NEWS RELEASE -UPTICK22 Apr 2014 08:45 ET Marketwire Canada Eguana Technologies Inc ("Eguana") (TSX VENTURE:EGT), a leading manufacturer of high performance power electronics for "smart grid" energy storage, announced today that it and Sonnenbatterie GmbH ("Sonnenbatterie") have agreed to a number of changes to their supply and license agreements that are intended to optimize operational synergies between the two companies and to globalize Sonnenbatterie's holistic solution to self consumption of low cost solar energy for lifestyle energy management. Under the new supply agreement, Eguana will manufacture for Sonnenbatterie a fully integrated electronics enclosure that meets smart grid standards for all the leading residential energy storage markets. In addition to the Bi-Direx power inverter, Eguana will integrate additional functionality that is currently sourced by Sonnenbatterie from outside suppliers to enable a less complex, highly scalable platform that can be easily assembled close to local demand. The agreement will also amend the supply and license agreements to include US residential applications, in addition to European markets currently served by Sonnenbatterie. Eguana has already shipped more than 1,000 Bi-Direx units to Sonnenbatterie since entering into the first supply agreement in May, 2013. Sonnenbatterie was recently ranked # 1 in key customer satisfaction surveys for the rapidly growing home solar energy management market conducted by EUPD Research and is the #1 supplier in Germany (approx. 50% market share) for lithium based energy storage systems. EUPD Research is predicting that the German market for solar energy lifestyle solutions will grow from an estimated 6,000 units in 2013 to 100,000 units per year by 2018. See: https://reneweconomy.com.au/2014/solar-storage-demand-tipped-boom-germany-15695 Commented Sonnenbatterie CEO Christoph Ostermann: "In our opinion Eguana has the most advanced smart grid energy storage inverter in the market, and an exceptionally strong power electronics and operations team. We are going to continue to work with Eguana to explore ways to expand our unique partnership."