Exro Partners with e-Boat Leader in Multi-Billion-Dollar e-Marine Sector

“Exro appears to be ideal for marine applications, and I believe Templar Marine will prove an excellent development partner,” said Exro’s Chief Scientist, Jonathan Ritchey. “They are a leader in the market and an excellent brand to work with to expand Exro’s technology to this global sector.”

The Exro/Templar partnership will be widely circulated in the marine and electrical motor sector thanks to the global networks of the two companies’ CEOs.

Mark Fry is also the founder and Managing Director of International Yacht Training Worldwide: https://IYTworld.com. With a network of 300 maritime training schools in 59 countries, it certifies more boating courses with more Government approvals through more schools, in more countries, and more languages than any other boating organization in the world. Said Fry: “We are very well positioned to leverage the IYTworld global network to expand Templar Marine’s marketing and product sales on a global scale.”

Sue Ozdemir, who led the GE small industrial motor division before joining Exro, has a large professional network in the electric motor sector. Added Ozdemir: “By integrating Exro, we believe we can ensure e-Boats can travel faster and further and adapt to the changing conditions on the water. This partnership will help us bring these important improvements to the multi-billion-dollar e-boat sector.”

About Templar Marine

Sometimes called the Tesla of e-Boats, Templar Marine is focused on “mass production” of commuter electric boats, from water taxis to rental fleets. The boats are high-end watercraft having almost no operating or maintenance costs and are free of exhaust fumes and engine noise. Its boats are sold worldwide. https://www.canadianyachting.ca/boat-reviews/boat-yards/4980-templar-marine-launches-first-plug-in-electric-boat-in-western-canada

Templar Marine’s mission is to eliminate our carbon footprint on global waterways and provide affordable, year-round, eco- friendly, low maintenance electric boating to the general public, for personal use and for small commercial use such as water taxis, eco lodges and sightseeing tours. BCTV interview https://bc.ctvnews.ca/video?clipId=1747008

www.TemplarMarine.com

MarkF@TemplarMarine.com

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

Sue Ozdemir, CEO

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.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

SOURCE