- Exro named Rod Copes, recently
retired Chief Operating Officer at Rivian, to its advisory
board.
- A graduate of the Massachusetts Institute
of Technology and former senior executive with Harley-Davidson, Royal
Enfield, and Rivian, Copes brings deep technical knowledge
and vast mobility industry experience to Exro's advisory
board.
- Copes' broad general management experience will provide
strategic direction as Exro shifts from development to
commercialization.
CALGARY, AB,
March 23, 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 it has
appointed recently retired Rivian Chief Operating Officer
Rod Copes to its advisory board.
Copes' vast knowledge of the electric mobility industry combined
with his versatile and broad-based general management experience
will be instrumental in providing direction as Exro shifts into its
commercialization phase.
A graduate of the Massachusetts Institute
of Technology with a Master's in Mechanical Engineering and
an MBA, Copes brings to Exro deep technical expertise and extensive
knowledge of the mobility industry. He spent 19 years at
Harley-Davidson in several commercial and operations
executive positions and served as Royal
Enfield's North American division president. Copes has
a proven track record for differentiating brand portfolios and
commercializing mobility businesses in national and global markets.
More recently, Copes served as Chief Operating Officer for American
electric vehicle ("EV") automaker Rivian, growing the team from a
few hundred to thousands of employees globally leading up to the
company's listing on the Nasdaq. Copes is a passionate entrepreneur
and has a special interest in lending his well-informed industry
acumen to new ventures and emerging start-ups.
As an advisor to Exro's management team, Copes will provide
strategic operational guidance and champion the Company's interests
as it continues to design, build, and manufacture its patented
intelligent control technology for the mobility marketplace.
"I'm excited to join Exro's advisory board during such an
exciting moment in the Company's development," stated Copes. "I am
enthusiastic about Exro's technology and its potential to help EV
companies achieve their desired costs and performance requirements.
It is a very dynamic time in the EV industry and Exro is well
positioned to have a significant impact."
"On behalf of the entire Exro team, we're thrilled to welcome
Rod to our advisory board," said Exro CEO Sue Ozdemir. "This year is pivotal for Exro as
we execute diligently on our goals, foster new and existing
commercial partnerships and ramp up production and product
development from our North American facilities to deliver
next-generation power electronics to the electric mobility market.
It is exciting that Rod both shares our vision for Exro's potential
and brings extensive industry experience to help us expand
strategically worldwide."
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/former-rivian-chief-operating-officer-joins-exro-technologies-advisory-board-brings-strategic-knowledge-from-global-mobility-industry-to-commercialize-brand-301508736.html
SOURCE Exro Technologies Inc.