Eguana Technologies Inc. (EGTYF)

[JBTYCOON1]

NEWS!
Eguana Receives Additional Orders Following Hawaii Permitting Approval
CALGARY, ALBERTA and HONOLULU, HAWAII--(Marketwired - May 1, 2017) -

Eguana Technologies Inc. (TSX VENTURE:EGT)(OTCQB:EGTYF) announced today that it has received an additional C$2.5M purchase order for its residential AC battery for the Hawaiian Customer Self Supply program from its partner E-Gear LLC.

"E-Gear installations began within days of being granted the expedited permitting approval process for the AC Battery and we are now seeing predictability within the sales and ordering cycle for solar+storage in Hawaii," said Justin Holland, CEO of Eguana. "Creating consistent and growing baseline demand with our factory integrated and certified AC Battery was a crucial step for the Company and our expectation is to see quarter over quarter growth from the Hawaiian market as the state drives toward its 100% renewable energy target."

The Company also noted that E-Gear LLC has begun signing dealers in California and continues to expand its network in the State with installations planned for this summer. California installers are scrambling to adopt more sophisticated energy storage solutions to meet the advanced Rule 21 interconnection requirements which are set to become mandatory in September 2017. Many of the power control solutions that have been utilized for backup power focused systems in the past currently do not meet the new grid interactive requirements. The Company has confirmed development and testing has been completed for the AC Battery and BiDirex platforms to meet all Rule 21 interconnection changes. "The flexibility in our patented technology allows us to respond very quickly to constantly changing grid interconnection requirements, both platforms already meet or exceed the new rules" Holland added.

About E-Gear, LLC

E-Gear, LLC is a renewable energy innovation company offering proprietary patented and patent pending edge-of-grid energy management and storage solutions. These systems provide intelligent real-time adaptive control, flexibility, visibility, predictability and support to energy generating customers, renewable energy solution providers, energy service companies (ESCO's) and Utilities.

About The AC Battery:

The Eguana AC Battery™ is a certified, grid ready power control solution pre-integrated with LG Chem 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


Read more at http://www.stockhouse.com/news/press-releases/2017/05/01/eguana-receives-additional-orders-following-hawaii-permitting-approval#lAGmMOe8MUbEP1YZ.99