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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 Mar 29, 2022 2:22pm
148 Views
Post# 34556230

More from CEO.ca

More from CEO.ca@BrentL WRT delays in the certification of the 10kW Evolve Max, the following is from the MD&A , published on March 1, 2022. Take it for what you will:

“Certification of the 10kW Evolve Max is expected to be complete by March 31st. In June 2021 interpretations of UL9540 2nd addition certification and UL9540A test reports by the California Fire Code became clear, which drove changes to installation requirements for large residential storage systems. In September 2021, IEEE1547.1 test procedures were published and found to be inadequate as it was not possible to generate the required test reports using the newly published procedures. Test procedures with the certifier have now been updated and all required modifications to the 10kW Max have been completed to all new standards.

The Company has also completed UL9540A testing for both the Evolve Max and the Evolve LFP and the Company expects that the final report will provide the safety clarity that regional safety inspectors have been looking for. Based on internal research by Eguana the Company believes they will be the first to meet the new standards with respect to fire propagation in residential systems.”
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