NetworkNewsBreaks – Exro Technologies Inc.’s (
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Posted On: 09/27/2022 5:06:57 PM
NetworkNewsBreaks – Exro Technologies Inc.’s (TSX: EXRO) (OTCQB: EXROF) Cell Driver(TM) ESS Completes 1st Major Phase Toward UL Product Certification
Exro Technologies (TSX: EXRO) (OTCQB: EXROF) is a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries. The company today announced that its Cell Driver(TM) Energy Storage System (“ESS”) has successfully completed large-scale module fire testing and the first major phase towards product certification from Underwriters Laboratories (“UL”). “We are absolutely thrilled with the performance of our energy storage system during this important first phase of UL testing, which is widely regarded as the most demanding of the certification requirements,” said Chief Executive Officer Sue Ozdemir. “As the world pushes forward with the electrification transition, Exro’s Cell Driver technology is proving to be a superior and cost-effective product offering that addresses major industry challenges in energy storage from safety, complexity of design, reliability and having a positive impact on the circular economy given a focus on repurposing used EV batteries for a second life in stationary storage. With Global Energy Storage Market Reports forecasting energy storage to be an approximately $100 billion market by 2030, we are looking forward to providing additional visibility into our progress towards commercialization over the coming months, as we work to capture market share in the under-serviced commercial and industrial sectors.”
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: EXRO) (OTCQB: EXROF) is a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries. The company today announced that its Cell Driver(TM) Energy Storage System (“ESS”) has successfully completed large-scale module fire testing and the first major phase towards product certification from Underwriters Laboratories (“UL”). “We are absolutely thrilled with the performance of our energy storage system during this important first phase of UL testing, which is widely regarded as the most demanding of the certification requirements,” said Chief Executive Officer Sue Ozdemir. “As the world pushes forward with the electrification transition, Exro’s Cell Driver technology is proving to be a superior and cost-effective product offering that addresses major industry challenges in energy storage from safety, complexity of design, reliability and having a positive impact on the circular economy given a focus on repurposing used EV batteries for a second life in stationary storage. With Global Energy Storage Market Reports forecasting energy storage to be an approximately $100 billion market by 2030, we are looking forward to providing additional visibility into our progress towards commercialization over the coming months, as we work to capture market share in the under-serviced commercial and industrial sectors.”
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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