Exro Technologies (TSX.V: XRO) (OTCQB: EXROF), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, has granted incentive stock options. The options are available to specific directors, officers, employees and consultants. Qualifying individuals can purchase a total of 2,618,000 shares in the capital of the company. The shares are available at $3.15 per share, with an expiration date of five years from the date of grant. All shares sold will be pursuant to the terms of the provided stock option plan. In addition, all options will be subject to vesting provisions, with shares that are issued upon exercise of an option subject to a hold period. That hold period is identified as four months and one day from the date of grant.
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About Exro Technologies Inc.
Exro is a clean tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor-control technology, Coil Driver, expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.
The limitations of traditional electric machines and power technology are becoming more evident. In increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors or implementing heavy mechanical-geared solutions. Exro offers a new solution for system optimization through implementation of technology that can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, and expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed. For more information, visit the company’s website at www.Exro.com.
NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://nnw.fm/EXROF
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