Exro has been shown to dramatically increase the performance of e-bikes in independent field tests

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  • Motorino Electric validates the performance improvement of electric bikes with Exro Coil Driver technology

  • Breakthrough for the future of advanced bicycle technology and micro-mobility applications

  • Focus on commercial product strategies until 2021

CALGARY, AB / ACCESSWIRE / October 7, 2020 / Exro Technologies Inc. (TSXV: EXRO) (OTCQB: EXROF) (the “Company”), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, is pleased to ‘announce that third-party tests have proven its patented Coil Driver technology significantly improves the performance of electric bikes.

Motorino Electric (“Motorino”), the Vancouver-based manufacturer and distributor of electric bikes and motorcycles, has tested Exro’s technology through 2020 against a standard electric bike in the field. Tests revealed that the Exro improved electric bike saw its performance increase by over 20%, and up to 50% under climbing conditions. Exro will now begin negotiations on a commercial product for 2021.

“The Exro improved e-bike performed up to 50% better under climbing conditions in testing,” commented Steve Miloshev, Founder and CEO of Motorino. “The Exro was significantly more advanced for going up hills in particular, it maintained high and constant torque and speed immediately from start to hill tops. Our standard e-bikes were not up to par when riding. a run through Vancouver. “

Exro’s Coil Driver technology can be added to an electric vehicle powertrain to make electric motors faster, more powerful and smarter. E-bike field test results now indicate that Exro can transform the rapidly growing e-bike and e-scooter market, which Allied Market Research reports will exceed $ 23 billion by 2025.

“This is an incredible breakthrough not only in electric bicycle technology, but also for micro-mobility applications,” said Sue Ozdemir, CEO of Exro. “We couldn’t be more excited. This changes the model for improving the performance of e-bikes and other micro-mobility applications, to ensure that we make more use of the energy we put into batteries. I can’t wait to move on to product marketing. for the next year.”

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, our Coil Driver, extends the capabilities of electric motors and powertrains. The Coil Driver allows two separate torque profiles in a given motor. The former is calibrated for low speed and high torque, while the latter offers extended operation at high speed. The ability to change the configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and transparently selects the appropriate configuration in real time so that torque demand and efficiency are optimized.

The limitations of traditional electrical machines and energy technology are becoming increasingly evident. In many increasingly important applications, traditional methods cannot achieve the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical gear solutions. Exro offers a new system optimization solution through the implementation of its technology that can deliver the following results: increased driving cycle efficiency, reduced system volume, reduced weight, increased torque and speed capabilities. Exro allows the app to do more with less energy consumed.

For more information, visit our website at www.exro.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir
Chief Executive Officer

CONTACT INFORMATION
Canada: Jake Bouma
Vice President of Investor Relations
604-317-3936

United States: Vic Allgeier
TTC Group Inc.
646-841-4220

Email: [email protected]

CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terms such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations. of these words, or statements that certain actions, events or results “may”, “could”, “would”, “could”, “would be taken”, “occur” or “be achieved”. Forward-looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company with the Canadian securities regulatory authorities, which could cause actual results to, performance, outlook and opportunities differ materially from those expressed forward-looking statements. Although the Company believes that the assumptions and factors used in the preparation of these forward-looking statements are reasonable based on information currently available to management at the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which apply only as of the date of this press release, and no guarantee can be given that such events will occur within the time limits disclosed or as of the date of this press release. all. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THE SOURCE: Exro Technologies Inc.

See the source version on accesswire.com:
https://www.accesswire.com/609465/Exro-Proven-to-Dramatically-Increase-Performance-of-Electric-Bikes-in-Independent-Field-Tests


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