Eguana Technologies Inc.
TSX VENTURE : EGT

Eguana Technologies Inc.

December 08, 2015 10:19 ET

Itochu and Eguana Complete Global Marketing Agreement

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2015) - Eguana Technologies Inc (TSX VENTURE:EGT), a technology leader in power conversion and control systems for distributed energy storage and Itochu Corporation, headquartered in Minato-ku, Tokyo, announced today the Companies have entered into a formal marketing agreement.

"We are very pleased to have Itochu as a partner, with their tremendous reach across the entire energy storage sector Eguana products will be marketed on a global scale" commented Justin Holland, CEO of Eguana. "We will begin with the launch of our commercial AC battery in the United States, followed by residential and commercial product availability for Japan and Europe in the second half of 2016."

"Eguana's technology flexibility and AC battery products are well designed to fill the current gap in small commercial and residential areas of the distributed energy storage market" said Hiroaki Murase Manger of Itochu, "we will leverage our experience and expertise within the energy community to promote and market the product globally."

Under the terms of the strategic alliance Itochu will provide non-exclusive marketing and sales agency services related to Eguana's residential AC battery and commercial AC battery. Eguana in turn will provide sales commissions for contracts negotiated on their behalf.

About Itochu Corporation.

With approximately 130 bases in 65 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, information and communications technology, realty, general products, insurance, logistics services, construction, and finance, as well as business investment in Japan and overseas.

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.

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