EXRO:CC - InvestorNewsBreaks - Exro Technologies Inc.'s (TSX: EXRO) (OTCQB: EXROF) Cell Driver Energy Storage Receives UL Certification; New Subsidiary to Focus on Commercialization
Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that provides proprietary propulsion system technology for e-mobility and proprietary battery control technology for stationary energy storage, announced that its proprietary Cell Driver(TM) stationary energy-storage system has received UL certification status, making the technology a derisked and commercial-ready product. The company noted that certification marks a “significant milestone,” representing more than two years of development and testing. Exro is now looking to immediately deploy the Cell Driver technology to market, targeting commercial and industrial sectors. The company also unveiled Cellex Energy Inc., a new subsidiary dedicated to Cell Driver commercialization. A dedicated division enables the company to concentrate resources and expertise specifically on energy storage, enhance operational efficiency and market responsiveness, and strengthen customer and stakeholder engagement. “Bringing disruptive technology to market is never easy,” said Exro Technologies CEO Sue Ozdemir. “This important milestone is the result of years of dedication and hard work from our team. We extend our sincere gratitude to our shareholders for their support throughout the UL certification process. The process presented many challenges for both Exro and the UL certifier team as we worked to certify an innovative technology with capabilities that exceeded existing UL testing standards. Thanks to the tenacity and determination of our employees, our energy storage technology is now ready to deploy and bring unparalleled safety, performance, and cost savings to customers.”
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About Exro Technologies.
Exro Technologies, now expanded through the strategic acquisition of SEA Electric, is a leading clean-technology company that has developed new-generation power control electronics. The company’s innovative suite of solutions, including Coil Driver(TM), Cell Driver(TM) and SEA-Drive(R), expand the capabilities of electric motors and batteries and offer original equipment manufacturer (“OEMs”) a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption toward a circular electrified economy by delivering more with less — minimum energy for maximum results. For more information about the company, please visit 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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