Exro recognizes the importance of intellectual property, actively protects its own IP and respects other companies' valid IP rights.
Exro takes exception to ePropelled Inc.'s unmerited patent infringement lawsuit and its inaccurate statement that Exro did not respond to ePropelled's inquiry to Exro concerning ePropelled's patent.
Exro will investigate the allegations set forth in the complaint, and vigorously defend its technology.
CALGARY, AB, Jan. 25, 2022 /PRNewswire/ – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, is issuing the following statement in response to the press release issued by ePropelled Inc. on January 24, 2022, concerning a patent infringement lawsuit it filed against the Company on January 21, 2022.
As a technology company, Exro recognizes the importance of intellectual property ("IP"), and actively strives to protect and maintain its IP rights, which includes securing patents covering its technology both in the United States and internationally. Exro also steadfastly respects other companies' valid IP rights.
Contrary to allegations made by ePropelled, Exro diligently investigated and promptly responded to ePropelled's inquiry. Based on Exro's response, ePropelled clarified that it was not accusing Exro of infringement and stated that it had not conducted an infringement analysis. ePropelled made no...
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