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Exro announces corporate update pertaining to patent applications

CALGARY — Exro Technologies Inc., a clean-technology company that develops power-control electronics that expand the capabilities of electric motors and batteries, announced a corporate update regarding two new patent applications strengthening its intellectual property position, upcoming interest payments pursuant with the terms of the C$15 Million bought deal convertible debenture financing, and operational updates appertaining to both the evolution of its Traktionssysteme Austria partnership and its on-track Coil Driver and Cell Driver series production scheduling.

In addition to prioritizing delivery of the Company’s motor and battery control products, Exro has been diligently working on advancing several new technologies, which includes two new U.S. provisional patent applications on an electric vehicle powertrain architecture.

“Exro is thrilled to add two new U.S. provisional applications to its comprehensive intellectual property protection program, which includes over 40 patents published and pending and IP wholly owned in 14 patent families providing or seeking global protection in strategic countries,” said Exro CEO Sue Ozdemir.

The Company’s first U.S. provisional application builds on the Company’s Coil Driver and Cell Driver foundation by combining its two advanced power electronics capabilities (motor and battery control) with predictive control algorithms to deliver benefits to EV propulsion. While there is growing market demand for hydrogen fuel cell applications, adoption is limited by overall costs; the patent presents a solution to reduce costs and increase performance in these applications.

Exro’s second U.S. provisional application is directed to a harmonic motor controller or current source. Exro’s technology replaces the calculation of the switch states performed by FOC with a proprietary algorithm to greatly simplify motor control.

Expanding on its existing efforts in North America, Exro and longstanding motor partner TSA are set to launch a European campaign, marking the partnership’s next stage of operations, and aligning with Exro’s global strategy to increase its presence in European and Asian markets. Said marketing initiative will bolster an unmatched solution for high voltage applications, that uses a TSA motor and an Exro Coil Driver to achieve peak system efficiencies.