Eguana Technologies Inc V.EGT

Alternate Symbol(s): EGTYF

Industrials

Eguana Technologies Inc. is a Canada-based company, which designs and manufactures residential and commercial energy storage systems. The Company is engaged in delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers various solutions from its manufacturing facilities in Europe, Australia and North America. The Company supplies energy storage systems for solar self-consumption, grid services and demand charge applications at the grid edge. The Company’s product lines are based on patented, software-driven, advanced power control technology platform. Its products include Evolve and Elevate. Its Evolve is a storage solution for homes large and small, which provides a fully automated backup solution for multi-day power outages. Its Elevate is engineered to reduce peak loads and reduce demand charges for small commercial and industrial applications.

TSXV:EGT - Post by User

Eguana Technologies Inc

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Comment by ElectricFuneralon Jul 24, 2015 12:44am

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Post# 23955421

RE:Company Pivot

shawshank wrote:

Que the company pivot mid year in not being able to close with their former partner:

"The transition to selling the higher value AC Battery in the US will result in reduced shipments in the near term until US deliveries begin to ramp later this year. (guiding for lower revenue Q over Q and Y over Y) Revenues per unit, as well as margin contributions on the AC Battery sales, will be materially higher compared to sales of Bi-Direx units. (Higher Price Points than previous focus) The product transition (company pivot) will drive a need for additional working capital by the end of this Quarter, (cash flow not sufficent to meet operational needs) and the Company had already been engaged with potential debt lenders to meet these requirements.(not a big fan of debt financing in the small cap space).

Enguana not being able to close with Company S came IMO at an inopportune time but this was probably in the works and known how negotations were going for quite some time-thus the pivot-to focus solely on the residential market and confined to the US maybe a result of having to stay thin that being neccessity vs strategy.

FWIW when it comes to the solar space-changes like this happen more often than not and I am not surprised when i see it happening...infact when it comes to solar you can almost predict it.

Storage still an issue for the sector and those that can address it should do well.

SS

Read more at https://www.stockhouse.com/news/press-releases/2015/07/23/eguana-and-sonnenbatterie-will-not-extend-supply-agreement#tt55CKjaUL4r1yKW.99