AI dynamic motors getting some pop this week. Expecting some positive earnings in 2020 with new use in electric bicycles, await some EV uses.
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Pop cannon week for this one. Huge potential with AI for dynamic motors to optimize something that hasn't for near a century.
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Rentry position at 0.18
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Trade active
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Spike today with some profit takers during Technology presentation by CEO Sue Ozdemir this morning, formerly with GE Industrial Motors 9 years and . 90% of uses will be covered by own labs, with other 10% requiring a partner, due to size of motor and qualifications (>300 KW). Profitability is estimated in 2023 with many EV motor applications taking 4 months to close on fast end to 6-9 months on slow end and they are taking an approach to grow their lab capabilities from 200KW motors to 300KW motors this year. A unique technology offering an improvement in torque for electric motor technology with dynamic power control.
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Sue entering automotive leadership council and good exposure for the real deal partnerships. Holding long, limit entries/exits for 1/3.
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Fibonacci hitting expected resistance zone this week with announcement of 1st automotive approval
Great entry point $2.27-2.45 after shorting reported causing 45% dip and now recovering.
Pokethebear
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Pokethebear
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Exro is excited to share that the company is completing its engineering validation on the 100V Coil Driver and is on track to deliver the electric car inverter by the end of November.
jwtheball1
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They need to get testing on autos before batteries get so good no one will care about the motor efficiency. Even with a small company like Solo. Would be good for both of them.
Pokethebear
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@jwtheball1, From presentations I've seen, they are, but requires testing by end-user. They are expanding their testing capabilities to be able to test 90% of applications this year with remaining 10% via key partnerships. EV is expected to be a key growth for EXRO, but await EV qualifications and good question for CEO.