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Exro Provides Corporate Update with Letter to Shareholders

Newswire.ca - Wed Mar 6, 4:30AM CST

CALGARY, AB, March 6, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean-technology company focused on developing new generation power-control electronics that expand the capabilities of electric motors and batteries, is pleased to announce the release of a CEO letter to shareholders. The letter provides additional rationale behind Exro's transformational merger with EV technology company SEA Electric Inc. ("SEA Electric"), discusses important factors in electric vehicle ("EV") adoption across vehicle segments, and outlines Exro's market positioning. The letter also discusses recent events including filing of a supplement to Exro's base shelf prospectus, completion of UL testing for Exro's Cell Driver energy storage technology, and details of a technical presentation by Exro's Chief Technology Officer (CTO) Eric Hustedt this week at the International Conference of Advanced e-Motor Technologies, including data demonstrating the Coil Driver's ability to overcome traditional 3 phase drive limitations.

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