Exro Technologies (TSX.V: XRO) (OTCQB: EXROF), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, has partnered with a leading manufacturer of electromechanical drives to enhance electric commercial vehicles. Traktionssysteme Austria (“TSA”) plans to integrate its traction motor systems with Exro’s exclusive coil deriver technology to produce powertrain systems for the fast-growing segment of heavy-duty EV vehicles, including delivery vans, buses and trucks. Traktionssysteme Austria has 60 years of experience manufacturing traction motors and is a global leader in electromechanical drives. The partnership is designed to deliver a broader product range with increased performance. The potential for the partnership is promising; a recent report indicated that the global traction inverter market is projected to grow at a CAGR of 17.57% from $2.5 billion in 2018 to $7.7 billion by 2025. “Although this is not a commercial partnership, this is an important integration of TSA’s long-standing traction systems with our Coil Driver. It will help us to open up bigger markets and accelerate our impact in making commercial electric vehicles faster, smarter, and more powerful,” said Exro chief commercial officer Josh Sobil in the press release. “We are very excited to be working with a global leader like TSA and developing new technology together.”
To view the full press release, visit https://ibn.fm/Vv5vb
About Exro Technologies Inc.
Exro is a clean tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor-control technology, Coil Driver, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
The limitations of traditional electric machines and power technology are becoming more evident. In increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors or implementing heavy mechanical-geared solutions. Exro offers a new solution for system optimization through implementation of technology that can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, and expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed. 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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