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Exro Technologies signs agreement with LAND Electric Motorcycles to produce up to 2000 units of its Coil Driver this year

Published: 09:30 04 Feb 2021 EST

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Exro will ship the first Coil Driver to LAND this February for vehicle integration and validation testing to be completed by second quarter of 2021

Exro Technologies Inc. (CVE:EXRO) (OTCMKTS:EXROF) announced that it has signed an agreement with LAND Electric Motorcycles to produce up to 2000 units of its Coil Driver this year.

LAND (E-Moto) is an innovative electric motorcycle manufacturer based in Cleveland, Ohio, USA, that produces a US-made, powerful, lightweight electric motorcycle called the District which showcases innovative vehicle design and craftsmanship for an enhanced riding experience. LAND was founded by industry veteran Scott Colosimo, who also founded Cleveland CycleWerks, which has been manufacturing gas motorcycles for more than 11 years.

READ: Exro Technologies wraps up in-house testing of EV Coil Driver, will ship to collaborator Potencia on Friday

The company and LAND have agreed to cooperate to optimize the powertrain for the District motorcycle with the Coil Driver. This integration is expected to improve performance for the District motorcycle and enable a new powertrain system solution in the emerging lightweight electric motorcycles industry.

Exro will ship the first Coil Driver to LAND this February for vehicle integration and validation testing to be completed by second quarter of 2021. After vehicle integration is completed, Land will begin purchasing the Coil Driver for their motorcycles.

"We are thrilled to be working with Exro", said Scott Colosimo, chief executive officer of LAND in a statement. "We believe integrating Exro's Coil Driver technology with our product will allow LAND to achieve best-in-class performance and efficiency."

"We are so glad to be collaborating with LAND to optimize their motorcycle's powertrain", added Sue Ozdemir, chief executive officer of Exro. "This collaboration takes us another step closer to revenue growth and commercialization of our Coil Driver technology."

Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. It 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.

The company's advanced motor control technology, the Coil Driver, expands the capabilities of powertrains by enabling two separate torque profiles within a given motor. A major advancement in the sector, dynamic motor configuration enables efficiency optimization for each operating mode resulting in reduction of energy consumption. The controller automatically selects the appropriate configuration in real-time so that power and efficiency are intelligently optimized.

Contact the author at jon.hopkins@proactiveinvestors.com

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