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TICKERS: XRO; EXROF

Clean Tech Firm Joins with Electric-Powered Motorcycles Developer to Advance Powertrain Efficiency
News Update

Source:

Exro Technologies reported it will be collaborating with Zero Motorcycles to develop advanced coil drive powertrains for the electric motorcycle market.

In a news release, Exro Technologies Inc. (XRO:CSE; EXROF:OTCQB) announced "it has initiated a collaboration agreement with Zero Motorcycles to evaluate Exro's patented coil drive technology using Zero's SR/S powertrain platform."

Exro Technologies noted that "Zero is a world leading developer of electric-powered motorcycles offering a superior riding experience and that its motorcycles are optimized from the ground up to leverage the revolutionary Z-Force powertrain which uses specially designed components to minimize weight, size and complexity, thereby providing riders with bikes that are lightweight, efficient and provide superior performance."

Exro's CEO Sue Ozdemir commented, "We are excited to work with Zero on this development...The ZF75-10 design is already an elite motor and, in partnership with Exro, there are opportunities to elevate the powertrain performance even further. This partnership is another step in the commercialization of our technology, and we look forward to delivering."

Under the terms of the agreement, both companies will work together to integrate Exro's coil drive technology into Zero's ZF75-10 based motorcycle. Exro will be tasked to provide power electronics design and supply while Zero provides motor technology and integration support.

Ryan Biffard, technical lead for powertrain development for Zero, remarked, "Zero is continually focused on innovation for our products...We're excited to work together with Exro to evaluate possible further enhancements to the performance of our bikes."

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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