Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, announced that its proprietary Coil Driver has been named a finalist in the 2022 Edison Best New Product Awards(TM) for manufacturing, logistics and transportation; final award winners will be announced in April at the 2022 Edison Awards Gala in Fort Myers, Florida. According to the announcement, EXRO’s Coil Driver is being recognized for its ability to enable intelligent, electronic motor switching in real-time to expand electric vehicle (“EV”) performance and increase range. The company also noted that recognition by the Edison Awards, which are named for Thomas Edison, is one of the highest accolades a company can receive in the name of innovation and business. Nominees are determined by a panel of more than 3,000 leading business executives including past award winners, academics and leaders in the fields of product development, design, engineering, science and medicine. “We’re honored to be named a finalist for this year’s Edison Best New Product Awards in recognition of the flexibility and versatility that Coil Driver lends to electric motor designs,” said Exro CEO Sue Ozdemir in the press release. “Instead of taking a one-size-fits-all approach to electric vehicle manufacturing, our innovative Coil Driver technology can be scaled up or down, using our own motor design, or integrating with others. Our ability to do all this, while enhancing EV performance and reducing costs sweetens the deal for our partners.”

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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. Exro enables the application to achieve more with less energy consumed. The company’s advanced motor control technology, the Coil Driver(TM) , expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with partners from all over the world to bring its technology to the electric mobility industries and beyond. For more information about the company, please visit www.Exro.com.

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