NetworkNewsBreaks – Exro Technologies Inc. (TSX.
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Posted On: 10/07/2020 3:13:10 PM
NetworkNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Achieves ‘Amazing Breakthrough’ in Electric Bike Technology, Micro-Mobility Applications
Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, today announced that third-party testing has proven its patented Coil Driver technology dramatically improves performance of electric bikes. According to the update, Vancouver-based Motorino Electric, a manufacturer and distributor of electric bikes and motorcycles, completed field testing of Exro’s technology through 2020 against a standard electric bike. Testing found a more than 20% performance increase, and up to 50% in climbing conditions, of the Exro-enhanced electric bike. Exro will now start negotiations on a commercial product for 2021. “This is an amazing breakthrough not just in electric bike technology but also for micro-mobility applications,” Exro CEO Sue Ozdemir said in the news release. “We couldn’t be more excited. This changes the model for enhancing the performance of electric bikes and other micro-mobility applications to ensure we get more from the energy we put into batteries. I’m looking forward to moving into product commercialization for next year.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, today announced that third-party testing has proven its patented Coil Driver technology dramatically improves performance of electric bikes. According to the update, Vancouver-based Motorino Electric, a manufacturer and distributor of electric bikes and motorcycles, completed field testing of Exro’s technology through 2020 against a standard electric bike. Testing found a more than 20% performance increase, and up to 50% in climbing conditions, of the Exro-enhanced electric bike. Exro will now start negotiations on a commercial product for 2021. “This is an amazing breakthrough not just in electric bike technology but also for micro-mobility applications,” Exro CEO Sue Ozdemir said in the news release. “We couldn’t be more excited. This changes the model for enhancing the performance of electric bikes and other micro-mobility applications to ensure we get more from the energy we put into batteries. I’m looking forward to moving into product commercialization for next year.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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