Eguana Technologies Inc. (EGTYF)

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Hawaii likes Eguana!!!

Eguana's AC battery distributed by Rexel

2015-11-18 09:16 ET - News Release

Mr. Vishwas Ganesan reports

REXEL AND GEXPRO TO BEGIN DISTRIBUTION OF EGUANA TECHNOLOGIES "AC BATTERY"

Eguana Technologies Inc. and Rexel Holdings USA Corp., through its subsidiaries General Supply and Services, Gexpro, and Rexel Inc., a leader in the distribution of electrical supplies and services, began initial AC battery deliveries this month.

"After a lengthy search for a certified grid-ready storage solution for residential applications, we selected Eguana's AC battery based on its battery and integration flexibility, power range, and, most importantly, the field run time and experience," said Mike Seavey, Gexpro National Solar manager.

Rexel is one of the largest energy distributors in the world, with over 2,300 branches spread across 38 countries. "Rexel's extensive network and experience in the energy sector will provide a strong foundation for the launch our innovative residential AC battery into the distribution channel," commented Brent Harris, chief technology officer of Eguana Technologies. "We look forward to building out the product line with Rexel."

Under the terms of the agreement, Eguana will supply its AC battery solution based on its patented power control system (PCS), and Gexpro will complete the product integration with Geli's advanced energy management software and LG Chem's lithium-ion battery to offer turnkey energy storage systems, coupled with financing options to its extensive network of electrical and solar pholtovoltaic installers, product wholesalers and distributor base under its own brand.

The companies are presently co-ordinating training programs and sales and marketing efforts with a focus on Southern California, Hawaii and Arizona. Volumes are expected to accelerate in these markets during the first quarter of 2016.

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