Maximo Solar and Eguana Technologies Complete Master Distributor Agreement for Eguana’s Evolve Smart Energy Storage System in Puerto Rico
CALGARY, Alberta, July 26, 2018 (GLOBE NEWSWIRE) -- Eguana Technologies (TSX.V:EGT) (OTCQB:EGTYF) is pleased to appoint Maximo Solar (Maximo) as a Master Distributor in Puerto Rico for the Evolve – Home Energy Storage System. Evolve systems are immediately available through Maximo with first installations scheduled in September.
Maximo Solar is actively marketing the Evolve – Home Energy Storage System to both new and existing solar customers and converting customers from other energy storage systems with significantly longer lead times.
In 2017, Puerto Ricans experienced power outages caused by hurricanes that left entire urban regions without electricity for weeks and rural dwellers with no power for months. Traditional standby generators, which assume the availability of a fuel source, are not a reliable power source beyond short duration power outages. These factors are driving the demand for solar plus storage systems, which act as a low-cost, perpetual backup power source while offering various advanced energy management controls, an appealing user interface, and an extended warranty.
“Our customers demand top product solutions that are available today to serve their energy needs in the wake of the 2017 storms that took out the power grid in Puerto Rico,” stated Maximo Torres, President of Maximo Solar. “Eguana’s Evolve has been tested and endorsed by top companies. We are looking forward to delivering the Eguana’s to our customers.”
“We’ve set out to establish strong partners throughout the Caribbean to open essential markets for Eguana energy storage systems,” said Livio Filice, Director of Residential Sales, North America. “This is a significant step forward in the company’s sales strategy and we are thrilled to be working with Maximo, a highly established and competent organization with deep roots in local markets.”
“It was important not to simply rush into the Puerto Rican market for promotional purposes and to understand how the market place would change as grid 2.0 was being developed in Puerto Rico, and how the people’s energy needs would be served,” added Justin Holland, Eguana CEO. “Maximo has demonstrated a long-standing commitment in the region to deliver solutions and we are looking forward to being part of the growing change with them.”
Maximo Solar is scheduled to become an Eguana-certified installer in September 2018, with initial installations commencing in the same time frame. A container shipment of Evolve systems will be delivered to Maximo Solar over the next 60 days. Evolve energy storage systems will continue to be deployed throughout the balance of this year.
