Exro Signs Multiyear Agreement with evTS and Announces Initial Purchase Order for 1,000 Coil Drive Systems Starting in 2023

  • evTS signs purchase order with Exro for a first lot of 1,000 Coil Drive System units with initial deliveries beginning in 2023.
  • After months of development under NDA and integration into evTS Firefly vehicles, Exro will supply its 100V Coil Drive System.
  • After demonstrating the successful integration of the production Exro Coil Drive System, the technology will be deployed in evTS 2023 FireFly vehicles to increase range, efficiency and available torque.
  • evTS' innovative FireFly ESV, optimized with Exro's Coil Driver™ technology will make urban essential services and last-mile delivery applications more sustainable, cost-effective and efficient.
  • The deal is an expansion of Exro and evTS' partnership to repurpose batteries from evTS vehicles for reuse in second-life energy storage applications, demonstrating Exro's ability to solve multiple challenges for customers on the path to electrification.

CALGARY, AB, May 11, 2022 /PRNewswire/ - 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 signed an agreement with ev Transportation Services, Inc. ("evTS"), a Boston-based specialty electric vehicle manufacturer, to supply an initial quantity of 1,000 units of its 100V Coil Drive System beginning in 2023 for use in evTS model year 2023 FireFly vehicles.

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