- Exro opens doors for employees to its 37,000 square foot
Canadian manufacturing facility in Calgary, Alberta.
- Exro's new facility in Canada
will be equipped with automotive quality production lines, product
showrooms, and collaborative office space, and can produce up to
100,000 units of Coil Driver annually for use across the Company's
product lines.
- Opening of Exro's Canadian manufacturing facility rounds out a
year of expansion and job creation, it follows announcements of
Exro's U.S. headquarters in Mesa,
Arizona and Vehicle Systems Division in Detroit, Michigan.
CALGARY, AB, Dec. 9, 2021 /CNW/ - Exro Technologies Inc.
(TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a
leading clean technology company that has developed a new class of
power electronics for electric motors and batteries, announced
today that it has officially opened the doors for employees to its
manufacturing facility (the "facility" or "new facility") in
Calgary, Alberta. Exro's
37,000 square foot Canadian facility will feature automotive-grade
production lines, product showrooms, and collaborative office space
for the Company's growing team of 50+ Calgary-based employees.
![Exro Logo (CNW Group/Exro Technologies Inc.) Exro Logo (CNW Group/Exro Technologies Inc.)](https://mma.prnewswire.com/media/1706102/exro_logomark_azure_202108.jpg)
Exro's Canadian facility will be compliant with automotive grade
manufacturing standards ISO 9001:2015 and IATF 16949, as well as
ISO 26262 for functional safety. The facility can support
low-volume manufacturing and deliver approximately 100,000 Coil
Driver units per year for use across a wide range of electric
mobility applications from two-wheel recreational to passenger
vehicles and even up to commercial and industrial vehicle
applications. The facility will also manufacture the Battery
Control System for energy storage applications.
The facility will be managed by Simon
Strawbridge, Exro's Vice President of Manufacturing. Having
relocated from the U.K. to Calgary,
Alberta, Strawbridge brings over 18 years of success in
leading manufacturing operations within the automotive industry.
With a proven track record of manufacturing automotive inverters
and managing all aspects of development programs, manufacturing
planning, process improvements, and quality control, Strawbridge
will focus on delivering a state-of-the-art, world-class
manufacturing facility at Exro. He will oversee the completion of
the facility, employing best production practices that improve
efficiencies, reduce operational costs, and increase
productivity.
To meet automakers' staunch Environmental, Social and Governance
("ESG") supply chain expectations, Exro's facility in Calgary will run on clean energy solutions
including solar power with a rooftop array containing 576 solar
modules, producing 425W each for a total nameplate rating of
244.8kW and battery energy storage solutions working towards its
net-zero carbon emissions objectives. As provinces across
Canada capture a larger share of
the market for EVs and their associated technologies, running the
facility on clean energy supports Exro's efforts to bring new clean
technology jobs to Calgary in
fields including engineering, operations, supply chain, and
more.
Exro's existing facility in Calgary will be serve as the core innovation
centre for continued research and development, design and testing,
and piloting prototypes across all of the Company's product
lines.
"In 18 months, our team has grown from a single research and
development center with just 5 employees in Canada to establish a formidable presence
across North America, having
opened the doors to our U.S. headquarters in Phoenix, Arizona last month, and now our
Canadian manufacturing facility in Calgary, Alberta," said Sue Ozdemir, CEO of Exro. "This new facility,
which will house our 50 and counting group of employees, represents
our commitment to providing high quality products and ensures a
culture of sustainable business practices."
¹ ISO 9001:2015
specifies requirements for demonstrating the ability to
consistently provide products and services that meet regulatory
requirements and aims to enhance customer
satisfaction.
|
² IATF 16949 is
the global automotive industry standard for quality management
systems.
|
³ ISO 26262
addresses safety-related systems that include one or more
electrical systems that are installed in series production
passenger cars.
|
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.
Exro's advanced motor control technology, the Coil
DriverTM, expands the capabilities of electric
powertrains by enabling intelligent optimization for efficient
energy consumption. Exro is working with many partners from all
over the world to bring their technology to the electric mobility
industries and beyond.
For more information visit our website at www.exro.com.
Visit us on social media @exrotech.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
STATEMENTS
This news release contains forward-looking statements and
forward-looking information (together, "forward-looking
statements") within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as "plans",
"expects", "estimates", "intends", "anticipates", "believes" or
variations of such words, or statements that certain actions,
events or results "may", "could", "would", "might", "will be
taken", "occur" or "be achieved". Forward looking statements
involve risks, uncertainties and other factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's filings with
Canadian securities regulators, that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Although the Company believes that the assumptions and factors used
in preparing these forward-looking statements are reasonable based
upon the information currently available to management as of 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
only apply as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed times
frames or at all. Except where 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.
In particular, this news release contains forward-looking
statements pertaining to the following:
- Exro's business plans, outlook, and strategy; and
- Exro's expectation with respect to its future production.
Some of the risks which could affect future results and could
cause results to differ materially from those expressed in the
forward-looking information and statements contained herein include
the risk factors set out in Exro's annual information form and
include, but not limited to:
- Delays in opening the facility and automotive certified
production; and
- Market demand and sales orders may not reach the production
level up to 100,000 units per year for a foreseeable future.
This information is qualified in its entirety by cautionary
statements and risk factor disclosure contained in filings made by
the Company with the Canadian securities regulators, including the
Company's annual information form for the financial year ended
December 31, 2020, and financial
statements and related MD&A for the financial year ended
December 31, 2020, filed with the
security regulatory authorities in certain provinces of
Canada and available at
www.sedar.com. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated,
believed, estimated, or expected. Although the Company has
attempted to identify important risks, uncertainties and factors
which could cause actual results to differ materially, there may be
others that cause results not to be as anticipated, estimated or
intended. The Company does not intend, and does not assume any
obligation, to update this forward-looking information except as
otherwise required by applicable law.
Neither the Toronto Stock Exchange nor the Investment Industry
Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this press
release.
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SOURCE Exro Technologies Inc.