Eguana Receives Additional Orders Following Hawaii Permitting Approval
CALGARY, ALBERTA and HONOLULU, HAWAII--(Marketwired - May 1, 2017) - Eguana Technologies Inc. (TSX
VENTURE:EGT)(OTCQB:EGTYF) announced today that it has received an additional C$2.5M purchase order for its residential AC battery
for the Hawaiian Customer Self Supply program from its partner E-Gear LLC.
"E-Gear installations began within days of being granted the expedited permitting approval process for the AC Battery and we
are now seeing predictability within the sales and ordering cycle for solar+storage in Hawaii," said Justin Holland, CEO of
Eguana. "Creating consistent and growing baseline demand with our factory integrated and certified AC Battery was a crucial step
for the Company and our expectation is to see quarter over quarter growth from the Hawaiian market as the state drives toward its
100% renewable energy target."
The Company also noted that E-Gear LLC has begun signing dealers in California and continues to expand its network in the
State with installations planned for this summer. California installers are scrambling to adopt more sophisticated energy
storage solutions to meet the advanced Rule 21 interconnection requirements which are set to become mandatory in September
2017. Many of the power control solutions that have been utilized for backup power focused systems in the past currently do
not meet the new grid interactive requirements. The Company has confirmed development and testing has been completed for the AC
Battery and BiDirex platforms to meet all Rule 21 interconnection changes. "The flexibility in our patented technology allows us
to respond very quickly to constantly changing grid interconnection requirements, both platforms already meet or exceed the new
rules" Holland added.
About E-Gear, LLC
E-Gear, LLC is a renewable energy innovation company offering proprietary patented and patent pending edge-of-grid energy
management and storage solutions. These systems provide intelligent real-time adaptive control, flexibility, visibility,
predictability and support to energy generating customers, renewable energy solution providers, energy service companies (ESCO's)
and Utilities.
About The AC Battery:
The Eguana AC Battery™ is a certified, grid ready power control solution pre-integrated with LG Chem Li-ion batteries. Our
solution can be seamlessly integrated with a local energy management system or a distributed fleet control network using open
communication protocols to provide a fully functional energy storage installation. The AC Battery provides maximum flexibility
for system aggregators which want to deploy it as a standalone product, as part of new solar storage installations, or as a
retrofit to solar PV installations already in place.
About Eguana Technologies Inc.
Eguana Technologies Inc. (TSX VENTURE:EGT) designs and manufactures high performance power controls for residential and
commercial energy storage systems. Eguana has more than 15 years' experience delivering grid edge power electronics for fuel
cell, photovoltaic and battery applications and delivers proven, durable, high quality solutions from its high capacity
manufacturing facilities in Europe and North America.
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is the
leading supplier of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.
To learn more, visit www.EguanaTech.com or follow us on Twitter
@EguanaTech
Forward Looking Information
The reader is advised that some of the information herein may constitute forward-looking statements within the meaning
assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements
pertaining to the value of our power controls to the energy storage market and statements concerning the use of proceeds and the
Company's ability to obtain necessary approvals from the TSX Venture Exchange.
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