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Exro Announces UL Certification for Cell Driver™ Energy Storage and Launch of Cellex Energy Inc.

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CALGARY, AB, June 27, 2024 /PRNewswire/ – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the “Company” or “Exro”), a leading clean-technology company that provides proprietary propulsion system technology for e-mobility and proprietary battery control technology for stationary energy storage, is pleased to announce today that its Cell Driver™ stationary energy storage system has achieved UL certification status (“Certification”), as well as the launch of Cellex Energy Inc., a new subsidiary dedicated to Cell DriverTM commercialization. UL certification evolves the Cell DriverTM technology to a full de-risked and commercial-ready product.

“Bringing disruptive technology to market is never easy,” said Exro CEO Sue Ozdemir. “This important milestone is the result of years of dedication and hard work from our team. We extend our sincere gratitude to our shareholders for their support throughout the UL certification process. The process presented many challenges for both Exro and the UL certifier team as we worked to certify an innovative technology with capabilities that exceeded existing UL testing standards. Thanks to the tenacity and determination of our employees, our energy storage technology is now ready to deploy and bring unparalleled safety, performance, and cost savings to customers.”

UL Certification Awarded

Certification marks a significant milestone and the culmination of more than two years of rigorous development and testing. Exro is now positioned to immediately deploy the Cell Driver™ technology to market with a focus on commercial and industrial (“C&I”) sectors. The applications across C&I are numerous, including commercial and office buildings, retail centers, hotels, restaurants, schools, hospitals, and more.

Certification is an essential requirement prior to connecting to the energy grid in the USA and Canada, ensuring that products meet rigorous safety standards and regulatory requirements. Certifications of Cell Driver™ include several standards for the system and subcomponents, as well as certification of the manufacturing process for Cell DriverTM, which will be performed by Exro’s contract manufacturing partner, Re:Build Manufacturing.

Achieving Certification is a testament to Exro’s capabilities in innovation and design, bringing new technologies to market that meet customer needs and achieve the highest levels of safety and performance. This safety and performance have been real-world validated with a Cell Driver™ demonstration unit that has been installed at Exro’s Calgary facility for more than a year. The full system, including energy storage system (ESS), energy management system (EMS) and webserver, have been operating through harsh Canadian climates to collect data, enhance software functionality and test new EMS features.

Establishment of Cellex Energy Inc.

Shifting to the commercialization phase, Exro will establish a new subsidiary dedicated to its Cell Driver™, named Cellex Energy Inc. This strategic move ensures specific focus and visibility for its energy initiative, enabling the Company to concentrate resources and expertise specifically on energy storage, enhance operational efficiency and market responsiveness, and strengthen customer and stakeholder engagement through a dedicated division.

In parallel with these latest developments, Exro continues to collaborate with several launch partners for in-field pilots. While working towards certification, Exro has built a network of channel partners throughout North America in the solar, energy storage, electric vehicle (“EV”) charging, and building energy management industries, which the Company is working with to accelerate a robust pipeline of sales opportunities.

Corporate Cost Optimization Update

Since close of the acquisition of SEA Electric on April 5th, 2024, Exro continues to focus on restructuring the business, divesting non-core assets, and ramping up production for its blue-chip OEM customers.  The Company continues to implement rigorous cost optimization measures which target an annualized reduction in General & Administrative expenses of up to US$10 million in 2024. Since April 5th, Exro has now recognized approximately US$7.5 million in annualized savings through redundancies, supply chain efficiencies, and optimized business operations. The latest savings are attributed to a wind down of Exro’s engineering services division in Detroit, talent which was duplicated internally with the acquisition of SEA Electric. The Company has a plan in place to deliver further savings through facilities rationalization, a focus on execution, and continued operational optimization.

Cell DriverTM Stationary Energy Storage

Exro’s Cell Driver™ is designed to optimize performance and reduce costs for stationary energy storage applications by enabling users to manage energy consumption, safeguard against grid outages, store energy produced on-site, and realize benefits through peak shaving and load shifting. The fully integrated battery energy storage system is equipped with the Company’s proprietary Battery Control System™ (BCS) technology and offers maximized cell safety, capacity, and lifetime. It enables businesses to efficiently control their power usage, lower electricity expenses, and improve energy reliability. A standout feature of Cell Driver™ is its ability to isolate defective cells while maintaining 100% operational functionality. The dynamic micro-protection mechanisms provide best-in-class safety and minimize the risk of cell-level thermal runaway by reducing operating current on hot cells.

For information about Cell Driver™ visit: https://www.exro.com/technology/cell-driver-commercial-energy-storage.

ABOUT EXRO TECHNOLOGIES INC.

Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. 

For more information visit our website at www.exro.com.

To view our Corporate Presentation visit us at www.exro.com/investors

Visit us on social media @exrotech.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified using terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”, “occur” or “be achieved”. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, which could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company’s annual information form for the financial year ended December 31, 2023, and financial statements and related MD&A for the financial year ended December 31, 2023, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

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SOURCE Exro Technologies Inc.

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Coreline Soft and Mint Medical Announce Partnership to Advance AI-Enabled Lung Cancer Screening

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HEIDELBERG, Germany and SEOUL, South Korea, June 18, 2026 /PRNewswire/ — Coreline Soft and Mint Medical today announced a partnership to advance AI-enabled lung cancer screening, following more than six months of technical collaboration and integration work. Through this collaboration, Coreline Soft’s AI imaging platform AVIEW has been integrated into mint Lesion, Mint Medical’s flagship platform for structured reporting and standardized imaging data management, to support clinical lung cancer screening workflows.

The partnership supports an end-to-end workflow connecting AI-powered pulmonary nodule detection, multi-disease analysis, structured reporting, longitudinal nodule tracking, and multi-site reading management. While initially focused on Germany, where LDCT-based lung cancer screening entered statutory health insurance reimbursement in April 2026, the collaboration is designed to scale across international markets where structured and operationally rigorous screening programs are emerging.

Background: Why Germany, Why Now

Germany’s national screening framework requires double reading by independent institutions, CAD software utilization, longitudinal follow-up, quality assurance, and GDPR-compliant multi-site data management. In this context, AI’s role has evolved from optional decision support to operational necessity. What hospitals now require is not simply a high-performing algorithm, but an integrated workflow that connects detection, structured reporting, and follow-up into a reliable, scalable system. This collaboration is built to meet that requirement — and to serve as a replicable model for other national programs adopting similar standards.

“With the integration of Coreline Soft’s AI solution into mint Lesion, we are specifically addressing the requirements of lung cancer screening and enabling scalable, quality-assured workflows, longitudinal follow-up, and optimized interaction with AI results. Coreline Soft contributes an established and clinically validated solution that complements our structured reporting workflows very well. The partnership also allows us to bring the full workflow to our markets in a consolidated way and provide hospitals with seamless access.”
— Onur Özek, Managing Director, Mint Medical

“Coreline Soft has developed AI that goes beyond pulmonary nodule detection, analyzing findings related to lung cancer, COPD, and coronary artery calcification from a single chest CT through opportunistic analysis. Mint Medical’s mint Lesion platform connects those AI-derived findings to structured reporting and longitudinal patient management, which is exactly what Germany’s national screening infrastructure demands. When detection, structured reporting, and follow-up management are joined in a single operational flow, AI becomes the infrastructure that transforms how a healthcare system operates.”
— Jin-Kook Kim, CEO, Coreline Soft

Coreline Soft’s AVIEW has been applied in over 2.5 million real-world clinical reads across hospitals in 19 countries, and is the adopted AI solution in major lung cancer screening initiatives including HANSE (Germany), IMPULSION (France), and RISP (Italy).
Through the mint Lesion platform, partner technologies are incorporated directly into the radiologist’s reading process, supporting standardized data collection from medical images. The open environment allows radiologists to utilize AI-augmented third-party applications while documenting findings in a structured format.
The integration of AVIEW into mint Lesion is designed to enable AI-detected lung nodule findings to be incorporated into structured reporting workflows, supporting Lung-RADS classifications, volume doubling time (VDT) calculations, and follow-up planning. This helps reduce manual workload and improve consistency across multi-site lung cancer screening operations.

About Coreline Soft
Coreline Soft is a medical AI company that develops and commercializes AI-powered chest CT imaging software. Its flagship AI platform, AVIEW, simultaneously detects pulmonary nodules, quantifies emphysema, and assesses coronary artery calcification from a single low-dose chest CT — delivering multiple clinical insights without additional imaging.

About Mint Medical
Mint Medical, a Snke company, is a global leader in software solutions for structured reporting and data-driven radiology. Its flagship platform, mint Lesion, streamlines the diagnostic workflow in clinical routine and research by transforming medical images into high-quality, reproducible data. Mint Medical provides a vendor-neutral ecosystem that integrates advanced, AI-augmented solutions from third-party partners — including automated lesion detection and segmentation — directly into the radiologist’s reading process. By bridging the gap between imaging findings and standardized clinical criteria, Mint Medical enables the precise, longitudinal assessments essential for the advancement of precision medicine.

Media Contacts
Coreline Soft
General Inquiries
Email: global.mkt@corelinesoft.com

PR Inquiries
Youna Kim, PR Manager
Email: youna.kim@corelinesoft.com

Subject Matter Expert
Franck Ruiz, Marketing Management
Email: franck.ruiz@corelinesoft.com

Mint Medical
Media Inquiries
Corina Leibli, VP MarCom
Email: corina.leibli@mint-medical.com
Phone: +49 6221 32180-21 (CET+1)

Subject Matter Expert
Dr. Sigrid Auweter, Product Management
Email: sigrid.auweter@mint-medical.com

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Mobility Technology Firm KPIT Expands its Vietnam Presence with New Center and University Partnerships

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Partnering with leading universities and creating 100+ job opportunities, KPIT signals long-term commitment to Vietnam’s technology talent ecosystem.

HANOI, Vietnam, June 18, 2026 /PRNewswire/ — KPIT Technologies, a global technology partner to the Automotive and Mobility ecosystem, announced an expansion of its Vietnam presence with the inauguration of a new technology center in Hanoi and strategic collaborations with two leading universities. With over 25 years of specialized expertise in mobility, experience across 2000+ vehicle production programs, and software powering 20+ million vehicles on the road, this marks an important step in KPIT’s long-term commitment to Southeast Asia and its vision to help shape the future of Mobility.  

A strategic base for Southeast Asia’s Mobility growth

The global mobility industry is focusing on strengthening its competitive advantage by reducing vehicle costs, improving manufacturing efficiency, faster release of vehicles and features, and differentiated consumer experiences. Southeast Asia is emerging as an important region in the mobility value chain. For KPIT, Vietnam represents both a strong local opportunity and a strategic gateway into a fast-evolving regional ecosystem. The new technology center will serve as a hub for engineering, innovation, and collaboration, supporting mobility programs across Southeast Asia and the broader Asia-Pacific region.

KPIT’s growing presence in Vietnam reflects its strategy of being close to the markets where mobility is being reimagined. The company already works with Mobility leaders across Germany, Japan, USA, China, India and other markets.

The Vietnam center has already employed several local engineers and will add 100+ positions in the near future.

Building a long-term talent ecosystem and job opportunities in Vietnam

As part of its long-term vision for the country, KPIT has also signed Memorandums of Understanding with Hanoi University of Science and Technology (HUST- is Vietnam’s first and leading technical university, known for its strong academic tradition, quality faculty, and research achievements); and VinUniversity (VinUni is a private, not-for-profit university built to international standards, with strategic collaborations with Cornell University and the University of Pennsylvania). These partnerships are aimed at strengthening industry-academia collaboration, developing next-gen Mobility talent, and creating huge job opportunities for students and young professionals in Vietnam.

Commenting on the expansion, Sachin Tikekar, President & Joint MD, KPIT Technologies, said, “Vietnam is an important long-term market and talent hub for KPIT in Southeast Asia. We see strong potential in its talent, energy, and pace of innovation, with both homegrown and global vehicle makers continuing to invest in the country. With our new technology center and partnerships with leading universities, we are committed to building local talent, creating high-quality jobs, and establishing a meaningful long-term presence in the region.” 

About KPIT

KPIT is reimagining mobility to create a cleaner, smarter, and safer world. With 25+ years of expertise, KPIT is transforming Software and AI-Defined Vehicles. www.kpit.com 

Media Contact

Sunil Ravish
Sr. Director – Marketing, Media Relations
sunil.r@kpit.com 

Photo: https://mma.prnewswire.com/media/2997180/KPIT_Vietnam_office_inauguration.jpg

 

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Vibefam Raises US$1 Million to Build an AI-Powered Operating System for Fitness Businesses

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SINGAPORE and NEW YORK, June 18, 2026 /PRNewswire/ — Vibefam, the all-in-one operating system for fitness businesses, announced the completion of a US$1 million seed funding round led by a Singapore-based family office with a strong track record of backing category-defining technology companies. In addition to capital, the investor brings deep operating insight and a network built through years of supporting founders and working alongside leading venture investors.

Today, Vibefam powers more than 700 fitness locations worldwide and serves over 500,000 end users. The platform supports a diverse range of fitness businesses, including Pilates studios, yoga studios, strength and conditioning gyms, dance academies, martial arts schools, and boutique fitness brands.

The investment will accelerate Vibefam’s mission to help fitness businesses launch, operate, and scale through a unified platform that combines operations, payments, customer engagement, and growth solutions within a single platform.

The funding comes at a time when fitness operators are increasingly seeking intelligent operating platforms that unify operations, payments, and customer engagement, replacing fragmented technology stacks and legacy software platforms.

“Fitness businesses deserve technology that works as hard as they do,” said Serene Lim, Co-Founder and CEO of Vibefam. “Many operators still juggle multiple disconnected systems to manage bookings, payments, customer communication, marketing, and reporting. We’re building a platform that brings everything together, helping businesses operate more efficiently while delivering better experiences to their customers.”

The newly raised capital will primarily be invested into artificial intelligence and embedded financial services, two areas the company believes will fundamentally reshape how service businesses operate.

In July 2026, Vibefam will launch Vibe AI, a messaging-native customer engagement platform that allows members to interact with fitness businesses through natural conversations. From answering enquiries and recommending classes to completing bookings and re-engaging inactive customers, the platform helps businesses deliver instant service at scale without increasing administrative workload.

The company is also expanding its embedded finance capabilities through a growing network of financial partners, enabling eligible businesses to access funding directly within the Vibefam platform to support expansion, hiring, equipment purchases, and working capital needs. By leveraging operational data already available on Vibefam, eligible businesses can gain faster access to growth capital with significantly reduced paperwork and approval times.

“We believe the future of business software will be proactive, intelligent, and deeply embedded into the daily operations of every business,” Lim added. “The opportunity extends far beyond managing bookings and payments. We’re building infrastructure that helps fitness businesses acquire customers, automate operations, access capital, and make better decisions every day.”

The funding will support continued product development, strategic hiring, and the expansion of Vibefam’s AI and embedded finance capabilities as the company continues its evolution into a comprehensive operating system for fitness businesses.

About Vibefam

Vibefam is an AI-powered operating system for fitness businesses. The platform helps gyms, studios, and wellness operators manage scheduling, memberships, payments, customer engagement, reporting, and growth from a single platform. Today, Vibefam powers more than 700 fitness locations worldwide and serves over 500,000 end users.

Vibefam is also backed by leading early-stage investors including Hustle Fund and Ignite Asia, alongside strategic investors and operators from the fitness and wellness industry who bring deep expertise in building and scaling consumer and service businesses.

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SOURCE Vibefam

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