Exro Technologies Inc. Responds to Recent Market Activity

CALGARY, AB, April 23, 2025 — Exro Technologies Inc. (TSX: EXRO), a Canadian company specializing in power control solutions for electric vehicles and energy storage, has issued a statement in response to recent unusual trading activity in its shares. The company, based in Vancouver, is known for its innovative self-optimizing electric motors and generators, which are integral to reducing fuel and power consumption across various applications globally.

On April 23, 2025, Exro Technologies confirmed that it is not aware of any undisclosed material changes to its business or operations that would account for the recent increase in its share price and trading volume. This statement was issued at the request of CIRO, a regulatory body overseeing market activities.

The company reiterated its commitment to exploring financing alternatives to support its business operations. Despite the recent market activity, Exro Technologies maintains its focus on advancing power management technology, particularly in the integration of rotating machine coils with power electronics.

Exro Technologies Inc. operates in the industrials sector and is listed on the Canadian National Stock Exchange. With a market capitalization of 71,426,731 CAD, the company continues to be a significant player in the power management technology sector.

The company’s response to the market activity was reported by multiple financial news sources, including Newswire.ca, Stockwatch.com, OTCMarkets.com, CEO.ca, Finanzen.net, Stocktitan.net, and Allpennystocks.com, highlighting the widespread interest in the recent developments surrounding Exro Technologies Inc.