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Eguana Technologies, Inc. (EGTYF)

Eguana Technologies, Inc. is one of the leaders in power conversion and control systems for distributed energy storage. The company designs and manufactures high performance power controls for commercial and residential energy storage systems. It is the foremost supplier of power controls for solar self-consumption, grid services, as well as demand charge applications at the grid edge. Listed on the OTCQB, Eguana Technologies is based in Calgary, Alberta.

Eguana Technologies is one of the leaders in power conversion and control systems for distributed energy storage. It delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America. Additionally, the company delivers grid edge power electronics for fuel cell, photovoltaic, and battery applications.

Eguana Technologies has thousands of its proprietary energy storage inverters installed in the European and North American markets. Its corporate vision is to become the top international supplier of intelligent power electronics for grid tied residential storage applications.

The company has its AC Battery™. The Eguana AC Battery is a total grid ready power control solution. It accepts dispatch commands from any control network utilizing open communication protocols. The AC Battery is constructed around Eguana's patented Bi-Direx power controls.

The AC Battery is 'control' ready. It can be commanded via a Sunspec-compliant ModBus interface using any third-party energy management system. The AC Battery is a suitable fit for small commercial and light industrial applications. It is compatible with all advanced battery technologies.

Eguana's Patented "pulsed step wave" technology takes a different approach to reducing conducted losses through sharing the current across parallel bridges and recombining into the AC output waveform by way of a unique transformer topology and advanced control software. The single power conversion step further lessens losses. Also, it allows quicker and more stable control loops than conventional inverters.

Recently, Eguana Technologies announced that Sossin Group LLC (New York based) teamed up with Swezey Fuel and National Energy Connection (NEC) to offer a complete solar + storage package for Long Island residents. In addition to electricity cost savings, Swezey customers will have complete back up power mode provided by the Eguana AC battery. The Eguana AC Battery can be purchased separately for back up power installations or as part of the total package.

Eguana Technologies also recently announced the completion of a multi-year master supply agreement with its German automotive partner. The multi-year contract has an initial year forecasted value of $13 million.

The delivery expectations are to be completed within this calendar year. The initial product release of $3.2 million has been received. Planned shipments will commence this coming May followed by three more product releases.




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