- Exro has partnered with Untitled Motorcycles to integrate its
100 Volt Coil Driver technology into the award-winning XP Zero
electric motorcycle.
- Tests show Exro's technology can provide a 25 percent increase
in power and 15 percent increase in torque, boosting the modified
XP Zero motorcycle to 162ftlb torque.
- Shareholders and the public are invited to view the XP Zero
motorcycle, at CES booth 6019 from January
5-8, 2022.
CALGARY, AB, Dec. 30, 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 initiated a partnership with Untitled Motorcycles
to demonstrate the advantages of Exro's patented Coil Driver
technology in Untitled Motorcycles' award-winning XP Zero electric
motorcycle.
In entering this partnership, the two companies will collaborate
to integrate Exro's 100 Volt Coil Driver technology into limited
edition XP Zero electric motorcycles. Exro will provide technology
and integration support, while leveraging Untitled Motorcycles'
world-class design and development expertise.
"The XP represents a vision of the future of motorcycling,
unrestrained by the legacy of a soon-obsolete technology, making it
a natural fit for Exro's technology," said Hugo Eccles, founder and design director of
Untitled Motorcycles. "We've been working on a race version of the
XP and, with Exro, we have a technology partner that can help us
take things to the next level."
Tests show a 25 percent and 15 percent bump in power and torque
respectively. The XP Zero already accelerates 0-60 mph in 3.7
seconds—faster than a Ferrari F50 or McLaren F1 LM —and currently
produces an impressive 140ftlb of torque, which is almost twice
that of a Ducati Panigale V4R. The modified XP Zero fleet will be
boosted to an incredible 162ftlb. "To put it in context, that's the
same torque as a Lotus Exige S, but in a vehicle that's 1,600lbs
lighter," said Eccles.
"We are excited to partner with Untitled Motorcycles and expand
our work in the electric motorcycle market," said Sue Ozdemir, CEO of Exro. "The XP Zero is
extraordinary in how it looks and performs, and our Coil Driver
technology will elevate the XP's performance even further. This was
a huge year for electric motorcycle launches and we're proud to
contribute to the progress in the sector."
The public is invited to an unveiling of the XP Zero motorcycle,
with Exro's Coil Driver technology inside at the CES show in Las
Vegas. Stop by Exro's booth number 6019 between January 5 and 8, 2022, for a first look
at the new electric motorcycle.
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.
About Untitled Motorcycles
Untitled Motorcycles (UMC)
is an Anglo-American company, based in San Francisco and London, that designs and develops motorcycles
in partnership with marque brands like GQ, Ducati, Triumph, Yamaha,
Zero, and Harley-Davidson.
Untitled Motorcycles' work has been featured extensively in
print and online media including an episode of CNBC's
Jay Leno's Garage. The XP
Zero will feature in an upcoming Paramount Pictures movie set for
release in mid-2022.
About the XP Zero Motorcycle
The XP Zero is a new
type of electric motorcycle, one that discards conventions and
defies expectations. Developed without compromise and built with
precision, the XP combines cutting-edge design with
state-of-the-art technology, representing a new era of
motorcycling.
The XP Zero doesn't look like a conventional motorcycle because
it isn't a conventional motorcycle. The XP produces twice the
torque of a superbike, and accelerates faster than a supercar. The
onboard ride computer offers fourteen user-customized performance
profiles, switchable on-the-fly, that transform the XP from a
cruiser on the highway, to a cafe racer in the canyons.
Contact/Orders:
|
hello@untitledmotorcycles.com
|
More info:
|
https://www.untitledmotorcycles.com/umc063-zero-xp-experimental
|
Web:
|
https://www.untitledmotorcycles.com/
|
Facebook:
|
https://www.facebook.com/untitled.motorcycles
|
Twitter:
|
https://twitter.com/untitledm
|
Instagram:
|
https://www.instagram.com/untitledmotorcycles/
|
Tags:
|
@untitledmotorcycles
#XPZero
|
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
STATEMENTS
This news release contains forward-looking
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"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
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can be given that such events will occur in the disclosed times
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information, future events or otherwise.
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
securities 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.