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Provided an operational update on propulsion system deliveries, progress with partners, and the signing of Exro's first-ever outbound intellectual property licensing agreement. Exro report that May marked material progress in execution. The Company continues efforts to increase production and enhance operational efficiency, producing 46 propulsion systems for customers in April and May. As Exro accelerates its output, the Company is focused on meeting its goal of delivering more than 250 propulsion systems to customers through Q2 and Q3 of 2024 -- the first six months post-closing the SEA acquisition. Exro Technologies Inc shares T.EXRO are trading up $0.05 at $0.54.
Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.
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