Brief: Exro Announces Strategic Development Agreement With Linamar Corporation

Exro Technologies

17/06/2021 13:00

June 17 (Reuters) - Exro Technologies Inc  EXRO.V :
    * EXRO - ANNOUNCED A STRATEGIC DEVELOPMENT AGREEMENT WITH
LINAMAR
CORPORATION
    * EXRO - CO, LINAMAR AGREED TO DEVELOP ADVANCED EAXLE
UTILIZING
COIL DRIVER TECHNOLOGY TO IMPROVE COST, PERFORMANCE OF LINAMAR’S
EAXLE PRODUCT LINE
    * EXRO - IN INITIAL PHASE, CO TO SUPPLY COIL DRIVER
DEVELOPMENT
SAMPLES & OPTIMIZED ELECTRIC MOTORS FOR INTEGRATION IN EAXLE
PROGRAM TESTING
    * EXRO - COMPLETED TESTING AND VALIDATION OF PROTOTYPES IS
PLANNED
FOR SECOND QUARTER OF 2022
    * EXRO - LINAMAR WILL SUPPLY, INTEGRATE REMAINING CRITICAL
ELEMENTS OF EAXLE SYSTEM FOR LAB AND ON-ROAD TESTING

Further company coverage:  EXRO.V 

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