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Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), a Canadian
technology company, is an innovative pioneer in the energy sector. Exro has developed and commercialized an electric power module (EPM) that integrates into existing motor systems to make them smarter. Exro’s patented technology optimizes existing motor performance by automatically sensing and adapting operating parameters to an optimized state, creating measurable efficiency gains, reduced mechanical components and increased system availability.
Applications
Exro’s technology and efficiency optimization algorithms improve the performance and efficiency of electric motors by manipulating power delivery to individual coils, thereby enabling the ability to expand operating parameters. This novel approach is scalable and can be utilized in most variable torque applications.
The widespread applications of Exro’s technology apply to optimizing the performance of electric vehicles, locomotive traction applications, industrial motors, and other variable torque applications that benefit from smart energy conversion.
Investment Considerations:
- Corporate vision represents a multibillion opportunity for Exro’s energy management system solutions, aimed at accelerating the worldwide adoption of electric and renewable power systems
- Target global market size includes 63 billion bikes and scooters, 55 billion electric vehicles, and 14 billion e-recreational vehicles such as snowmobiles, boats and ATVs
- Global market growth in the electric motor sectors will continue as the demand for low-impact, zero-emission vehicles accelerates. The projected growth in EV sales is 40% CAGR to 2030. At that time estimated sales of EVs will be 60M units per year with a 50% share of total units sold.
- Exro’s technology can be applied and scaled to a wide variety of commercial sectors
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