SAN FRANCISCO, CALIFORNIA and CALGARY, ALBERTA--(Marketwired - Aug. 6, 2015) - Growing Energy Labs, Inc. ("Geli"), a leading supplier of battery energy storage and microgrid control software, and Eguana Technologies Inc. ($EGT:CA) ("Eguana"), a market leader in power control and conversion solutions for distributed energy storage systems, have signed an agreement to pursue integration of Eguana's residential AC Battery with the Geli Energy Operating System ("Geli EOS"). As a first step, Eguana's AC battery now supports installation of the Geli EOS within its enclosure in minutes with no additional hardware, reducing installation time, cost, and space for residential storage solutions. Integrated system functionality includes time-of-use shifting, back-up power, and the ability to participate in grid aggregation services.
"Geli is excited to officially enter the residential vertical via this partnership with Eguana," said Geli CEO and co-founder Ryan Wartena. "Developer partners in the U.S. and abroad have been clamoring for a Geli-enabled residential solution; now we are able to offer a product that will connect homeowners with Geli's Internet of Energy platform."
"Eguana is thrilled to be able to add Geli and the Geli EOS to our growing list of supplier partnerships," said Eguana CTO and co-founder Brent Harris. "Several of our customers have already chosen Geli to automate their energy storage products and the Eguana - Geli collaboration will yield further cost reduction and enhanced performance as we engage on the partnership."
Gexpro Solutions is the first supplier to offer an integrated Geli - Eguana energy system. Gexpro's system also includes LG Chem lithium ion batteries and is now available for order.
Geli, short for Growing Energy Labs, Inc., provides software and business solutions to design, integrate, network, and economically operate energy storage and microgrid systems. At its core, the Geli EOS (Geli Energy Operating System) is a software platform that brings together energy storage, distributed generation, EV charging, and building controls as part of the Internet of Energy. Geli has projects deployed and in development in C&I demand management, commercial and military microgrids, municipal solar & EV charging, and multi-family buildings. Geli is headquartered in San Francisco, California. You can find Geli on the web at www.geli.net and Tweeting at @growingenergy
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.
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.
+1.403.508.7177 ext. 111 or (m) +1.403.630.9544