Linamar

Exro Technologies Announces Second Quarter 2023 Financial Results

Retrieved on: 
Friday, August 11, 2023
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CALGARY, AB, Aug. 10, 2023 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company which has developed a new generation power control electronics that expand the capabilities of electric motors and batteries, announced today its financial results for the quarter ended June 30, 2023.

Key Points: 
  • CALGARY, AB, Aug. 10, 2023 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company which has developed a new generation power control electronics that expand the capabilities of electric motors and batteries, announced today its financial results for the quarter ended June 30, 2023.
  • "The second quarter of 2023 demonstrated continued progress towards commercialization of our next generation technologies for electric vehicles and stationary energy storage", said Exro CEO Sue Ozdemir.
  • In Q1 2023, Exro announced signing a partnership with a global European-based tier-1 OEM automotive supplier.
  • In Q2 2023, Exro announced signing the world's third largest motor manufacturer, Wolong Electric Group, as a strategic partner.

CIRI Announces 2023 Annual General Meeting Voting Results

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Tuesday, June 20, 2023
Canadian Western Bank, CMA, Bombardier, CFA, Senior, TD, Marketing, Linamar, Alamos Gold, Chair of RTVE, TD Securities, Arthur Andersen, Human, Annual general meeting, Mining, Corporation, CPA, Resolute Forest Products, Transcontinental (company), ESG, CIRI, Chair, Management, Cryptocurrency

TORONTO, June 20, 2023 (GLOBE NEWSWIRE) -- The Canadian Investor Relations Institute (CIRI) is pleased to report that, at its Annual Meeting of Shareholders held on May 29, 2023, 13 nominees were elected as Directors.

Key Points: 
  • TORONTO, June 20, 2023 (GLOBE NEWSWIRE) -- The Canadian Investor Relations Institute (CIRI) is pleased to report that, at its Annual Meeting of Shareholders held on May 29, 2023, 13 nominees were elected as Directors.
  • Kevin Hallahan, CPA, CMA has led IR at Linamar Corporation since 2019 and is the Vice President, Marketing & Investor Relations.
  • Ms. McCaughey was presented with the Belle Mulligan Award for Leadership in Investor Relations by CIRI in 2014 and named CIRI Fellow in 2021.
  • This includes 10 years working in investor relations at Alamos Gold where he was appointed Vice President, Investor Relations in 2015 and Senior Vice President, Investor Relations since the start of 2023.

Exro Announces Closing of Bought Deal Financing Including Full Exercise of Over-Allotment Option

Retrieved on: 
Tuesday, May 23, 2023
Exercise, Indian stock exchange, DCA, Linamar, AB, Underwriting, Person, Sale, Offering, TSX, News, LNR, Security (finance)

CALGARY, AB, May 23, 2023 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), is pleased to announce that it has completed its previously announced bought deal financing, including the exercise in full of the Underwriters' (as defined below) over-allotment option, for a total of 15,525,000 common shares (the "Common Shares") sold at a price of C$2.25 per Common Share for aggregate gross proceeds to the Company of C$34,931,250 (the "Offering").

Key Points: 
  • CALGARY, AB, May 23, 2023 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), is pleased to announce that it has completed its previously announced bought deal financing, including the exercise in full of the Underwriters' (as defined below) over-allotment option, for a total of 15,525,000 common shares (the "Common Shares") sold at a price of C$2.25 per Common Share for aggregate gross proceeds to the Company of C$34,931,250 (the "Offering").
  • "We are very pleased to have successfully closed this financing in what we know is a challenging market backdrop for investors", said Exro CEO Sue Ozdemir.
  • "We appreciate the ongoing support of our largest shareholders and welcome a host of new institutional investors to Exro.
  • In consideration for the services provided by the Underwriters in connection with the Offering, on closing the Company paid to the Underwriters a cash commission equal to 6% of the gross proceeds raised under the Offering.

Exro Announces Definitive Commercialization Agreement with Linamar

Retrieved on: 
Monday, May 15, 2023
Maintenance, Partnership, Electronics, DCA, Class, AB, OTCQB, Public expenditure, Party, Elin, Coil, PCB, TSX, OEM, LNR, Rail transport, Linamar, Surroundings, Electrification

Approximately two years ago, Exro and Linamar established a goal to co-develop a next-generation eAxle utilizing Coil Driver™ technology.

Key Points: 
  • Approximately two years ago, Exro and Linamar established a goal to co-develop a next-generation eAxle utilizing Coil Driver™ technology.
  • Following successful continued testing of the samples by Linamar through the first half of 2023, the Parties have progressed to a definitive agreement intended to commercialize the co-developed eAxle into series production.
  • Linamar has been a great partner and we look forward to advancing this combined product to commercialization."
  • The agreement does not place exclusivity restrictions on Linamar, which will continue to work with other vendors and suppliers to meet its customers' application-specific requirements.

Exro Announces Definitive Commercialization Agreement with Linamar and C$30 Million Bought Deal Financing

Retrieved on: 
Monday, May 15, 2023
Maintenance, Partnership, Indian stock exchange, Toronto Stock Exchange, Electronics, DCA, Class, AB, Person, Sale, Public expenditure, Party, Elin, Coil, PCB, TSX, OEM, News, LNR, Security (finance), Life insurance, Linamar, Surroundings, Electrification

Approximately two years ago, Exro and Linamar established a goal to co-develop a next-generation eAxle utilizing Coil Driver™ technology.

Key Points: 
  • Approximately two years ago, Exro and Linamar established a goal to co-develop a next-generation eAxle utilizing Coil Driver™ technology.
  • In Q4 2022, Exro supplied 800V Coil Driver™ inverter samples designed for integration into Linamar's eAxle program.
  • "We are thrilled to achieve this next major milestone with Linamar", said Exro CEO Sue Ozdemir.
  • Linamar has been a great partner and we look forward to advancing this combined product to commercialization."

Linamar to Showcase its New Fully Electric Technology Demonstrator Truck and other EV Innovations at ACT Expo 2023

Retrieved on: 
Monday, May 1, 2023
Linda, ACT, EV, Agriculture, Original equipment manufacturer, Social media, Light, Multimedia, BEV, MacDon Industries Ltd., 4WD, Draper, Motion, Work, Elin, 2600-series (CTA), TSX, Mobility, McLaren, OEM, Flexform, LNR, Video game, Linamar, Aircraft hijacking, Electrification

"Linamar has an an extensive portfolio of products within its eLIN electification group that OEM customers can integrate into their new EV platforms.

Key Points: 
  • "Linamar has an an extensive portfolio of products within its eLIN electification group that OEM customers can integrate into their new EV platforms.
  • Now, we can showcase our technology fully integrated into a functioning EV demonstration truck.
  • "The truck will be on full display this week at ACT Expo, its an incredibly exciting project brought from concept to reality by our eLIN Product Solutions Group."
  • With the combined eAxles, the demonstrator truck creates 4WD capability delivering over 15,200 Nm of peak torque and 750 kW peak power.

Exro Technologies Announces Fourth Quarter 2022 Financial Results

Retrieved on: 
Friday, March 31, 2023
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CALGARY, AB, March 30, 2023 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries, is pleased to announce today its financial results for the year-ended December 31, 2022.

Key Points: 
  • CALGARY, AB, March 30, 2023 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed new generation power control electronics that expand the capabilities of electric motors and batteries, is pleased to announce today its financial results for the year-ended December 31, 2022.
  • On October 5, 2022, Exro announced the signing of a new product development agreement with a major global automotive equipment supplier.
  • In Q4 2022, Exro also announced the completion of phase one of its integrated e-axle program with Linamar Corporation by providing 800V Coil Driver™ samples.
  • Additionally, effective March 13, 2023, Exro announces the retirement of Mr. Frank Borowicz from the Company's Board of Directors.

Exro Announces Major Milestone with Linamar e-Axle Phase One Project Completion and Provides Operational Update

Retrieved on: 
Wednesday, November 30, 2022
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The project now transitions to the second and final phase which includes electric axle ("e-axle") integration, testing, and validation by Linamar.

Key Points: 
  • The project now transitions to the second and final phase which includes electric axle ("e-axle") integration, testing, and validation by Linamar.
  • "Phase one completion of our project with Linamar marks a major milestone for the project, and a significant corporate milestone for Exro", said Exro CEO, Sue Ozdemir.
  • We look forward to the next phase of the project and to an exciting future with a great partner."
  • Exro is pleased to report that the Company has completed phase one of the project marking a significant project, and corporate milestone.

Conference of Montreal: Minister of Innovation, Science and Industry François-Philippe Champagne, former Governor of the Bank of Canada and the Bank of England Mark Carney, and Linamar Corporation CEO Linda Hasenfratz among keynote speakers

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Tuesday, July 5, 2022
Zero, Linda, International Economic Forum of the Americas, Conference of Montreal, Bank, CEO, United Nations, Linamar, Research, Reconstruction, Bank of Spain, Rio Tinto Aluminium, IEFA, Climate change, Westin Bonaventure Hotel, Brookfield Asset Management, General Motors Canada, COVID-19, Asian Infrastructure Investment Bank, International financial institutions, Private sector, Premier of New Brunswick, Face, Toronto Global Forum, World, WHO, Transition, Woman, EBRD, World Health Organization, AIIB, Industry, Tata Power, BNDES, European Central Bank, Miami, General Motors, Program, ManpowerGroup, Conference, Minister for Trade, Tourism and Investment, Video game, Renewable energy, Management, Science, Investcorp

Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), and Praveer Sinha, Chairman and CEO of Tata Power, will also address the energy transition.

Key Points: 
  • Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), and Praveer Sinha, Chairman and CEO of Tata Power, will also address the energy transition.
  • Quebec Premier Franois Legault and Montreal Mayor Valrie Plante will also speak to launch the 28th edition of the Conference of Montreal.
  • The Conference also strives to facilitate meetings between world leaders in order to promote information sharing and international exchanges.
  • The Conference of Montreal is organized annually by the International Economic Forum of the Americas (IEFA), which also presents the Toronto Global Forum, the Miami World Strategic Forum, and the Conference of Paris.

Insights on the Telehandler Global Market to 2027 - by Product, Type, Ownership, Height, Capacity, Application and Region

Retrieved on: 
Wednesday, June 22, 2022
CAGR, Komatsu Limited, Linamar, Industry, Agriculture, COVID-19, Chelsea Handler, Building material, Volvo, JCB (company), Livestock, Terex, Ownership, Recycling, Oshkosh Corporation, Wacker Neuson, Lifting, Mining, Manitou Group, Caterpillar Inc., Movement, Urbanization, Haulotte Group, Renewable energy, Heavy equipment, Potash, Growth

The global telehandler market reached a value of US$ 6.2 billion in 2021.

Key Points: 
  • The global telehandler market reached a value of US$ 6.2 billion in 2021.
  • Looking forward, the market is projected to reach US$ 8.6 billion by 2027, exhibiting a CAGR of 5.8% during 2022-2027.
  • How has the global telehandler market performed so far and how will it perform in the coming years?
  • What is the structure of the global telehandler market and who are the key players?