October 5, 2022 EXRO signs product development agreement with global market leader for off-highway application of hybrid electric powertrain - Hybrid diesel-electric application
- A global leader in the design, manufacture, and distribution of solutions in an off-highway sector
- NDA company is forecast to generate multi-billion dollars in sales in 2022
- Create a hybrid diesel-electric powertrain with applications across a platform of products
- EXRO received a purchase order for product development that includes the supply of multiple initial sample units to be delivered to the customer by the end of Q1 2023
- Off-highway examples: agriculture, construction, mining, etc.
- Eric H: “The Coil Driver is perfect for this type of application, easily providing the high torque required for starting diesel engines without sacrificing motoring and generating capability once the engine is running.”
- “It is anticipated that the development agreement would transition into an agreement to supply the NDA partner with series production products beginning in 2024.”
- “The conditional agreement is highlighted by projections of 8,000-10,000+ units annually”
Nov 10, 2022 Interim MD&A (3Q2022) - …Incorporating Exro’s proprietary Coil Driver inverter for a new 48V hybrid diesel-electric powertrain
- March 30, 2023 Annual MD&A (2022YE)
- March 30, 2023 News Release regarding Annual report (2022YE)
- May 10, 2023 Interim MD&A (1Q2023)
May 10, 2023 News Release: quarterly results and ‘Scorecard’ update - Of note, this project includes two NDAs under one umbrella partnership
- One is a large European OEM which supplies vehicles for off-highway applications
- The second is a large European-based motor supplier
- NDA partner timing has bumped sample delivery into Q2 2023
- All parties scheduled to be in Calgary in May to collaborate commercialization efforts and witness final testing
- Of note, this project includes two NDAs under one umbrella partnership
- June 22, 2023 News Release: Operational update
- August 10, 2023 Interim MD&A (2Q2023)
- August 10, 2023 News Release regarding Annual report (2Q2023)
October 26, 2023 News Release: Shareholder Letter - In Q3 2023, our team successfully completed phase 1 testing of an Exro powered hybrid-diesel engine powertrain with our NDA partner in Europe for an off-highway application. Pleased with the results, we are hosting the NDA partner in Calgary in the coming weeks for an audit and discussions on next steps in the partnership.
- November 9, 2023 Interim MD&A (3Q2023)
December 20, 2023 Year-End Shareholder letter - Following the customer audit on-site at Exro’s Calgary facilities in November, the Exro team completed successful bench testing with our off-highway NDA partner in Europe on site this month in Europe, marking an important milestone for our relationship. With that, we now enter commercial discussions for units and systems with negotiations that involve the lifting of our NDA in early 2024.
- April 1, 2024 Annual Information Form
- April 1, 2024 Annual MD&A 2023YE
- April 1, 2024 News release: Annual filing 2023YE
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