Exro Technologies (TSE:EXRO) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Exro Technologies Inc. is celebrating a pivotal achievement as its Cell Driver™ energy storage system has successfully obtained UL certification, marking its readiness for commercial deployment, particularly in the commercial and industrial sectors. In tandem with this accomplishment, Exro has launched a new subsidiary, Cellex Energy Inc., to spearhead the commercialization of the Cell Driver™. Additionally, the company has reported substantial progress in cost optimization, claiming annualized General & Administrative expense reductions nearing US$7.5 million since its acquisition of SEA Electric.
For further insights into TSE:EXRO stock, check out TipRanks’ Stock Analysis page.
