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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

Post by Digby8on Dec 20, 2021 7:11am
152 Views
Post# 34245990

Eguana Receives PowerCenter+ Opening Order

Eguana Receives PowerCenter+ Opening Order
Eguana Receives PowerCenter+ Opening Order
V.EGT | 9 minutes ago
CALGARY, Alberta, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) today announced it has received an opening order of 500 units representing 2.5MW from partner PowerCenter+, a subsidiary of Eguana manufacturing partner Omega EMS. The initial order, valued at approximately $6M, is related to the previously released manufacturing and licensing agreements between the parties to launch a premium line of home energy storage systems (ESS) based on Eguana’s patented energy storage platform.
“We are extremely excited to see all of the hard work bear fruit as our first ESS offering enters the market. This is our entre to bring effective, efficient and very reliable energy storage to homeowners. 2022 will be an explosive year as we gain a strong foothold and grow market share,” stated Chris Alessio, CEO of the Omega entities.
 
“Initial market feedback has been outstanding and our expectation is to see increasing orders quarter over quarter as we continue gaining momentum in the market. Brand management will also be key to achieving our growth objectives as we onboard additional channels and branches into the Eguana Certified family, and maintain product availability balance through supply chain activities for consistent and measurable growth,” commented Eguana CEO Justin Holland.
 
The PowerCenter+ premium solutions consist of a 5kW/14kWh base product with expandable battery capacity up to 42kWh, and an expandable 10kW/28kWh Whole Home Backup solution, each based on Eguana’s proprietary bi-directional advanced power controls platform. PowerCenter+ products are Virtual Power Plant (VPP) ready and come with a host of features including remote update, solar self-consumption, and Time of Use (TOU) rate shifting capabilities. The NEMA 3R wall-mounted package is suitable for indoor and outdoor installations. The package is backed by a 10-year warranty.
 
Both solutions are certified to UL1741, UL9540, California Rule 21, and Hawaii Rule 14H, 5kW product is immediately available across North American and the Caribbean with the 10kWh launching in January.
 
Interested parties may contact:
 
Eguana Technologies
Livio Filice
Director of Global Sales
Livio.Filice@EguanaTech.com
+1.905.929.7522
 
About Omega EMS:
 
Omega EMS was founded in 2015 on the heels of 10+ years of prior EMS experience in the Silicon Valley. With these many years of practice managing some of the most complex projects in the Silicon Valley, Omega understands the unique and dynamic support companies require for success. From PCB design, manufacturing engineering through material management, PCB assembly and test, Omega can handle any project from start to finish.
 
About PowerCenter+
 
Power Center+ formed in 2021 as a subsidiary to Omega EMS, we are committed to bringing the highest quality energy storage products to the market. Our mission is to raise the bar on energy storage system quality and reliability.
 
About Eguana Technologies Inc.
 
Based in Calgary, Alberta Canada, Eguana Technologies (EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe, Australia and North America.
 
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.
 
To learn more, visit www.EguanaTech.com or follow us on Twitter @EguanaTech
 
Company Inquiries
 
Justin Holland
CEO, Eguana Technologies Inc.
+1.416.728.7635
Justin.Holland@EguanaTech.com
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