Exro Announces U.S. Central command in Mesa, Arizona and Joins Robust E-Mobility R&D Ecosystem in the Greater Phoenix Area

Exro Announces U.S. Central command in Mesa, Arizona and Joins Robust E-Mobility R&D Ecosystem in the Greater Phoenix Area

CALGARY, AB, July 27, 2021/PRNewswire/ – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the “Organization” or “Exro”), a main clean innovation organization that has fostered another class of force gadgets for electric engines and batteries, today declared the area of its U.S. central command in Mesa, Arizona. Exro plans to recruit 50 workers throughout the following year and a half, carrying new position freedoms to the district and growing the neighborhood e-versatility biological system. This news goes ahead the impact points of Exro’s graduation to the Toronto Stock Exchange and shows the Company’s proceeded with development and energy.

From its 15,000 square foot area in Mesa, Arizona, Exro will grow its exploration, improvement, and testing to streamline power inside electric vehicles (EVs) everything being equal, from bikes and e-bicycles to electric vehicles and transports. The office will be multipurpose and advance an environment of innovativeness and development to draw in clients, investors, and future ability to encounter the organization’s high level engine control innovation, Coil Driver™, direct and to comprehend the item’s capacity to advance expense situating and execution in electric engines. From this area, Exro will keep creating and start directing its high level battery control innovation.

Arizona’s long-standing car R&D foundation empowers direct admittance to practically every piece of the auto inventory network and the state’s ideal administrative climate will speed up Exro’s main goal to convey Coil Driver™ innovation to showcase. Arizona is a main state for state of the art innovative work in portability innovation, and its somewhat quiet breezes and wide temperature range considers seriously testing time on streets. Exro will use the state’s ideal test areas, position as a public forerunner in EV fabricating and cutthroat ability pipeline of nearly 120,000 specialists to grow its tasks and item contributions.

“The Greater Phoenix region was a characteristic decision for our U.S. home, and we’re excited to turn into a piece of the imaginative business local area,” said Sue Ozdemir, CEO of Exro Technologies. “The district is ready with potential assembling accomplices and providers, and its serious ability pipeline will uphold our proceeded with development. Chairman Giles and the city of Mesa have invited our vision and we anticipate expanding on the city’s excitement for electric vehicles. We’re eager to welcome clients and investors to visit us and see our innovation at work!”

“Exro Technologies settled on a phenomenal choice in deciding to find its U.S. central command in the Mesa Gateway region,” said Mesa Mayor John Giles. “The organization’s main goal to improve and build the reception of electric vehicles is in accordance with our city’s objectives to accomplish carbon nonpartisanship by 2050 and oversee electric materials capably.”

“Exro is accomplishing notable work and is the sort of innovation organization that impels our development focused economy while supporting the locale’s electric vehicle biological system,” said Chris Camacho, president and CEO of the Greater Phoenix Economic Council. “We’re eager to see another Canadian innovation firm spot interest in Mesa and anticipate being an accomplice in their proceeded with development and achievement.”

About Exro Technologies Inc.

Exro is a spotless innovation organization spearheading smart control arrangements in power hardware to assist with taking care of the most difficult issues in jolt. Exro has fostered another class of control innovation that extends the capacities of electric engines, generators, and batteries. Exro empowers the application to accomplish more with less energy devoured.

Exro’s high level engine control innovation, the Coil DriverTM, extends the capacities of electric powertrains by empowering shrewd advancement for productive energy utilization. Exro is working with numerous accomplices from everywhere the world to carry their innovation to the electric portability ventures and past.

For more data visit our site at www.exro.com.

Visit us via online media @exrotech.

Preventative STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This news discharge contains forward-looking explanations and forward-looking data (together, “forward-looking articulations”) inside the significance of appropriate protections laws. All assertions, other than proclamations of verifiable realities, are forward-looking articulations. By and large, forward-looking explanations can be distinguished by the utilization of phrasing, for example, “plans”, “anticipates”, “gauges”, “means”, “expects”, “accepts” or varieties of such words, or articulations that specific activities, occasions or results “may”, “could”, “would”, “might”, “will be taken”, “happen” or “be accomplished”. Forward looking articulations imply dangers, vulnerabilities and different elements uncovered under the heading “Hazard Factors” and somewhere else in the Company’s filings with Canadian protections controllers, that could cause real outcomes, execution, possibilities and freedoms to contrast physically from those communicated or suggested by such forward-looking explanations. Albeit the Company accepts that the suspicions and components utilized in setting up these forward-looking explanations are sensible dependent on the data at present accessible to the executives as of the date concerning this, genuine outcomes and improvements might contrast tangibly from those examined by these assertions. Perusers are hence advised not to put excessive dependence on these proclamations, which just apply as of the date of this news discharge, and no confirmation can be given that such occasions will happen in the uncovered occasions outlines or by any means. But where needed by material law, the Company renounces any aim or commitment to refresh or change any forward-looking assertion, regardless of whether because of new data, future occasions or something else.

Specifically, this news discharge contains forward-looking articulations relating to the accompanying:

Exro’s field-tested strategies, viewpoint, and procedure; and

Exro’s assumption as for its future recruiting and R&D exercises.

This data is qualified completely by preventative explanations and hazard factor revelation contained in filings made by the Company with the Canadian protections controllers, including the Company’s yearly data structure for the monetary year finished December 31, 2020, and fiscal summaries and related MD&A for the monetary year finished December 31, 2020, documented with the protections administrative experts in specific territories of Canada and accessible at www.sedar.com. Should at least one of these dangers or vulnerabilities appear, or should suppositions hidden the forward-looking data demonstrate erroneous, real outcomes might fluctuate substantially from those portrayed thus as proposed, arranged, expected, accepted, assessed or anticipated. Albeit the Company has endeavored to recognize significant dangers, vulnerabilities and elements which could make real outcomes contrast physically, there might be others that cause results not to be as expected, assessed or proposed. The Company doesn’t mean, and doesn’t accept any commitment, to refresh this forward-looking data besides as in any case needed by relevant law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada acknowledges obligation regarding the sufficiency or exactness of this public statement.

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