Eguana Announces 6th Consecutive Quarterly Increase

Press Releases  |

Successful AC Battery Launch with LG Chem

CALGARY, ALBERTA--(July 9, 2015) - Eguana Technologies Inc (EGT:CA) , ("Eguana" or the Company") a technology leader in power conversion and control systems for distributed, grid edge energy storage systems outlined its results for Q3 and outcomes of the AC Battery Product Launch at the recent Grid Edge Live conference in San Diego California.

"The market response has simply been amazing, we have had two very successful shows in the past month and are seeing new opportunities coming from all parts of the market and around the globe" commented Michael Carten CEO of Eguana Technologies. "In addition to the continued growth in Europe, we are seeing new demand from leading players in the US, Asia and Australia which we are confident will convert to channel partnerships during the current Quarter and increased revenue growth this year and into 2016."

About The AC Battery:

The AC Battery is a pre-integrated and fully certified energy storage system which requires only a grid connection and a dispatch signal to provide a fully functional and durable energy storage installation to the consumer. The AC Battery provides maximum flexibility for system aggregators which want to deploy it as part of new solar storage installations or as a retrofit to solar PV installations already in place.

About EGUANA TECHNOLOGIES, INC:

Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and manufactures intelligent, high performance, low-voltage power control and conversion solutions for smart grid and micro-grid energy storage systems. Eguana's patented software configurable platform enables energy storage systems to optimize the lower cost, modularity and safety advantages of low voltage advanced battery technologies at a much lower cost, and with greater design flexibility than is possible with conventional power electronics solutions.

To learn more, visit www.EguanaTech.com or follow us on Twitter, https://twitter.com/EguanaTech.

Forward Looking Information

The reader is advised that some of the information herein may constitute "forward-looking information" within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include statements concerning our market position and customer response to the AC Battery, statements concerning reported revenue for Q3 2015, and statements concerning the potential for new channel partnerships and increased revenues during our 2016 fiscal year



Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Many factors could cause the Company's actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. Readers are also directed to the risks identified in the Company's disclosure documents, which may be found on its website, or at www.sedar.com.

The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Eguana Technologies Inc.
Michael Carten
CEO
(o) +1.403.508.7177 ext. 111
(m) +1.403.630.9544
michael.carten@EguanaTech.com

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Millennium Blockchain Inc

THC Therapeutics Inc is a health and healing company in the cannabis industry. The Company is engaged in developing dHydronator which is used to reduce moisture and effectively dry out…