Tickers: XCNQ:XRO, PINX:EXROF, XOTC:EXROF
Tags: #AlternativeEnergy, #Technology
VANCOUVER, B.C. - TheNewswire - August 21, 2019 - Exro Technologies Inc. (CNSX:XRO.CN) (OTCQB:EXROF) (the "Company" or "Exro"). Mark Godsy, Chairman of Exro is pleased to announce that Sue Ozdemir will be joining Exro as the company's new Chief Executive Officer ("CEO") starting September 2019. Ozdemir is recognized as an accomplished executive and industry expert as she has more than two decades of accomplishments in the electric motor industry, including eight years at General Electric ("GE"). She became CEO of GE's Small Industrial Motors Division, overseeing the division's North American and international markets and scaling the division's growth into a $160-million revenue enterprise.
Ozdemir was asked by GE to be part of the executive team which managed the sale of GE's Small Industrial Motors Division to Wolong Electric ("Wolong"), China's largest motor manufacturer, in July 2018. After successfully completing the sale, Wolong retained her to lead the company's GE motor division and drive growth towards #1 motor manufacturer in the world.
"We are absolutely delighted to have Sue join our executive team at Exro and we are a better company today with her leading us through these next critical steps," said Mark Godsy, Exro's current CEO and Chairman. "Sue's resume speaks for itself but what I have come to learn about Sue is her undeniable passion for innovation as she learned how to repair, rewind, assemble motors as a young girl at her family motor repair shop. Winding her first motor before she was 16 years old, she has shown that this industry is in her blood."
As CEO of Exro, Ozdemir will focus her passion on advancing Exro's Electronic Transmission Replacement ("ETR") and Intelligent Energy Management System ("IEMS") through commercialization with existing strategic partners while expanding the customer base for new opportunities.
"Exro is ready to work with strategic partners to utilize our technology to enhance performance and provide solutions for energy management. I am delighted to join Mark and the Exro team in growing the business and developing opportunities to improve the world through energy management solutions powered by Exro." Said Ozdemir. "Clean energy is important to the future of our world. I believe that we are at the cusp of breakthroughs that will change the way we think about the industry. Energy consumption is sometimes taken for granted, but electricity powers so much of what we do and its important that we continue to support breakthroughs that could improve the world for our future generations."
Recognized by her peers as a motivated, visionary, high-potential executive, she credits her success in life and in managing her career and family not only to the education and coaching that she has received from people above her along the way but to her Wing Chun Martial Arts training, which goes beyond the concept of fighting and more to the concept of strategy in life and business.
Not having many female role models in the industry, Ozdemir enjoys the opportunity to mentor and be a role model to other women looking to grow in their careers. A proud member of the GE Women's network and a model to many women at Wolong, she hopes to inspire and mentor other women looking to rise to executive ranks.
Mark Godsy will remain active in the company as Exro's Executive Chairman of the Board.
About Exro Technologies Inc.
Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of power systems, including electric motors, generators and batteries. Exro's patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan. The widespread applications of the technology apply to optimizing the performance of electric vehicles, UAVs, and ship drives, as well as pumps, industrial motors, and energy capture from wind and tides.
For more information visit our website at www.exro.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Godsy, Director & CEO
INVESTOR CONTACT INFORMATION: info@exro.com
Forward Looking Statements
Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "believe", "may", "would", "could", "will" and similar expressions, as they relate to the Company or its management are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Company's intention to commercialize its product in the near term. Such statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not assume any obligation to update these forward-looking statements, except as required by law.
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