Eguana Technologies Inc.

TSX VENTURE : EGT


Eguana Technologies Inc.

March 26, 2014 09:27 ET

Eguana Technologies Commissions BiDirex Production Line in Durach Germany

Company Expands Capacity to Deliver World's Leading "Energy Storage" Inverter

CALGARY, ALBERTA--(Marketwired - March 26, 2014) - Eguana Technologies Inc (TSX VENTURE:EGT), a manufacturer of high performance power conversion and control systems for "smart grid" and "micro-grid" energy storage applications is pleased to announce completion of the installation and commissioning processes for its high volume BiDirex manufacturing line at TQ Systems ("TQS"), formerly SRI Radio Systems GmbH, in Durach Germany.

"Along with the production line and quality test set up, key TQS personnel have been trained in BiDirex assembly and the first units are already coming off the line," commented Spyros Gorgogiannis, Eguana's lead power electronics engineer located in Germany.

The "Made in Germany" Bi-Direx product is available inside the market leading Sonnenbatterie Comfort suite of products. "Having full scale manufacturing capability centered in the heart of the demand region will provide a host of Supply Chain opportunities for Eguana" added Eguana's COO Justin Holland. "These include increased capacity, significant logistics savings, as well as state of the art testing facilities allowing us to providing world class quality and service to our partners in the European region."

Eguana will continue to manufacture Bi-Direx inverters for customers in North American and Asia at its facility in Calgary Alberta. Eguana's manufacturing model and its world class supply chain management team provides maximum flexibility to ramp production with minimal working capital and respond quickly to changes in demand mix.

About Eguana Technologies Inc:

Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and manufactures intelligent high performance low-voltage power electronics platforms for distributed smart grid and energy storage applications. Eguana's 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.

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

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 features of our energy storage inverter 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 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.

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