Eguana Appoints New CFO

CALGARY, ALBERTA--(Marketwired - May 3, 2014) - Eguana Technologies Inc (TSX VENTURE:EGT), ("Eguana" or the "Company") a leading supplier of high performance power conversion and control systems for "smart grid" and "micro-grid" energy storage applications, today announced the appointment of Sharon Penner as its new chief financial officer, effective April 16, 2014.

Sharon Penner, a Chartered Accountant, has over 20 years of industry experience including 5 with Eguana as Controller and Director of Finance during Eguana's initial years on the TSX-V. More recently, Sharon was Controller at Access Pipeline for over 6 years from inception of the project, through construction of the pipeline and development of Access Pipeline as an operating entity.

On April 16, 2014 the company issued 510,000 options to new officers, employees and consultants under its Employee Stock Option Plan at prices ranging between $0.40 and $0.44. Under the Stock Option Plan vesting of new options issued to employees and officers is subject, inter alia, to the Company achieving two consecutive Quarters of positive earnings before interest taxes and depreciation.

About EGUANA TECHNOL0GIES, INC:

Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and manufactures intelligent high performance low-voltage power conversion solutions for smart grid and micro-grid energy storage systems. Eguana's software configurable power electronics platform works with all the known battery technologies and is easily adapted to accommodate a wide range of battery operating parameters. Eguana's "universal" platform has been designed from the bottom up to be integrated directly into fuel cell and battery based energy storage and energy management systems to reduce cost and adapt to different form factors.

To learn more, visit www.EguanaTech.com or follow us on Twitter, https://twitter.com/EguanaTech.

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 concerning the value of the Company's energy storage inverter

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 current Annual Information Form 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.