Exro Applied sciences’ Receives the 2022 Illuminations Award for Enterprise Innovation from the Nationwide Electrical Producers Affiliation

• Exro Applied sciences is winner of the 2022 ‘Illuminations Award for Enterprise Innovation’ from main electrical manufacturing business group NEMA

• Previous notable winner of this award from the e-mobility area is 2019 recipient ChargePoint Holdings Inc.

• The popularity is the third main business award obtained in 2022, following on Exro’s current AutoTech Breakthrough Award and the corporate’s Edison Gold Award earlier this yr

• Exro was chosen primarily based on the corporate’s technical innovation and utility of superior expertise in electrification

CALGARY, AB, Nov. 18, 2022 /CNW/ – Exro Applied sciences Inc. (TSX: EXRO), (OTCQB: EXROF) (the “Firm” or “Exro“) is happy to announce that the corporate is the recipient of the 2022 “Illuminations Award for Enterprise Innovation” from the Nationwide Electrical Producers Affiliation (NEMA). The NEMA Nominations and Awards Committee chosen Exro primarily based on its technical innovation and utility of superior expertise. Exro is honored to be acknowledged amongst prior recipients from the e-mobility area, together with corporations akin to ChargePoint Holdings Inc.

Based in 1926, NEMA is an ANSI-accredited Requirements Growth Group (SDO) made up of enterprise leaders, electrical specialists, engineers, scientists, and technicians. The “Illuminations Award for Enterprise Innovation” is an annual recognition of an organization that has demonstrated success by entrepreneurial experience, utility of superior expertise, or pioneering innovation. This yr’s award was accepted final night by Sue Ozdemir, CEO of Exro, at NEMA’s Annual Assembly and Awards Gala Dinner in Amelia Island, Florida.

In accepting this honor, Sue Ozdemir acknowledged, “It offers me nice delight to just accept this award from NEMA, a corporation which I respect dearly for its contributions to our business, and which shares Exro’s dedication to main the transition in direction of a sustainable electrified world. Whereas Exro is a relative newcomer on the electrification stage, we proceed to punch above our weight-class having superior our revolutionary proprietary applied sciences for e-mobility (Coil Driver™) and stationary power storage (Cell Driver™) from relative proof-of-concepts in 2019 to manufacturing commercialization with the beginning of collection manufacturing in Q3 2023. We’re extremely grateful to NEMA for this recognition and for the business management they supply to the various nice electrical merchandise producers.”

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Exro Coil Driver™ – Award Successful Know-how for e-Mobility

An electrical motor is just as good because the controller telling it how you can behave. At Exro, our concept is that if we make the controller smarter, we will enhance the efficiency of the complete powertrain. Exro accomplishes this with a brand new era of energy management electronics referred to as the Coil Driver™. The Coil Driver™ takes the prior-art physics of coil-switching and gives the power to manage an electrical motor on the particular person coil degree by the ability electronics embedded within the inverter. This coil-level management gives the power to modify motor profiles in real-time to ship two separate speed-torque profiles from the identical motor, successfully increasing the working vary of the motor by functioning like an digital gear. This permits producers important flexibility in design: Exro’s expertise can enhance efficiency by as much as 50% for a marginal price enhance or can optimize the system to scale back the load, complexity, and as much as 20% price financial savings of their powertrains with out sacrificing efficiency. The Coil Driver™ additionally removes the on-board charger for prime voltage drives. The elimination of extra gear simplifies the system, reduces system power loss, and permits design flexibility for integrators. This results in main price efficiencies for electrical transportation modes, offering the potential to speed up the transportation business’s transition away from combustion engines by fixing automakers’ performance-cost trade-offs. Sequence manufacturing of the Coil Driver™ will start from Exro’s world-class manufacturing facility in Calgary, Alberta starting in Q3 2023, providing clients the safety of North American provide for as much as 300,000 items per yr.

Exro’s Cell Driver™ – New Technology Know-how for Vitality Storage

With the worldwide push in direction of sustainable clear power options, the market outlook for stationary power storage continues to develop. Stress on utility grids has resulted in rolling blackouts in locations akin to California, Texas, Arizona and extra. These blackouts, mixed with inflated peak price prices for electrical energy, spotlight the rising want for versatile again up power storage options, significantly for industrial and industrial functions. Because the world seems to be to speed up adoption charges within the electrification of transportation and power storage, one of many best challenges to be addressed within the subsequent 5-10 years is the provision of batteries. Whereas relevant for brand spanking new batteries, the first goal of Exro’s Cell Driver™ expertise is to supply an efficient resolution for second-life functions, offering important price financial savings by reviving and using used EV and telecom batteries for a second-life utility. Enabling reuse of those cells is essential to lowering the environmental and local weather change impacts related to battery recycling and disposal and providing a real-world resolution that leads the way in which to a round electrified financial system. Exro’s Cell Driver™ is supplied with the corporate’s battery management system expertise, next-generation innovation that expands the capabilities of batteries by dynamically monitoring and controlling on the cell degree. Its capacity to retailer extra clear solar energy reduces power prices for giant energy shoppers by enabling larger management over once they draw electrical energy from their native utility grid. Electrical energy charges differ primarily based on when and the way distinctive energy sources are used, and power saved in Exro’s Cell Driver™ can be utilized to energy EV charging stations and C&I services when charges are greater to maintain power prices low.

About Exro Applied sciences Inc.

Exro Applied sciences Inc. is a number one clear expertise firm that has developed new era energy management electronics that change how the world optimizes power by increasing the capabilities of electrical motors and batteries. The corporate’s revolutionary applied sciences serve to bridge the performance-cost hole in e-mobility (Coil Driver™) and stationary power storage (Cell Driver™), and act to speed up adoption in direction of a round electrified financial system by delivering extra with much less – minimal power for max outcomes.

For extra info go to our web site at www.exro.com.

To view our Company Presentation go to us at www.exro.com/buyers

Go to us on social media @exrotech.

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SOURCE Exro Applied sciences Inc.

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