![]() For more information visit the Exro website at About Vicinity Motor Corp. The controller automatically selects the appropriate configuration in real time so that power and efficiency are intelligently optimized. A major advancement in the sector, dynamic motor configuration enables efficiency optimization for each operating mode resulting in reduction of energy consumption. Exro enables the application to achieve more with less energy consumed.Įxro's advanced motor control technology, the Coil Driver TM, expands the capabilities of powertrains by enabling two separate torque profiles within a given motor. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. The Company also announces that as part of its incentive plans, it has granted 166,000 Restricted Stock Units ("RSUs) to one or more director, officer and/or employees.Įxro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. ![]() The options will be exercisable, in whole or in part, at a price of $7.24 for a period of five years with vesting in 1/6 equal installments over a period of three years. ![]() The Company also announces the grant of 60,000 incentive stock options to certain directors and/or officers. "This commercial partnership highlights our continued dedication to bring the Coil Driver technology to emerging electric mobility markets, providing our partners with a clear edge over the competition." "We are thrilled to bring enhanced performance to Vicinity's suite of electric buses," said Sue Ozdemir, Chief Executive Officer of Exro. "Testing of the Coil Drive System, which offers lower energy consumption and high performance relative to existing systems, could prove to be an exciting competitive advantage and further extend the range of our electric buses." "We are constantly searching for innovative new ways to provide a best-in-class experience for our customers, delivering leading-edge technology at a price point suitable for mass deployment across small and large fleets," said William Trainer, Founder and CEO of Vicinity Motor Corp. will validate through an initial deployment of an optimized electric powertrain into the Company's electric shuttle bus product line in 2022, ahead of a broader potential rollout. ("Exro"), a leading clean technology company which has developed a new class of power electronics for electric motors and batteries, to enable the Company's next-generation of Vicinity electric buses.Įxro will supply its innovative Coil Drive System technology suite, which Vicinity Motor Corp. (TSXV:VMC)(OTCQX:BUSXF)(FRA:6LG) ("Vicinity Motor", "VMC" or the "Company") (Formerly Grande West Transportation Group), a leading supplier of electric, CNG, gas and clean diesel buses, today announced that it has signed a supply agreement with Exro Technologies Inc. VANCOUVER, BC / ACCESSWIRE / Ap/ Vicinity Motor Corp.
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