Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean energy technology company that has developed new generation power control electronics, is the recipient of the 2022 “Illuminations Award for Business Innovation” from the National Electrical Manufacturers Association (“NEMA”). The nominations committee selected Exro based on its technical innovation and application of advanced technology. “It gives me great pride to accept this award from NEMA, an organization which I respect dearly for its contributions to our industry, and which shares Exro’s commitment to leading the transition towards a sustainable electrified world,” CEO Sue Ozdemir said in accepting the honor. “While Exro is a relative newcomer on the electrification stage, we continue to punch above our weight-class having advanced our innovative proprietary technologies for e-mobility (Coil Driver(TM)) and stationary energy storage (Cell Driver(TM)) from relative proof-of-concepts in 2019 to manufacturing commercialization with the start of series production in Q3 2023. We are incredibly grateful to NEMA for this recognition and for the industry leadership they provide to the many great electrical products manufacturers.”

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About Exro Technologies Inc.

Exro is a leading clean technology company that has developed new generation power control electronics that change how the world optimizes energy by expanding the capabilities of electric motors and batteries. The company’s innovative technologies serve to bridge the performance-cost gap in e-mobility (Coil Driver(TM)) and stationary energy storage (Cell Driver(TM)), and act to accelerate adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. For more information, visit the company’s website at www.Exro.com.

NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF

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