Eguana Technologies Inc V.EGT

Alternate Symbol(s): EGTYF

Industrials

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

Eguana Technologies Inc

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Post by Enersolon Mar 16, 2011 8:47am

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Post# 18291992

NEWS GUELPH & FINANCING

Sustainable Energy Secures Operating Line to Fund Initial  

Component Purchases for Production Start in GuelphSustainable Energy Technologies Ltd. (TSX VENTURE:STG)  

("Sustainable Energy" or the "Company") Canada's  

solar inverter company, announced today that it  

has secured an operating line commitment for up  

to $1.5 million from a Canadian Chartered Bank  

to fund component purchases for production start  

up in Guelph in May, 2011.Contributing to the need for capital is  

the Company's announced 23 MW supply   

agreement with tenKsolar (News Release  

dated March 16, 2011). The Company is  

currently selling products into the  

Ontario market and Europe from existing  

inventory, but must quickly increase  

production to meet growing demand for  

its SUNERGY inverters.Doughty Hanson has agreed to extend  

its previously announced standby   

equity agreement subject to specified   

conditions to March 1, 2012 as additional   

security for the operating line in exchange  

for which the Company will issue 4,848,484   

common share purchase warrants exercisable   

for a period of one year at   

.165 per share.About Sustainable Energy:Sustainable Energy (  www.sustainableenergy.com)
  

is Canada's solar inverter company. The   

Company's patented inverter technologies  

are a breakthrough in power inverter   

design and capabilities for all forms   

of distributed generation and smart  

grid applications.