CALGARY, Alberta, Sep 24, 2021 (GLOBE NEWSWIRE) – Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) is pleased to announce that it has been licensed for the energy management (EMS) of its long standing partner E-GEAR LLC. Under the agreement, Eguana will take control of the operation and development of the same cloud platform that it has used for several years in the US energy storage market and will also manufacture the site controller hardware. . Site controller firmware and the IoT network will continue to be developed and maintained by E-Gear LLC.

“This agreement is a win-win for E-GEAR and Eguana.” Commented Chris DeBone, co-founder of E-Gear, “We are monetizing the significant investment made over the years to develop our industry-leading energy management system, which offers control capabilities. and advanced surveillance. At the same time, we will continue to develop this product to make it an even more sophisticated engine of smart grid capabilities. “

“This step takes our integrated energy storage system forward in a very important way,” added Eguana Founder and Executive Vice President Brent Harris, “over the past few years we have worked closely with E -Gear to advance the fully integrated solution for consumers and position Eguana to provide grid services for recurring revenue streams. Under the agreement, Eguana will take control of the customer experience as we move forward. expansion into the United States and will deliver a complete virtual power plant solution directly to customers while simplifying the entire process.

The deal goes into effect immediately and the parties have begun a collaboration on the transition which is expected to take place over the next few months.

About E-GEAR LLC

E-GEAR LLC is a renewable energy innovation company providing patented and patent-pending grid edge energy management and storage solutions that provide intelligent real-time adaptive control, flexibility , visibility, predictability and support to energy consumers, energy service companies (ESCOs) and utilities.

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 in delivering power electronics to the edge of the grid for fuel cell, photovoltaic and battery applications, and provides proven, durable and high quality solutions from its manufacturing facilities. high capacity in Europe, Australia and North America.

With thousands of its proprietary energy storage inverters deployed in European and North American markets, Eguana is one of the leading providers of power controls for solar self-consumption, grid services and utility charging applications. demand at the edge of the network.

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

Company information requests

Justin holland
CEO, Eguana Technologies inc.
+1.416.728.7635
[email protected]

Forward-looking information

The reader is cautioned that some of the information contained in this document may constitute forward-looking statements within the meaning of National Instruments 51-102 and other relevant securities laws. In particular, we include: statements regarding the value of our power controls in the energy storage market and statements regarding the use of the product 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 actual results, performance or achievements of the Company, or future events or developments, to differ materially from those expressed or implied by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, which is only valid as of the date hereof. Readers are also directed to the Risk Factors section of the Company’s most recent audited financial statements, which can be found on its website or at sedar.com. The Company does not undertake to publicly disclose revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unforeseen events, except as may be required. by 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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