- Exro has received conditional approval to list its common
shares on the Toronto Stock Exchange under the same trading symbol
"EXRO"
CALGARY, AB, June 18, 2021 /CNW/ - Exro Technologies Inc.
(TSXV: 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 is pleased to
announce that it has received conditional approval to list its
common shares on the Toronto Stock Exchange (the "TSX") under the
same trading symbol "EXRO".
Final approval of the listing is subject to the Company meeting
certain customary conditions of the TSX. Upon final approval, Exro
intends to issue a news release confirming the date upon which its
common shares will commence trading on the TSX, which is
anticipated to occur prior to the end of July. At that time, Exro's
common shares and warrants will be concurrently delisted from the
TSXV.
"We've made huge strides in the last 12 months on our path to
bringing our Coil Driver to next generation electric vehicles and
graduating to the TSX is another important breakthrough for us,"
said Sue Ozdemir, Chief Executive
Officer of Exro. "We have seen continued growth of engagement for
our technologies so far in 2021 and are looking forward to expand
the reach of our engagement further for all of our current and
future shareholders."
About Exro Technologies Inc.
Exro is a clean technology company pioneering intelligent
control solutions in power electronics to help solve the most
challenging problems in electrification. Exro has developed a new
class of control technology that expands the capabilities of
electric motors, generators, and batteries. Exro enables the
application to achieve more with less energy consumed.
Exro's advanced motor control technology, the Coil
DriverTM, expands the capabilities of electric
powertrains by enabling intelligent optimization for efficient
energy consumption. Exro is working with many partners from all
over the world to bring their technology to the electric mobility
industries and beyond.
For more information visit our website at www.exro.com.
Visit us on social media @exrotech.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
STATEMENTS
This news release contains forward-looking statements and
forward-looking information (together, "forward-looking
statements") within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as "plans",
"expects", "estimates", "intends", "anticipates", "believes" or
variations of such words, or statements that certain actions,
events or results "may", "could", "would", "might", "will be
taken", "occur" or "be achieved". Forward looking statements
involve risks, uncertainties and other factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's filings with
Canadian securities regulators, that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Although the Company believes that the assumptions and factors used
in preparing these forward-looking statements are reasonable based
upon the information currently available to management as of the
date hereof, actual results and developments may differ materially
from those contemplated by these statements. Readers are therefore
cautioned not to place undue reliance on these statements, which
only apply as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed times
frames or at all. Except where required by applicable law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Exro Technologies Inc.