CALGARY, ALBERTA--(July 8, 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 is proud to announce it has been awarded funding from the Alberta Innovates Energy and Environmental Solutions (AI-EES) competition.
Alberta Innovates team of experts and external advisors chose only 5 technologies with the most potential for implementation to the power grid from an international competition of over 50 proposals. Only technologies demonstrating grid scale energy storage applications were accepted for review.
"This project, in conjunction with Enmax Energy Corporation, will support the development of a new advanced distributed storage product to be installed in commercial buildings to smooth renewable power output to the electrical system as well as peak shaving applications," commented Brent Harris CTO of Eguana Technologies. "We are very pleased with the AI-EES funding and will be selecting our battery partner in the coming weeks to finalize the integration process."
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.
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.
(o) +1.403.508.7177 ext. 111
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