Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that develops new-generation power-control electronics that expand the capabilities of electric motors and batteries, recently held its annual general and special meeting of shareholders. The meeting was held on June 30, 2023, in Vancouver, British Columbia. According to the company, all individuals listed in the company’s Management Information Circular, which was dated May 31, 2023, were elected as directors of the company. The newly elected directors include Rodney Copes, Terence Johnsson, Sue Ozdemir, Aleksandra Miziolek, Anita Ganti and Frank Simpkins. In addition, the announcement noted that all other matters presented to shareholders were also approved by the requisite majority of votes. Those issues including setting the number of directors at six, appointment of the company’s auditors, approval of the company’s omnibus long-term incentive plan, ratification of grants made under that company’s incentive plan and a proposed amendment to existing Eat Well Group articles to adopt advance-notice provisions in respect of the nomination of directors. The report noted that 58,514,536 shares were voted, which represented 34.86% of the company’s issued and outstanding common shares.

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About Exro Technologies Inc.

Exro is a clean-tech company that has developed a new class of control technology for electric powertrains.  Exro’s advanced motor-control technology, its Coil Driver, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real-time so that torque demand and efficiency are optimized. The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors or implementing heavy mechanical-geared solutions. Exro offers a new solution for system optimization through implementation of the technology, which can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, and expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed. 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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