Press Release

Exro Shifts to Virtual Presentation at CES

January 3, 2022
  • Exro has switched to an all-virtual presentation for the upcoming 2022 Consumer Electronics Show due to the rapidly spreading COVID-19omicron variant.
  • CES registrants can visit Exro’s digital booth between January 5-7, 2022, to tour its next-generation electric vehicle demonstrators and learn about its Coil Driver and Battery Control System technologies.
  • Exro CEO Sue Ozdemir will provide a live virtual booth tour for CES registrants on Thursday, January 6, 2022, at 10 AM PST.

Calgary, Alberta (January 3, 2022) – Exro Technologies Inc. (TSX:EXRO, OTCQB: EXROF) (the “Company” or “Exro”), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, announced today that it will switch to an all-virtual presentation for the upcoming 2022 Consumer Electronics Show due to the rapidly spreading COVID-19 omicron variant. All CES registrants are invited to experience Exro’s virtual booth, learn more about its Coil Driver and Battery Control System technologies, and tour three next-generation electric vehicle demonstrators that have been retrofitted with its technology to improve performance and versatility here: https://www.exro.com/investors/events/ces.

Exro’s digital presence will feature exciting content including:

  1. Booth virtual tour: Registrants can experience a direct simulation of the Exro CES booth on-demand via video and images. Here, guests can tour Exro-owned vehicle demonstrators, including an electric Polaris Ranger Utility Terrain Vehicle (UTV) and Zero Motorcycle featuring Exro’s 100 Volt Coil Drive System, and an electric HUMVEE® showcasing Exro’s 800 Volt Coil Drive System. Booth visitors can virtually discover Exro’s Coil Driver and Battery Control System technologies and learn about how these innovations are driving EV performance, introducing AC fast-charging capabilities, and enabling Vehicle-to-everything (V2X) capabilities, along with other consumer-benefits.
  2. Live virtual booth tour with Exro CEO: On Thursday, January 6, 2022, at 10 AM PST, Exro CEO Sue Ozdemir will provide CES registrants with a digital live tour of the booth. Ozdemir will take visitors through each section of the booth, sharing more information about Exro technology, applications, and partners, as well as speaking to what the community can expect from Exro in the summer of 2022.
  3. Meetings with the Exro team: CES registrants are also invited to book personal meetings with Exro experts for individual booth tours.
  4. Exclusive giveaways: Lastly, registrants can participate in Exro’s CES exclusive virtual giveaways for a chance to win an adventure and solitude experience. One winner and their guest will receive travel and accommodations in Arizona in June 2022 for an unforgettable electric experience, including a ride in Exro’s retrofitted fully electric HUMVEE®.

HUMVEE® is a registered trademark of AM General, LLC.

“The health and safety of Exro employees is our top priority. Though we were pushing towards an in-person event, ultimately both the decision made by CES to reduce exhibiting days and the highly transmissible and rapidly spreading COVID variant impacted our plans,” said Sue Ozdemir, CEO of Exro. “That is why we’ve made the decision to take an all-digital approach at CES 2022. We’re confident that our digital booth experience will offer tremendous value to CES registrants, and the Exro team looks forward to virtually showcasing breakthrough vehicle technologies to engaging with key stakeholders and markets.”

CES registrants can access Exro’s virtual booth and engage with the team from January 5-7, 2022. Due to Exro’s late decision to shift to a digital presence, Exro’s physical booth will remain on-site at CES, staffed by its booth service provider who will be directing CES attendees to Exro’s virtual booth.

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. Exroenables 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 andbeyond.

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 STATEMENTREGARDING 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.

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