CALGARY, ALBERTA–(March 10, 2015) - Eguana Technologies Inc. (EGT:CA) , (“Eguana” or the Company”) a leading supplier of power control and conversion solutions for distributed energy storage systems is announcing the release of a UL1741 certified Bi-Direx power control system (“Bi-Direx PCS”) for North American markets. The North American Bi-Direx PCS is based on the previously released Bi-Direx global platform, which has more than 4,000 units shipped into European markets over the past 18 months for solar self-consumption applications.
Targeting distributed energy storage to support power quality and grid regulation, the US Bi-Direx PCS enables higher levels of solar penetration, especially in States like California, Hawaii, New Jersey and New York, without being disruptive to the power grid. Prototypes of the US Bi-Direx PCS have undergone extensive testing with several lead customers using a range of battery technologies in various control applications. First shipments of Eguana’s certified Bi-Direx PCS are scheduled for this month.
The 5kW Bi-Direx PCS is an energy storage power control system that operates at 48V, 120/240 split phase output supporting backup power and advanced control functionality addressing the residential and commercial grid tied markets. The Bi-Direx platform has been tested through the rigorous Highly Accelerated Lifetime Testing (HALT) process guaranteeing the quality of the components and product design. Bi-Direx unique low voltage design incorporates patented breakthrough technologies which allow it to deliver the highest round trip efficiencies in the industry, competitive product pricing, and an open control interface which allows maximum system flexibility accommodating a variety of power control approaches.
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 statements within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements concerning the value of the Company’s energy storage inverter; statements concerning growth potential for energy storage in European and North American markets; and statements concerning the economic drivers of distributed energy storage; planned production increases of our Bi-Direx product.
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 Risk Factors section of the Company’s Financial Statements and MDA for the Fiscal Period ending September 30 2014 which may be found on its website or at 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.
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