Press Release

Exro announces independent testing of Coil Driver™ technology conducted by AVL, proving power electronics breakthrough that advances electric vehicle performance

October 7, 2021
  • Independent third-party organization AVL conducted multiple tests on Exro’s Coil Driver™, demonstrating its coil switching capabilities to optimize performance of an electric motor through the power electronics.
  • Results also prove Exro’s Coil Driver™ has successfully combined two traditionally separate formats of power electronics for the first time, that has the potential to reduce the weight and cost of electric powertrains.
  • Third-party testing from an industry-leading company like AVL illustrates Exro’s commitment to transparency and positions Exro as a pioneer in the power electronics and electric mobility spaces.

Calgary, Alberta (October 7, 2021) – Exro Technologies Inc. (TSX: EXRO, OTCQB: EXROF) (the “Company” or “Exro”), a leading clean technology company that has developed anew class of power electronics for electric motors and batteries, announced today its first independent third-party testing of its Coil Driver™ technology that was conducted by AVL, the world’s largest independent company for development, simulation and testing of powertrain systems and software for the automotive industry.

Exro partnered with AVL because of its deep knowledge of powertrain components and systems and its experience working with top automakers to ensure their systems meet design expectations and targets. AVL has been a trusted source of third-party testing for the automotive industry for over fifty years and its mechanical testing for the verification of powertrain systems carries significant weight among Exro’s customer base.

A series of tests were performed on an electric motor dynamometer (“dyno”) with the Coil Driver™ to demonstrate coil switching performance at various speeds and under different conditions. Coil switching is a term referring to the switching of electric motor configurations while in operation to optimize speed and torque, similar to how a gearbox changes the gears for a combustion vehicle as it changes speed.

Results from AVL’s testing demonstrated the Coil Driverᵀᴹ successfully switches coil configurations while in operation on an electric motor seamlessly. Exro is the first to perform coil switching through the electric motor controller, which is essential for scale, and important in electric vehicles to reduce costs while improving performance. These results prove Exro has successfully combined two traditionally separate formats of power electronics, the series mode for low-speed torque and parallel mode for high-speed efficiency, for the first time. This means that the Coil Driver will be able to deliver more performance out of the same motor with multiple torque profiles.

This successful third-party testing of Coil Driver technology enables the Company to accelerate commercialization and provides the validation customers need to confidently integrate the technology into various applications at scale. The full test report detailing the test procedure and results performed by AVL in October 2021 is available here:

AVL Test Report Coil Driver

“We are very proud of our CTO Eric Hustedt and his engineering team for accomplishing this breakthrough in power electronics and e-motor performance with the Coil Driver™,” said Sue Ozdemir, Chief Executive Officer of Exro. “By enlisting a prestigious organization such as AVL, we hope to show our commitment to go above and beyond in being fully transparent and prove that our technology performs as expected.  Exro is focused on bringing this new technology to market and this third-party testing is a great step towards building confidence with our customers and shareholders.”

 

About Exro Technologies Inc.

Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. Exro enables the application to achieve more with less energy consumed.

Exro’s advanced motor control technology, the Coil Driverᵀᴹ, expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many partners from all over the world to bring their technology to the electric mobility industries and beyond.

For more information visit our website at www.exro.com.

Visit us on social media @exrotech.

Contact Information

Investor inquiries: ir@exro.com

Canada investors: Jake Bouma at 604-317-3936

United States investors: Vic Allgeier at 646-841-4220

Media inquiries: media@exro.com

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements")within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will betaken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company’s annual information form for the financial year ended December 31, 2020, and financial statements and related MD&A for the financial year ended December 31, 2020, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

Be the first to get updates on everything Exro.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.