Eguana Technologies Inc.

Eguana Technologies Inc.

March 31, 2015 21:49 ET

Eguana Grants Key Employee Stock Options for 2015

CALGARY, ALBERTA--(Marketwired - March 31, 2015) - Eguana Technologies Inc. (TSX VENTURE:EGT), ("Eguana" or the Company") a leading supplier of power control and conversion solutions for distributed energy storage systems announced today that the Board of Directors has granted incentive stock options to acquire up to an aggregate of 2,366,070 common shares to key employees, officers and directors of the Company until March 31, 2025 at a strike price of $0.35 per share.

The incentive stock options, which represent the 2015 annual grant, vest over a period of 3 years, and are subject to certain conditions tied to Company performance.


Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and manufactures intelligent, high performance, low-voltage power control and conversion solutions for smart grid and micro-grid energy storage systems. Eguana's patented software configurable platform enables energy storage systems to optimize the lower cost, modularity and safety advantages of low voltage advanced battery technologies at a much lower cost, and with greater design flexibility than is possible with conventional power electronics solutions.

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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; statements concerning growth potential for energy storage in European and North American markets; and statements concerning the economic drivers of distributed energy storage; planned production increases of our Bi-Direx product.

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 Financial Statements and MDA for the Fiscal Period ending September 30 2014 which may be found on its website or at 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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