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The Power Within ©2020 EXRO TECHNOLOGIES INC. CSE –XRO OTCQB - EXROF WWW.EXRO.COM

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Page 1: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

The Power Within

©2020 EXRO TECHNOLOGIES INC.

CSE –XROOTCQB - EXROFWWW.EXRO.COM

Page 2: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Disclosure StatementThe information provided in this presentation material contains forward-looking statements.

These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance and achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.

The Company does not assume the obligation to update any forward-looking statements.

©2020 EXRO TECHNOLOGIES INC.

Page 3: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

What is Exro?Exro is a software design company that creates an Electric

Program Module (EPM), effectively a computer chip,

that communicates directly with an electric motor

and powertrain.

This EPM uses a machine learning algorithm that

integrates into the power electronics and essentially

acts as the ‘brains’ of the system.

With patented Real-Time Coil Switching Technology,

the EPM modifies the output and behavior of an

electric motor, on-the-fly.

©2020 EXRO TECHNOLOGIES INC.

Page 4: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

EXROtechnology makes

existing electricmotors smarter and

more efficient.

©2020 EXRO TECHNOLOGIES INC.

Page 5: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

High Torque Output

Electric Motor LimitationsBecause of the static nature of an electric motor, machines like

electric bikes, skateboards or scooters, are configured for optimal

performance on flat roads. But when going uphill or pushing

significant weight they quickly reach their limits.

To compensate, high performance vehicles like Porsche or Tesla use

two or more motors and multiple gearboxes to get the range of

power they need. One motor configured to deliver low-end torque

and another motor configured for high-end speeds.

High Speed Output

©2020 EXRO TECHNOLOGIES INC.

Page 6: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

The ExroDifference

EXRO's technology performs a coil switch in real time

as it learns the demands of the system.

A single motor can repeatedly change from a high

speed to a high torque configuration on-the-fly,

seamlessly, and under demand.

It's all done electronically.

This coil switch is totally fluid, the user in the vehicle

or operating the machine doesn't feel a thing.

©2020 EXRO TECHNOLOGIES INC.

Page 7: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Exro is SoftwareThe electrification industry is under immense pressure

to increase performance and efficiency, both from

consumer demand and environmental perspective. But

there is a large gap between creating a new motor design

and having it integrated by manufacturers.

With Exro, manufacturers do not need to change their production line and/or tools.

WHAT WE DO is make existing motors smarter.

HOW WE DO IT is through the power electronics.

.

©2020 EXRO TECHNOLOGIES INC.

Page 8: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

EXRO EPM

Exro technology is completely scalable.

Applicable in any application from scooters, to bicycles, to power tools, to cars, to 18wheelers, and everything in between.

What Intel is to computers EXRO is to electric motors

©2020 EXRO TECHNOLOGIES INC.

Page 9: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Real World ResultsExro recently announced the results of their partnership and real-world road tests with electric bike manufacturer Motorino

After integrating the Exro software and EPM into

their existing motor and powertrain, the

Motorino bike was able to achieve a 25% increase in their top speed, and a 25% increase to their low-end torque.

Current Output Range

Increased Torque +25%Increased Speed +25%

©2020 EXRO TECHNOLOGIES INC.

Page 10: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

©2020 EXRO TECHNOLOGIES INC.

30

40

50

60

70

80

90

100

0 500 1000 1500 2000

Effic

ienc

y

RPM

A 15.8 Kg*m

EfficiencyETR-ENABLED

Seamless Switching Optimization

Page 11: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Performance GainsReduce or potentially eliminate mechanical gearboxes

EXRO technology can effectively turbo charge the overall performance and efficiency of an existing motor.

In the performance automotive industry, where they use multiple motors and gearboxes, the technology has exponential effects.

In addition, as the EPM learns the demands of

the system, it changes the coil configuration of

the motor in a way that creates the functionality

of a mechanical gearbox. This is done

electronically, inside the motor, and effectively

acts as an electric gearbox.

Save Cost

Save Space

Save Weight

©2020 EXRO TECHNOLOGIES INC.

Page 12: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Commercialization

Exro is focused on commercialization in mobility platforms. Any variable torque application, is an application for Exro.

But we're not a plug and play design. Our technology needs to be specifically programmed to a specific motor configuration.

Our commercialization and licensing strategy is centered

around our Partner Development Phase.

©2020 EXRO TECHNOLOGIES INC.

Page 13: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

CYCLE WATERCRAFT SNOWMOBILE AUTOMOTIVE AGRICULTURE

Exro ProjectsCo-Development projects

©2020 EXRO TECHNOLOGIES INC.

Page 14: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Exro 2020 Partners

We identify potential partners based on the efficiency

and performance upgrades expected by adding Exro's

EPM technology.

We have targeted 8 development partners by end of

2020. In addition to the prestigious brand names, our

research is helping us find those companies where we

can achieve the most success, drive consistent revenue,

and create the greatest impact on our story.

It is a 12-week co-development process through the

software development phase to real world testing.

©2020 EXRO TECHNOLOGIES INC.

Page 15: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Intellectual Property

Exro has 15 patents granted, 8 pending, and several others in development.

Exro employs a comprehensive technology protection strategy.

©2020 EXRO TECHNOLOGIES INC.

Page 16: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

The results, the process, and the core

technology have all been verified and proven.

"Exro Technologies Inc. (Exro) developed a novel Electric Gearbox Concept (EGC) that enables electric motors to operate more efficiently in an extended range of their loading and speed.."

"..mechanical components of the power train transmission (gearboxes) can be eliminated."

"In addition to the motor's capability to attain higher efficiency performances, the EGC may enable higher efficiency values of the power train (mechanical) system by eliminatingthe mechanical power losses dissipated in mechanical gearboxes..."

Technology validation conducted by:ELEN-MECH. Consulting Inc.Dr. Constantin Pitis P. Eng.,CEM, Pr. Eng. MIEEE

3rd Party Validation

©2020 EXRO TECHNOLOGIES INC.

Page 17: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Global Market Size

63B 55B 14B

BIKES, SCOOTERS

E-RECREATIONAL; SNOWMOBILES,

BOATS, ATVS

ELECTRIC VEHICLES

Electric motors are the single biggest consumer of electricity. They account for about two thirds of industrial power consumption and, about 45% of global power consumption, according to a new analysis by the International Energy Agency.

©2020 EXRO TECHNOLOGIES INC.

Page 18: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Corporate Structure

Capitalization as of May 25, 2020

Issued & Outstanding – 82,880,249

Fully Diluted - 94,743,580

2020 Burn rate = 350k per month

Financial runway: Q4 2020

CSE – XRO

OTCQB: EXROF

www.exro.com

©2020 EXRO TECHNOLOGIES INC.

Page 19: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Executive Team

SUE OZDEMIR

JOHN MEEKISON

JOSH SOBIL

ARI BERGER

STEVEN MOON

CEOJoined in September 2019 from GE where she was CEO of GE

Industrial Motor Group.

CFOJoined Exro in 2017 and is a career CFO with over 29 years

experience including 15 years in corporate

finance with a focus of raising equity capital for North American

technologycompanies.

CCOJoined in November 2019, coming from

Siemens where he was Mining Segment

Leader.

CTOJoined in August 2019, Ari holds a

masters in systems controls engineering from Israel Institute

of Technology.

CPOJoined in January 2020. He has over 18 years

of experience in product innovation at

various technology start up companies,

including CorvusEnergy.

©2020 EXRO TECHNOLOGIES INC.

Page 20: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Board Of Directors

MARK GODSY

JILL BODKIN

FRANK BOROWICZ

Serial entrepreneur involved in many

successful ventures including two of

Canada's most successful companies

including ID Bio-Medical, which became

Canada's largest vaccine company and

the fifth-largest in the world; and Angio-

tech Pharmaceuticals, which created

the first coated stent, which has gone

on to save tens of millions of lives.

A distinguished career including past

director of Westport Innovations, where she

was instrumental in institutional andventure

capital. As British Columbia's first female

Deputy Minister in 1981, she was also the

founding chair of the Securities Commission.

Then, in the private sector, Jill worked for a

decade as a partner in the international firm

of Ernest and Young. She has been honored

with the Governor Generals Canada 125

medal, the Lifetime Achievement Award of

Association of Women in Finance.

Has over 40 years experience in

corporate governance, regulatory

compliance, conflict resolution and risk

management. He is a prominent arbitrator,

mediator, and governance advisor to public

organizations and private corporations, and

is a retired partner of the international law

firm, Davis LLP (DLA Piper). A graduate of

Harvard (LLM), Dalhousie (LLB) and Loyola

of Montreal (BA), Frank was formerly a law

professor at the University of Windsor,

and a founding faculty member of the

University of Victoria Law School.

©2020 EXRO TECHNOLOGIES INC.

Page 21: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Board Of Directors

DAN MCGAHN

JONATHAN RITCHEY

EAMONN PERCY

Currently CEO of American Superconductor Corporation

("AMSC"). Joined AMSC in 2006as VP, Strategic Planning and Corporate Development, later

promoted to President and COO responsible for AMSC's global operations. Holds a

M.Sc. and B.Sc. in Engineering, MIT.

Founder, inventor and chief designer for Exro's technology.

Global business growth advisor and cleantech expert. Former President of Powertech Labs

(leading global utility engineering products and services company).Former VP, Operations of Ballard Power Systems (a leading fuel cell

company). B. Eng. (Electrical) & MBA (Finance).

©2020 EXRO TECHNOLOGIES INC.

Page 22: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Business Advisory Board

DARRYL WILSON

ANDREAS TRUCKENBRODT

VIOREL NICA

Chairman of Business Advisory Board

Retired- GE Executive Officer at GE Power

Retired - past Head of Advanced Vehicle

Engineering for Daimler

Currently Schneiders Canada Services Director

©2020 EXRO TECHNOLOGIES INC.

Page 23: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Executive Team Bios

©2020 EXRO TECHNOLOGIES INC.

Sue Ozdemir, CEOJoined in September 2019 from GE where she was CEO of GE Industrial Motor Group.https://www.exro.com/news/sue-ozdemir-joins-exro-as-its-new-chief-executive-officer/

John Meekison, CFOJoined Exro in 2017 and is a career CFO with over 29 years experience including 15 years in corporate finance with a focus of raising equity capital for North American technology companies.https://www.exro.com/news/exro-announces-appointment-of-new-chief-financial-officer-and-closes-divestiture-of-legacy-assets/

Josh Sobil, CCOJoined in November 2019, coming from Siemens where he was Mining Segment Leader.https://www.exro.com/news/exro-announces-josh-sobil-as-chief-commercial-officer/

Ari Berger, CTOJoined in August 2019, Ari holds a masters in systems controls engineering from Israel Institute of Technology.https://www.exro.com/news/motor-control-expert-ari-berger-joins-exro-as-cto/

Steven Moon, CPOJoined as our Chief Product Officer in Jan.2020. He has over 18 years of experience in product innovation at various technology start up companies, including Corvus Energy. https://www.exro.com/news/exro-appoints-chief-product-officer-to-advance-2020-commercialization/

Page 24: The Power Within - Exro Technologies...Corporate Structure Capitalization as of May 25, 2020 Issued & Outstanding – 8 2,880,249 Fully Diluted - 9 4,743,580 2020 Burn rate = 350k

Thank you

©2020 EXRO TECHNOLOGIES INC.

Email: [email protected]: 604-674-7746

Jake Bouma: 604-317-3936Vic Allgeier: 646-841-4220www.exro.com