Exro jumps on energy storage deal with Inferno Solar

Exro Technologies

28/09/2022 17:04

** Shares of clean technology firm Exro Technologies Inc
 EXRO.TO  up 13.5% at C$0.92
    ** Stock will log its best day in nearly seven months, if
gains hold
    ** Co secures a development-and-distribution deal with
Inferno Solar for energy storage
    ** Exro will be the sole supplier of storage to Inferno's
commercial and industrial customer base beginning as early as Q2
2023 with Inferno holding exclusive distribution rights in
Western Canada for five years
    ** Deal will begin with a product pilot in Q4
    ** EXRO shares up ~14% YTD
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))