- Exro is pleased to welcome Darrell
Bishop as President, Finance and Investor Relations.
- Bishop brings extensive capital markets experience to the role,
building his career in equity research and investment banking roles
with major banks and industry-leading independent investment
firms.
- As part of the executive team in his role as President, Finance
& Investor Relations, Bishop will lead Exro's finance and
capital markets strategy, ensuring strategies are appropriately
aligned with investors, regulators, analysts, and all external and
internal stakeholders.
CALGARY, AB, Feb. 17, 2022 /PRNewswire/ - Exro Technologies
Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a
leading clean technology company that has developed a new class of
power electronics for electric motors and batteries, announced
today that Darrell Bishop, a proven
industry leader with extensive capital markets experience, joins
the Exro team as President, Finance and Investor Relations. Bishop
will be based of Exro's U.S. headquarters in Mesa, Arizona, but will equally split his time
between the Company's Mesa,
Arizona and Calgary,
Alberta facilities.
Bishop is a seasoned investment industry professional with
extensive experience in generating business results and leading
teams, and brings strong financial and shareholder relations acumen
to the Company. Bishop's early career consisted of technical
engineering, and corporate development roles, prior to
transitioning to capital markets. Since 2010, Bishop has held
diverse roles with increasing responsibility in corporate finance
and investor engagement, including: Head of Equity Research,
Managing Director of Investment Banking, and Board Director at
industry-leading independent investment firms.
In his role at Exro as President, Finance and Investor
Relations, Bishop will lead the Company's finance and capital
markets strategy, with the goals of broadening and enhancing
shareholder value through a best-in-class shareholder engagement
program. In addition to ensuring these strategies are appropriately
positioned across all stakeholders, Bishop will also manage Exro's
financial affairs, building a capital formation strategy to enhance
production.
"With growing global demand for more sustainable low-carbon
energy solutions, Exro's technology and culture of innovation
positions the Company to become a leader in electric mobility and
energy storage markets," said Bishop. "I am excited to join Exro as
the company enters an exciting phase in its business growth with
the team driving towards commercialization and product deployment.
I look forward to leading the finance and capital markets
strategies as our team executes on key operational milestones which
hold the potential to unlock significant value for Exro
shareholders."
"Exro is deeply committed to its shareholders and delivering on
our promises, and the addition of this role reinforces our ability
to deliver value to shareholders," said Exro CEO Sue Ozdemir. "We are thrilled to welcome Darrell
to the Exro team. His comprehensive industry experience and capital
markets background enable Darrell to look to the future with
optimism and envision what is possible for Exro and its
stakeholders."
Bishop holds a Bachelor's Degree in Mechanical Engineering from
Memorial University, and a Master of
Business Administration in finance from the University of Calgary.
About Exro Technologies Inc.
Exro is a clean technology company pioneering intelligent
control solutions in power electronics to help solve the most
challenging problems in electrification. Exro has developed a new
class of control technology that expands the capabilities of
electric motors, generators, and batteries. Exro enables the
application to achieve more with less energy consumed.
Exro's advanced motor control technology, the Coil
DriverTM, expands the capabilities of electric
powertrains by enabling intelligent optimization for efficient
energy consumption. Exro is working with many partners from all
over the world to bring their technology to the electric mobility
industries and beyond.
For more information visit our website at www.exro.com.
Visit us on social media @exrotech.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
STATEMENTS
This news release contains forward-looking
statements and forward-looking information (together,
"forward-looking statements") within the meaning of applicable
securities laws. All statements, other than statements of
historical facts, are forward-looking statements. Generally,
forward-looking statements can be identified by the use of
terminology such as "plans", "expects", "estimates", "intends",
"anticipates", "believes" or variations of such words, or
statements that certain actions, events or results "may", "could",
"would", "might", "will be taken", "occur" or "be achieved".
Forward looking statements involve risks, uncertainties and other
factors disclosed under the heading "Risk Factors" and elsewhere in
the Company's filings with Canadian securities regulators, that
could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Although the Company believes
that the assumptions and factors used in preparing these
forward-looking statements are reasonable based upon the
information currently available to management as of the date
hereof, actual results and developments may differ materially from
those contemplated by these statements. Readers are therefore
cautioned not to place undue reliance on these statements, which
only apply as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed times
frames or at all. Except where required by applicable law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise.
This information is qualified in its entirety by cautionary
statements and risk factor disclosure contained in filings made by
the Company with the Canadian securities regulators, including the
Company's annual information form for the financial year ended
December 31, 2020, and financial
statements and related MD&A for the financial year ended
December 31, 2020, filed with the
securities regulatory authorities in certain provinces of
Canada and available at
www.sedar.com. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although the Company has attempted
to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended. The
Company does not intend, and does not assume any obligation, to
update this forward-looking information except as otherwise
required by applicable law.
Neither the Toronto Stock Exchange nor the Investment Industry
Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this press
release.
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SOURCE Exro Technologies Inc.