Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, today announced that it has filed a defamation lawsuit against ePropelled Inc. on Feb. 15, 2022, in Middlesex County Superior Court in the Commonwealth of Massachusetts. According to the announcement, the litigation concerns the bad faith tactics of ePropelled in publishing a demonstrably untrue and defamatory statement about Exro in a press release issued on Jan. 24, 2022. “Exro stands with conviction against the false claims made in the defamatory press release issued by ePropelled last month,” said Exro CEO Sue Ozdemir. “It is our responsibility to uphold the reputation of Exro and its technology while protecting our shareholders. We are pursuing this lawsuit to hold ePropelled accountable for its tortious conduct.”
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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(TM), expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many partners from all over the world to bring its technology to the electric mobility industries and beyond. For more information, visit the company’s website at 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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