Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) Energy management company Exro Technologies and battery and portable power solutions group Lithium Werks have agreed to collaborate to improve the way batteries are controlled under variable conditions.
“We will combine our technologies to develop flexible battery voltage input and output solutions for applications ranging from large scale energy storage for the grid, to everyday consumer goods,” said Mark Godsy, CEO of Exro Technologies.”
Exro’s software technology allows for constant monitoring and manipulation of energy inflows and outflows, at rates of up to 100k manipulations per second. The goal is total control of the flow of energy, in effect allowing better, more balanced storage of energy, especially under changing conditions, while also making battery banks of any size inherently electrically safe. Exro’s technology is also designed to make it possible to “swarm” batteries by getting them to work in concert with one another to better manage and load balance inflows and outflows of energy under varying conditions.
“This strategic partnership with Exro Technologies comes at a time of soaring demand for our Lithium Werks’ NanoPhosphate lithium ion battery technology,” said T. Joseph Fisher III, Lithium Werks CEO and co-founder. “Our high-powered batteries are both smaller and lighter as well as safer and more durable than those offered by our competitors. By combining this with Exro’s intelligent technology, we are building a strong foundation for a partnership capable of serving the cutting-edge requirements of our customers in the new applications market.”
Some of the benefits that can be realized with Exro and Lithium Werks combined technology include:
About Exro
Exro Technologies Inc. offers the potential to accelerate the transition to clean energy by improving the efficiency and reliability of electric motors and generators and by improving the performance and safety of batteries used to store energy.
About Lithium Werks
Lithium Werks is a fast-growing global lithium ion battery company with production facilities in China and offices in the USA, the Netherlands, Northern Ireland, Great Britain and Norway. Lithium Werks provides cells, modules, and battery management systems into markets such as material handling, stationary energy storage, medical, and commercial marine.
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