Twitter Facebook LinkedIn YouTube

Eguana Technologies (TSXV:EGT) Feature Company

Video Platform Video Management Video Solutions Video Player

The company announced the launch of 2 new product lines for the residential and small commercial energy storage markets. The products will be on display at the California Solar Expo in San Diego next week on March 27-28 along with key partners LG Chem and Pason Systems supporting the launch.

Additional Information:

Company: Eguana Technologies
Website: http://www.EguanaTech.com
Stock Symbol: TSXV: EGT
Date Published: Mar 22, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Today’s feature company is Eguana Technologies, a leading designer and manufacturer of high performance energy storage systems.

The company announced the launch of 2 new product lines for the residential and small commercial energy storage markets.

The products will be on display at the California Solar Expo in San Diego next week on March 27-28 along with key partners LG Chem and Pason Systems supporting the launch.

Additionally, the event includes product training seminars and Eguana’s CTO Brent Harris will participate in a panel discussion Tuesday afternoon at the parallel ESNA Solar+Storage Summit.

Justin Harris, CEO, stated: “The introduction of mandatory advanced TOU rates for new solar installations in San Diego Gas & Electric territory marks the perfect time to build on our leadership position in Hawaii. These new rates are driving demand for storage solutions and we are especially pleased to be able to bring a pair of factory integrated UL9540 and Rule 21 certified energy storage systems to the market under the Eguana brand for the first time at this very moment.”

The Evolve residential and Elevate C&I product lines are equipped with deep, advanced integration between Eguana’s power controls and LG Chem’s lithium ion batteries.

According to leading research firm Navigant, the market for distributed energy storage systems will grow from less than 200 megawatts in 2014 to more than 12,000 megawatts of installed capacity by 2024, which represents a total market opportunity of $16.5 billion.

Eguana has more than 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 and North America.

With thousands of its proprietary power control systems deployed in the European and North American markets, Eguana is one of the leading suppliers of energy storage solutions for solar self-consumption, demand charge reduction, and grid services at the grid edge.

The company operates an in-house manufacturing line at their headquarters in Calgary, Alberta.

Through its global contract manufacturing partners, Eguana is able to add additional capacity quickly without requiring major capital investments.

The shares are trading at $0.23.

For more information, please visit the company’s website at www.EguanaTech.com, contact Justin Holland, CEO, at 416.728.7635 or by email at Justin.Holland@EguanaTech.com.

I’m Samantha Deutscher for Investmentpitch Media