CALGARY, Alberta, Jan. 29, 2018 (GLOBE NEWSWIRE) — Eguana Technologies Inc. (TSX-V:EGT) (OTCQB:EGTYF), one of the leaders in adeptness about-face and ascendancy systems for broadcast activity storage, is admiring to announce the achievement of a multi-year adept accumulation acceding with its German automotive partner.
“We accept connected to assignment with our accomplice over the accomplished two years, accouterment adeptness controls adeptness through assorted development cycles, abstruse assay and acreage trials” declared Justin Holland, Eguana Technologies CEO. “Maintaining this important accord was analytical to Eguana’s continued appellation success and our allegation has resulted in a clandestine characterization acceding for our AC Array in one of the fastest growing residential accumulator regions.”
The multi-year arrangement has an antecedent year forecasted amount of $13 actor with commitment expectations to be completed aural agenda 2018. The antecedent artefact absolution of $3.2 actor has additionally been accustomed with planned shipments alpha in May followed by 3 added artefact releases.
For aggressive reasons, and at the appeal of our partner, both the German automotive partner’s name and antecedent ambition jurisdictions will abide arcane at this time.
About Eguana Technologies Inc.
Eguana Technologies Inc. designs and articles aerial achievement adeptness controls for residential and bartering activity accumulator systems. Eguana has added than 15 years’ acquaintance carrying filigree bend adeptness electronics for ammunition cell, photovoltaic and array applications and delivers proven, durable, aerial affection solutions from its aerial accommodation accomplishment accessories in Europe and North America.
With bags of its proprietary activity accumulator inverters deployed in the European and North American markets, Eguana is one of the arch suppliers of adeptness controls for solar self-consumption, filigree casework and appeal allegation applications at the filigree edge.
To apprentice more, appointment www.EguanaTech.com or chase us on Twitter @EguanaTech
Company InquiriesJustin HollandCEO, Eguana Technologies Inc. [email protected]
Forward Looking Information
The clairvoyant is brash that some of the advice herein may aggregate advanced statements aural the acceptation assigned by National Instruments 51-102 and added accordant balance legislation. In particular, we include: statements pertaining to the amount of our adeptness controls to the activity accumulator bazaar and statements apropos the use of gain and the Company’s adeptness to access all-important approvals from the TSX Venture Exchange.
Forward-looking advice is not a agreement of approaching achievement and involves a cardinal of risks and uncertainties. Many factors could account the Company’s absolute results, achievement or achievements, or approaching contest or developments, to alter materially from those bidding or adumbrated by the advanced information. Readers are cautioned not to abode disproportionate assurance on advanced information, which speaks alone as of the date hereof. Readers are additionally directed to the Risk Factors area of the Company’s best contempo audited Financial Statements which may be begin on its website or at sedar.com. The Company does not undertake any obligation to absolution about any revisions to advanced advice independent herein to reflect contest or affairs that action afterwards the date hereof or to reflect the accident of hasty events, except as may be appropriate beneath applicative balance laws.
Neither the TSX Venture Exchange nor its Regulation Casework Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
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