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Eguana Enters Australian Market and Expands AC Battery Applications
Calgary, AB – (May 9, 2016) – Eguana Technologies Inc. (TSX-V: EGT, OTCQB: EGTYF) continues to
deploy its AC Battery energy storage appliance and demonstrate its global capabilities and application
diversity as the AC Battery is integrated into an expanding range of control technologies. Eguana announced
today that it has begun shipments into solar applications in Australia, and for intermediate storage installed
alongside both public and home EV charging stations.
“The adoption of the AC Battery into EV charging applications was just a matter of time” commented Justin
Holland, Chief Executive Officer of Eguana. “EV charging is one of the fastest growing uses of electricity and
aside from reducing the impact of charging on the power grid storage enables a much higher value to be
extracted from the network infrastructure by enabling the delivery of grid services from these distributed
energy assets.”
Itochu Corporation is leading Eguana’s Australian market entry through the sales and marketing agreement
announced in November 2015. “Australia is currently the fastest growing energy storage market in the world
and feedback on our product capability, form factor, and the LG Chem Lithium Battery has been excellent,
addressing global markets was one of the key values in partnering with Itochu last fall” added Holland.
Eguana continues to focus internal efforts on broadening the product portfolio and growth in the US and
European solar+storage segment while these recent moves into new markets and applications further
diversify the company’s customer base and addressable market.
While the details of these partnerships remain confidential due to competitive concerns, further details will
be announced as Eguana’s customers finalize their market launch plans.
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About The AC Battery:
The Eguana AC Battery™ is a certified, grid ready power control solution pre-integrated with industry
leading Li-Ion batteries. Our solution can be seamlessly integrated with a local energy management system
or a distributed fleet control network using open communication protocols to provide a fully functional
energy storage installation. The AC Battery provides maximum flexibility for system aggregators which
want to deploy it as a standalone product, as part of new solar storage installations, or as a retrofit to
solar PV installations already in place.
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