishments in the electric motor industry, including nine years at General Electric, Ozdemir has identified clear objectives for Exro with actual delivery on five major signed agreements since she joined the company.
Ozdemir was a passionate leader in the C-suite of GE, where she proved to be a leader in the innovation and manufacturing of electric motors. Ozdemir spent nine years at General Electric, serving as both CCO and CEO of GE’s Small Industrial Motors Division, overseeing the division’s North American and international markets, and ultimately building the division into a $160 million enterprise.
Ozdemir was also part of the executive team that managed the sale of the division to Wolong Electric, China’s largest motor manufacturer, in July 2018. After successfully completing the sale, Wolong retained her to lead the company’s GE motor division and drive growth towards becoming the number one motor manufacturer in the world.
In the statement announcing Ozdemir’s appointment, Exro noted that its new CEO would focus her passion on advancing the company’s breakthrough technology to enhance the performance of electric motors and power trains with a rapid commercialization strategy, working with existing strategic partners while expanding the customer base for new opportunities (http://ibn.fm/hdMw4).
In a letter sent to shareholders six months after her appointment (http://ibn.fm/6L1oM), Ozdemir noted that “these past few months have been exciting and rewarding as we have seen many developments as we execute our commercialization phase. The team and I are very excited about our future, and I would like to thank you all for your continued support.” Ozdemir added that her “commitment is to close eight strategic partnerships by the end of 2020.”
Exro has inked five partnerships or agreements in key mobility sectors. These agreements include Motorino Electric Bike, Mexico’s motor producer Potencia, e-boat manufacturer Templar Marine, Finland’s e-snowmachine manufacture Aurora Snowmobile and CleanSeed, which is electrifying heavy farm equipment.
“They demonstrate the scalability and versatility of the Exro technology,” Ozdemir stated. “I am very confident that we will close all eight deals this year. The team is working hard to ensure the agreements are strategic and the best fit for our resources and financing. There are ongoing discussions with customers small and large in a variety of mobility applications. We continue to evaluate customer-provided data, which helps us to determine the best fit for Exro and our partners.”
Upon joining the company, Ozdemir stated the following:“Exro is ready to work with strategic partners to utilize our technology to enhance performance and provide solutions for energy management. Clean energy is important to the future of our world. I believe that we are at the cusp of breakthroughs that will change the way we think about the industry. Energy consumption is sometimes taken for granted, but electricity powers so much of what we do, and it’s important that we continue to support breakthroughs that could improve the world for our future generations.”
Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of electric motors and power trains. Exro’s patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan. Exro allows the applications to achieve more while consuming less energy.
The widespread applications of the technology apply to optimizing the performance of all variable torque applications. As a company with exclusive technology that brings lucrative benefits in multiple industries, XRO is an attractive opportunity for investors seeking to leverage groundbreaking technology applied in a high growth market.
For more information, visit the company’s website at www.Exro.com
NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF
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