Eguana receives additional $15 million microinverter order, The Canadian Business Journal

CALGARY, Alberta, November 30, 2022 (GLOBE NEWSWIRE) — Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) announced that it has received $15 million in additional orders for micro inverters. Shipments will begin in January, and full fulfillment is expected over the next two quarters.

Eguana CEO Justin Holland commented: “We recently launched a virtual training program for micro inverters and energy storage platforms on demand, enabling better and faster scalability within our installer community. We hope to improve and continue to receive regular orders.”

Eguana has confirmed it has achieved its $7 million backlog of micro inverters starting in June 2022 and has increased visibility into future orders and demand through its partners.

Eguana COO Brent Harris said: “We also expanded our geographic reach in the mainland and hope to continue to see higher order rates and continued sell-through in the future.”

About Eguana Technologies

Based in Calgary, Alberta, Canada, Eguana Technologies (EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures high performance residential and commercial energy storage systems. With 20 years of experience in providing grid edge power electronics for fuel cell, photovoltaic and battery applications, Eguana manufactures proven, durable We provide quality solutions.
With thousands of unique energy storage inverters deployed in European and North American markets, Eguana is one of the leading suppliers of power control for solar self-consumption, grid service and demand charging applications at the grid edge.

For more information, visit www.EguanaTech.com or follow us on Twitter. @EguanaTech

Inquiries about the company

Justin Holland
Eguana Technologies Co., Ltd. Representative Director
+1.416.728.7635
[email protected]

Forward-Looking Information

Readers understand that some of the information contained herein may constitute forward-looking statements within the meaning assigned by National Instruments 51-102 and other relevant securities laws. Please be aware that there is Specifically, it includes statements regarding the value of our power controls to the energy storage market and our ability to use the proceeds and obtain the necessary approvals from the TSX Venture Exchange.

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