$EXROF CEO Releases Integrity Statement

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, has made available what it is calling an integrity statement from company CEO Sue Ozdemir. The statement was released in response to a report, which impacted EXRO stock, that was not affiliated in any way with Exro or the company’s management team. In her statement, Ozdemir noted that the report was full of inaccuracies, innuendos and outright distortions in what she called a “short seller attack” on the company. “We will not take this report lightly and will be preparing a detailed response in the next 48 hours against these claims to highlight this cynical attempt to hurt a real and thriving company, its shareholders and the integrity of the market,” said Exro CEO Sue Ozdemir in the letter. “I want to personally reassure our valued partners and shareholders that we continue to maintain the highest degree of integrity at Exro and embed it within our company culture. We remain very confident about our patented technology, our business plan and organizational design, and the value of the products we can bring to market.

My commitment and belief in Exro are unshaken. I stand by the company, and my entire career is a representation of my focus to building real business value and executing on deliverables to the market. We are well positioned, with working capital to execute on our milestones and become a leader in power electronics technology.”

To view the full letter, visit https://ibn.fm/QwRD5

About Exro Technologies Inc.

Exro is a clean-technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro 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. Exro’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. For more information about the company, please visit www.Exro.com.

NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF

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