Exro Technologies Inc.
Exro Technologies Inc. and Lithium Werks Announce Collaboration to Improve Lithium Battery Performance Under Variable Conditions
DGAP-News: Exro Technologies Inc. / Key word(s): Miscellaneous Vancouver, British Columbia–(Newsfile Corp. – June 5, 2018) – Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) (‘Exro’ or the ‘Company’) Energy management company Exro Technologies and battery and portable power solutions group Lithium Werks have agreed to collaborate to improve the way batteries are controlled under variable conditions. ‘We will combine our technologies to develop flexible battery voltage input and output solutions for applications ranging from large scale energy storage for the grid, to everyday consumer goods,’ said Mark Godsy, CEO of Exro Technologies.’ Exro’s software technology allows for constant monitoring and manipulation of energy inflows and outflows, at rates of up to 100k manipulations per second. The goal is total control of the flow of energy, in effect allowing better, more balanced storage of energy, especially under changing conditions, while also making battery banks of any size inherently electrically safe. Exro’s technology is also designed to make it possible to ’swarm’ batteries by getting them to work in concert with one another to better manage and load balance inflows and outflows of energy under varying conditions. Some of the benefits that can be realized with Exro and Lithium Werks combined technology include:
About Exro About Lithium Werks Lithium Werks is a fast-growing global lithium ion battery company with production facilities in China and offices in the USA, the Netherlands, Northern Ireland, Great Britain and Norway. Lithium Werks provides cells, modules, and battery management systems into markets such as material handling, stationary energy storage, medical, and commercial marine. For more information about Lithium Werks, go to www.lithiumwerks.com Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’ and similar expressions, as they relate to the Company or its management are intended to identify forward-looking statements. Such statements reflect the Company’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not assume any obligation to update these forward-looking statements, except as required by law. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release. ON BEHALF OF THE BOARD OF DIRECTORS Mark Godsy, Director & CEO INVESTOR CONTACT INFORMATION Lyle McLennan: 604 808 9221 Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/35032
05.06.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Exro Technologies Inc. |
Canada | |
ISIN: | CA30222R1091 |
End of News | DGAP News Service |