Exro Announces UL Certification for Cell Driver™ Energy Storage and Launch of Cellex Energy Inc.
"Bringing disruptive technology to market is never easy," said Exro CEO
UL Certification Awarded
Certification marks a significant milestone and the culmination of more than two years of rigorous development and testing. Exro is now positioned to immediately deploy the Cell Driver™ technology to market with a focus on commercial and industrial ("C&I") sectors. The applications across C&I are numerous, including commercial and office buildings, retail centers, hotels, restaurants, schools, hospitals, and more.
Certification is an essential requirement prior to connecting to the energy grid in the
Achieving Certification is a testament to Exro's capabilities in innovation and design, bringing new technologies to market that meet customer needs and achieve the highest levels of safety and performance. This safety and performance have been real-world validated with a Cell Driver™ demonstration unit that has been installed at Exro's
Establishment of
Shifting to the commercialization phase, Exro will establish a new subsidiary dedicated to its Cell Driver™, named
In parallel with these latest developments, Exro continues to collaborate with several launch partners for in-field pilots. While working towards certification, Exro has built a network of channel partners throughout
Corporate Cost Optimization Update
Since close of the acquisition of
Cell DriverTM Stationary Energy Storage
Exro's Cell Driver™ is designed to optimize performance and reduce costs for stationary energy storage applications by enabling users to manage energy consumption, safeguard against grid outages, store energy produced on-site, and realize benefits through peak shaving and load shifting. The fully integrated battery energy storage system is equipped with the Company's proprietary Battery Control System™ (BCS) technology and offers maximized cell safety, capacity, and lifetime. It enables businesses to efficiently control their power usage, lower electricity expenses, and improve energy reliability. A standout feature of Cell Driver™ is its ability to isolate defective cells while maintaining 100% operational functionality. The dynamic micro-protection mechanisms provide best-in-class safety and minimize the risk of cell-level thermal runaway by reducing operating current on hot cells.
For information about Cell Driver™ visit: https://www.exro.com/technology/cell-driver-commercial-energy-storage.
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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 using 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, which 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
Neither the
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