Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed new-generation power control electronics which expand the capabilities of electric motors and batteries, has entered an agreement with Greentech Renewables. The two companies will partner to bring energy-storage systems to commercial building owners. As outlined in the agreement, Greentech, which is one of the largest distributors of renewable energy products in the United States, will include Exro’s proprietary Cell Driver(TM) Energy Storage System in its extensive sales channel for solar- and EV-charging applications. Exro noted that the nonexclusive partnership will strengthen its presence in the market and that its Cell Driver will occupy a “central role” in Greentech’s portfolio. The storage solution that the two companies will be offering supports the country’s clean-energy initiatives; sets a new standard for quality, reliability, and affordability; and encourages adoption to a sustainable electrified world in transportation and energy storage. “We are thrilled to welcome Greentech as our first U.S. partner as we build a network of leading integrators and customers that will support taking Cell Driver to market in the multibillion dollar commercial and industrial space,” said Exro CEO Sue Ozdemir in the press release. “As one of the largest solar-solutions providers in the U.S., Greentech is a highly reputable partner through which our Cell Driver can be marketed, sold, distributed and serviced. Partnering allows Exro the operational and financial flexibility to focus on its core products. For our shareholders, the partnership provides visibility on one of the near-term pathways to revenue for our differentiated product offering in the underserviced commercial and industrial sector in one of the largest solar markets in the world — the sun belt of the southwestern United States.”
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About Exro Technologies Inc.
Exro Technologies is a leading clean-technology company that has developed new-generation power control electronics that change how the world optimizes energy by expanding the capabilities of electric motors and batteries. The company’s innovative technologies serve to bridge the performance-cost gap in e-mobility (Coil Driver) and stationary energy storage (Cell Driver), and act to accelerate adoption toward a circular electrified economy by delivering more with less — minimum energy for maximum results. For more information about the company, please visit www.Exro.com.
NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF
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