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TICKERS: XRO; EXROF

Firm Advances Energy System Enhancement Technology
News Update

Source:

The company is pursuing two product lines to address significant market needs and wants.

Exro Technologies Inc. (XRO:CSE; EXROF:OTCQB) announced in a news release it defined two distinct product lines for application of its Dynamic Power Management (DPM) technology, one each for motor and generator integration.

The company changed the name of its technology, the concept of an electric gearbox or coil switching, to Electronic Transmission Replacement Technology (ETR) because with it, a gearbox, or power train transmission, is not needed. "ETR's unique approach of enabled electronic circuit boards and software can replace mechanical solutions to improve both torque and speed," the release noted.

Application of this technology enhances the operating capabilities of electric motors, with only minor modifications to the motor required, and improves motors' electrical efficiency while in different states of operation.

Regarding the motor integration line, Exro is working with partners to custom design systems to meet their specific requirements. The goal there is to sign definitive agreements that will lead to commercialization.

As for its other line, generator integration, Exro has started work on adapting the technology to industrial generator applications and has identified specific sectors to pursue. The company is looking to develop this product line with one or more strategic partners.

"Our total system solution approach along with the flexibility to adapt to specific customer needs will significantly expand our product portfolio and our customer base," CEO Mark Godsy said in the release.

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