Eguana Technologies Inc.

Eguana Technologies Inc.

June 05, 2015 21:38 ET

Eguana Technologies Appoints New Chief Financial Officer

CALGARY, ALBERTA--(Marketwired - June 5, 2015) - Eguana Technologies Inc. (TSX VENTURE:EGT) ("Eguana" or the "Company") is pleased to announce the appointment of Ms. Patricia Dahm CA as Chief Financial Officer of the Company. Ms. Dahm replaces Michael Dalton who is leaving the Company for personal reasons.

Ms. Dahm is a Chartered Accountant, who has been in public practice since 1985. She specializes in accounting and the implementation of quality control systems and has been consulting to Eguana for several years in connection with the conversion of financial and accounting systems to IFRS. Ms. Dahm was an Associate Partner for five years at Deloitte, which was also the Company's auditor for many years.

The Company has granted Ms. Dahm 150,000 options to acquire common shares under the Company's Stock Option Plan at an exercise price of $0.31 per share.


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 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.

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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 potential growth in the energy storage market; and statements concerning the features of our Bi-Direx platform and its value for energy storage systems. 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 Management Discussion and Analysis related to its 2013 Annual Financial Statements. 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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