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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 HardRockAngelon Feb 02, 2012 12:12am
373 Views
Post# 19478030

$7.25 Million charge to earnings

$7.25 Million charge to earnings

While the $7.25 Million is a charge against earnings in 2011, it's a far better charge than the Mosaid charge that went up in smoke.  The $7.25 Million is essentially a one time repayment against future liabilities of $2 Million plus a year.  I'd say, all in all, a good business decision.  Any company that has the cash on hand to eliminate that type of liability for that cost would do it in a heartbeat.  Let's move on.

HRA

Bullboard Posts