Eguana to Issue $1.0 Million Flow-Through Exchangeable LP Units

CALGARY, ALBERTA--(Marketwired - Dec. 22, 2015) - Eguana Technologies Inc. (TSX VENTURE:EGT) (or the "Company"), a technology leader in power conversion and control systems for distributed energy storage announced today that it is raising $1.0 million by way of a private placement (the "Private Placement") of limited partnership units ("LP Units") of its subsidiary EGT Marketed Limited Partnership at a price of $1,000 per LP Unit. EGT has the right to acquire the LP Units in exchange for common shares in the capital of EGT (the "Common Shares") after December 31, 2015, and on or before March 31, 2016 at an exchange rate of 9,091 Common Shares for one LP Unit. Thereafter, EGT has the right to acquire the LP Units in exchange for Common Shares at an exchange rate of 13,636 Common Shares per LP Unit.

In connection with the Private Placement the Company expects to (a) pay an aggregate cash commission of 5% of the gross proceeds of the Private Placement; and (b) issue non-transferrable finder's warrants exercisable for a period of 12 months to purchase Common Shares at a price of $0.11 per Common Share (the "Finder's Warrants"). The number of Finder's Warrants will be equal to 5% of the Common Shares issued on exchange of the LP Units.

The proceeds of the Private Placement will be used to (a) accelerate the commercial launch of the North American AC Battery; (b) complete the integration and launch of the European AC Battery; (c) initiate cost reduction activities to maintain market leadership; (d) accelerate transition to contract manufacturing to support US and European, and Japan market growth; and (e) continue increasing engineering and development capacity to support customer integration requests.

Closing of the Private Placement is expected to occur on December 31, 2015.

The Private Placement remains subject to the final approval of the TSX Venture Exchange. All LP Units will be subject to an indefinite hold period, and all Common Shares issued in exchange for LP Units or on exercise of the Finder's Warrants will be subject to a hold period or four months plus one day from the closing date of the Private Placement, in each case in accordance with applicable securities legislation.

About Eguana Technologies Inc.

Eguana Technologies Inc. (TSX VENTURE:EGT) designs and manufactures high performance power controls for residential and commercial energy storage systems. Eguana has more than 15 years' experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.

With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is the leading supplier of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

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

Forward Looking Information

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.