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Eguana Technologies Inc V.EGT

Alternate Symbol(s):  EGTYF

Eguana Technologies Inc. designs, markets, manufactures and sells fully integrated energy storage solutions, based on its power electronics platform, for global residential and commercial markets. The Company connects utilities with consumers, through its commercial and residential energy storage solutions. The Company also markets and sells a suite of micro inverter products, which are integrated with its energy storage platform, providing consumers with a full solar + storage system architecture for residential and commercial applications. The Company’s product lines are based on a 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

Bullboard Posts
Post by Enersolon Nov 16, 2009 10:39pm
248 Views
Post# 16493513

GEN 1

GEN 1

I wouldn't get too much hope up for GEN 1. Except for the one contract, we sold basically nothing of the production line. 10% of the remaining stock, according to the company, is being held for warranty purposes. (I suspect to replace failing units that were used in the project in Spain by Scheuten.) I always questioned a 10% failure hold. My belief is that the rest of the GEN 1's, not used for warranty purposes, will be written off at some point. There was a question of missing or defective units already written off. Never explained by the company. I have a basement full of old technology that can't be sold. Off to the dump and a write off. I should have listened to my wife in the first place and sold it off when I could have at a discount.

I also suspect that, based on Reduce's great research and his find on a Chinese manufacture advertising STG's inverter right down to STG's images of it on a website in China, that the company ran into problems there.
 
I questioned the company at the time and was only told that that website belonged to their manufacturer of the inverter. Shortly after my inquiries, the website disappeared and I could not receive any response from the company as to the meaning of it. I have suspicions that the product may have been sold off contract but there is absolutely nothing to substantiate it. I also suspect that the company was unaware of it until Reduce found the website and I started to make inquiries.

However from what I learned recently from my trip to China , I found the Chinese do have a knack of producing quality knock offs, often of equal quality to the original product. Indiscreet usage of product patent violations are also quite acceptable in the country. C'est la vie. A way of life. A tough lesson for those experiencing it for the first time in business.

Regardless....history.

I am not a pumper ( but rather an optomist for the most part with the company) and regardless of the investment I hold, I am not afraid to DIS the company at times or question their approach or lack thereof. (I'm sure no one has noticed).

All of that aside, I am a firm believer that we have a winner and we will be coming topside very shortly. Bring it on! It is certainly overdue but well worth waiting for.

Exciting times and rewards ahead!

IMHO.

Bullboard Posts