InvestorNewsBreaks – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) Announces Strategic Agreement with Inferno Solar
Exro Technologies (TSX: EXRO) (OTCQB: EXROF) is a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries. The company today announced its entry into a development and distribution agreement with Inferno Solar Ltd., an Alberta-based supplier of solar and electric vehicle (“EV”) charging solutions. The agreement includes deployment of a solar-plus-storage product offering, called the Inferno System, which integrates Exro’s Cell Driver(TM) Energy Storage System. Under the agreement, Inferno will hold exclusive distribution rights within Western Canada for five years. “We welcome Inferno as our first integrator as we build a network of leading integrators and customers that will support taking Cell Driver to market in the multi-billion dollar commercial and industrial space,” said Exro CEO Sue Ozdemir. “To bridge the gap to large scale adoption of sustainable energy solutions requires innovation to deliver quality, affordable solutions and a passion by companies to affect change within their local communities. Inferno and Exro’s values align in doing just that. We look forward to joining them in their efforts to bring affordable, reliable clean energy to Western Canada, while also providing visibility to Exro shareholders on one of the near-term pathways to revenue for our differentiated product offering in the under-serviced commercial and industrial sector.”
To view the full press release, visit https://ibn.fm/sFTwn
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 and stationary energy storage, 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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