Exro Technologies Inc. (TSXV: EXRO) (OTCQB: EXROF), a leading power electronics technology company, announced today it has been selected by Vicinity Motors Corporation ("Vicinity") to provide coil drive systems for their all-electric buses.

The Vicinity bus powertrains will utilize Exro's unique coil drive technology to achieve peak efficiency, torque and thermal management. The system will enable Vicinity to offer one of the fastest, most energy-efficient and safest all-electric buses on the market.

"Vicinity's all-electric bus is designed for the modern urban dweller and commuter," said Vicinity CEO, Jim Castelaz. "Our goal is to provide a viable alternative to the combustion engine that doesn't sacrifice performance or safety. We are extremely pleased to be working with Exro as we believe their technology is a critical piece of enabling us to reach our performance targets."

Exro's coil drive system is a novel approach to electric motor design that significantly improves torque, power and thermal management relative to traditional electromagnetic motors. The system decouples torque and power within the motor, allowing each to be independently optimized. This results in a more thermally efficient motor that can generate significantly more torque than a traditional motor of the same size and weight.

The system also provides a unique capability for regenerative braking, which enables the recovery of energy that would otherwise be lost during braking. This enables the bus to operate at a significantly lower overall cost of ownership relative to a comparable diesel or hybrid-electric bus.

"We are very excited to be working with Vicinity on their all-electric bus powertrains," said Exro CEO, Robert DesLauriers. "Vicinity is at the forefront of the electric bus market and their vehicles are designed to meet the demands of the modern urban environment. We believe our technology is ideally suited for their powertrains and we are looking forward to helping them achieve their performance targets."

About Exro Technologies Inc.

Exro Technologies is a power electronics technology company that has developed a proprietary coil driver system to increase the efficiency, torque and thermal management of electric motors. The company's technology decouples torque and power within an electric motor, allowing each to be independently optimized. This results in a more efficient motor that can generate significantly more torque and power than a traditional motor of the same size and weight. The technology also provides a unique capability for regenerative braking, which enables the recovery of energy that would otherwise be lost during braking.

Exro's technology is scalable and can be applied to a wide range of electric motors used in a variety of applications, including transportation, industrial and consumer products.

About Vicinity Motors Corporation

Vicinity Motors Corporation is an electric vehicle company dedicated to commercializing safe, reliable and affordable all-electric vehicles. The company's mission is to provide a viable alternative to the internal combustion engine that doesn't sacrifice performance or safety. vicinitymotors.com