"Grid Ready - Battery Ready - Dispatch Ready" AC Battery is a First for U.S. Energy Storage Markets
SAN DIEGO, CALIFORNIA--(June 23, 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 will unveil its innovative AC Battery to the industry today for the first time at Green Tech Media's Grid Edge Live conference in San Diego, California.
The Grid Edge Live Conference is a focal point for utilities, regulators, and technology providers to define the nature of operations management, investment, and third party participation in the utility of the future.
Eguana's AC Battery creates a critical new product category for utilities and other service providers, supporting batteries from an expanding range of vendors and accepting dispatch commands from any control network using open communication protocols. As previously announced, (News Release: April 22, 2015) Eguana has combined its AC Battery with LG Chem's leading lithium ion battery to deliver a fully integrated premium home energy storage solution. With built in battery protection, the AC Battery gives the integrator total flexibility to meet their operational objectives.
Eguana's CTO, Brent Harris, will join a panel of industry leaders to discuss the rise of intelligent distributed assets: software enabled, grid connected consumer infrastructure in U.S. market. Residential and small commercial storage systems are the most flexible and transformative consumer infrastructure assets and their capabilities will change the relationship between consumers and their utilities. Eguana is embracing the opportunity to be a key contributor to shaping the relationship between the utility of the future and its customers.
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.
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 the potential for the AC battery becoming a new product category; statements concerning the ability of the AC battery to protect batteries potential growth in demand for residential solar storage in Hawaii; the capability of the AC Battery to enable advanced battery technologies to be deployed for residential systems in the United States and to optimize performance of multiple battery technologies
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
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