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, and its Coil Driver(TM) technology were recognized with a Gold Edison Award. According to the announcement, Exro’s Coil Driver received the Gold Edison Award for Best New Product in manufacturing, logistics and transportation at the 2022 Edison Awards Gala; the gala was held in Fort Myers, Florida. Exro CEO Sue Ozdemir accepted the award at the event. Named for Thomas A. Edison, an Edison award is one of the highest recognitions given in the industry. Exro’s Coil Driver was recognized for its ability to deliver more power, speed and torque from a single electric motor as well as for its ability to enable intelligent electronic gear switching in real time to expand electric vehicle performance and increase range. Selected by a panel of some 3,000 leading business executives, Edison award winners were recognized in the categories of product development, design, engineering, science and medicine. “On behalf of our shareholders and the entire team at Exro, it is an honor to join such an established list of innovative companies named as Edison Award winners,” said Exro CEO Sue Ozdemir in the press release. “At Exro, everyone brings something unique to the table to foster a culture of continuous innovation, but we’re all motivated by a shared vision for an electrified world where power is consumed intelligently, equitably and with minimal resources or waste. We’re glad our peers recognize the value of Coil Driver to help get us there.”

To view the full press release, visit https://ibn.fm/jeYss

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.

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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