Eguana Technologies Inc. (EGTYF)

[Jagwire]

North American AC Battery revenue was up slightly, however orders decreased across the quarter as a result of application approval delays at the Hawaiian Electric Company (HECO) causing permitting and installation delays in Hawaii. "NextEra's cancelled bid for HECO should facilitate the permitting process and kick start installations on the islands," commented Holland. "We remain well positioned with our partner E-Gear to reach our 30% market share objectives, but the net result of the HECO delays will cause a delay in our calendar year-end profitability target."