Eguana Receives 5MW from the Omega Group

Calgary, Alberta, CANADA


CALGARY, Alberta, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) today announced it has received a follow on order of 1,000 units, representing 5MW, from the Omega Group, which also includes Eguana manufacturing partner Omega EMS. The order, valued over $11 million, is related to the rapid uptake of product primarily through select CED GreenTech branches across the United States.

“We have been systematically onboarding CED GT branches who have been providing immediate purchase orders for the premium branded product, to date branch orders have surpassed 12 million in just over 8 weeks,” commented Livio Filice, Global Director of Sales. “We anticipate consistent order growth as more branches come onboard and we continue to grow our distribution networks.”

“We are overcoming supply chain challenges daily and anticipate a significant jump in product availability in the April through June time frame. Additional test stations have been planned and commissioned, which also increases our manufacturing capacity to accommodate the growing demand,” added Eguana CEO Justin Holland.

The Omega Group’s premium solutions consist of a 5kW/14kWh base product with expandable battery capacity up to 42kWh, and an expandable 10kW/28kWh Whole Home Backup solution, each based on Eguana’s proprietary bi-directional advanced power controls platform. Both solutions are Virtual Power Plant (VPP) ready and come with a host of features including remote update, solar self-consumption, and Time of Use (TOU) rate shifting capabilities. The NEMA 3R wall-mounted package is suitable for indoor and outdoor installations. The package is backed by a 10-year warranty.

Interested parties may contact:

Eguana Technologies
Livio Filice
Director of Global Sales
Livio.Filice@EguanaTech.com
+1.905.929.7522

About Omega EMS:

Omega EMS was founded in 2015 on the heels of 10+ years of prior EMS experience in the Silicon Valley.  With these many years of practice managing some of the most complex projects in the Silicon Valley, Omega understands the unique and dynamic support companies require for success. From PCB design, manufacturing engineering through material management, PCB assembly and test, Omega can handle any project from start to finish.

About Eguana Technologies Inc.

Based in Calgary, Alberta Canada, Eguana Technologies (EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe, Australia and North America.
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

To learn more, visit www.EguanaTech.com or follow us on Twitter @EguanaTech

Company Inquiries

Justin Holland
CEO, Eguana Technologies Inc.
+1.416.728.7635
Justin.Holland@EguanaTech.com

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 pertaining to the value of our power controls to the energy storage market and statements concerning the use of proceeds and the Company's ability to obtain necessary approvals from the TSX Venture Exchange.

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 most recent audited Financial Statements 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.

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.

 



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