Exro soars on battery storage system order, EV inverter purchase deal

Exro Technologies

20/11/2023 16:21

** Electric motor-focused clean tech firm Exro's shares
 EXRO.TO  rise 10.88% to C$1.63
    ** Co, along with partner Inferno Solar, announces first
order for its battery storage system 
        ** Says Red Deer Polytechnic has agreed to purchase
Exro's battery storage system with installation planned for Q1
2024
  
    ** Exro also lifts nondisclosure agreement (NDA) with
partner Brazilian firm Giaffone Energy 
    ** Announces purchase order commitments for Exro's 800 Volt
Coil Driver System to be integrated into Giaffone EVs with
initial deliveries beginning in Q4 2023
    ** Including session's gains, stock has fallen 22.38% YTD

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))