InvestorNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Releases Response to Patent Infringement Claims, Files Petition for Review of Patent
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, has responded to claims made by ePropelled by filing a petition with the U.S. Patent and Trademark Office for review of ePropelled’s patent as well as submitting an in-depth independent analysis of the patent conducted by an award-winning MIT professor. The company states that ePropelled claims are invalid. This action is in response to a lawsuit filed by ePropelled on Jan. 21 , 2022. The petition with the trademark office challenges the patentability of claims in a U.S. patent on the basis of prior art, which is defined as evidence that an invention was already known prior to filing for patent protection; the filing concludes that ePropelled’s 103 patent, which Exro is alleged to have infringed, is itself invalid. Exro also filed a separate defamation lawsuit against ePropelled Inc. in February 2022. “We are confident in our ability to defeat the claims made against us, and this IPR filing will affirm the fact that ePropelled’s patent is invalid, making it impossible for any entity to infringe on it,” said Exro CEO Sue Ozdemir in the press release. “Our focus remains on our continued successful product development and commercialization with our partners. While we vigorously defend our technology and our reputation against this unmerited patent infringement lawsuit, we are undistracted from the execution of our business strategy and our commitment to deliver innovative next-generation technology to the electric mobility market.”
To view the full press release, visit https://ibn.fm/TgJIw
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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