futrcash
3 years ago
Eguana Technologies Inc.
Tue, November 2, 2021, 1:00 PM
In this article:
EGTYF
0.00%
Partners with PowerCenter+ and Omega EMS for 10,000 Units
CALGARY, Alberta, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Omega EMS (EMS), PowerCenter+, and Eguana Technologies Inc. (Eguana) (TSX.V: EGT) (OTCQB: EGTYF) are pleased to announce they have entered into definitive agreements to launch a premium line of home energy storage systems based on Eguana’s proven technology and energy storage platform into North American and Caribbean markets.
Eguana, based in Calgary Alberta, Canada, designs and manufactures network enabled, grid interactive energy storage solutions (ESS) based on proprietary power control and fleet management technologies for residential and commercial applications. PowerCenter+, a subsidiary of Omega EMS based in San Jose, California, was created to bring new energy storage solutions to market for premium brands.
Under the terms of the agreements, PowerCenter+ has committed to a minimum volume of 10,000 systems over three years. Eguana has committed to certify versions of its existing 5kW/14 kWh expandable residential storage solution and its new 10kW/28 kWh full home backup solution for this premium product line.
Additionally, Eguana has completed a manufacturing agreement with PowerCenter+ parent company Omega EMS to manufacture systems in San Jose, California, including the provision of all non-battery working capital. Omega will produce both product lines with first shipments out of Omega EMS scheduled for the first week of November. The companies will also collaborate on future product development and market opportunities for home energy storage solutions.
“We are excited to engage in this strategic partnership with Eguana Technologies from many perspectives. The short list being USA based manufacturing, opening additional product sales avenues in N. America, and future collaborative technology development. These are compelling times for Omega EMS, PowerCenter+ and Eguana Technologies producing an incredible opportunity to excel in the budding energy storage market place. Buckle up,” stated Chris Alessio, CEO of the Omega entities.
“The partnership with the Omega entities was critical for us to significantly increase our manufacturing capacity and move towards our objective of 800-1000 units per month for North American markets. We also expect to see a step up with respect to product quality which inherently simplifies the installer and customer experience,” commented Eguana CEO Justin Holland. “We have also opened up our established distribution channels for both brands providing a shorter path to market for the premium brand.”
About Omega EMS:
Omega EMS was founded in 2015 on the heels of 10+ years of prior EMS experience in the Silicon Valley. With these many years of practice managing some of the most complex projects in the Silicon Valley, Omega understands the unique and dynamic support companies require for success. From PCB design, manufacturing engineering through material management, PCB assembly and test, Omega can handle any project from start to finish.
About PowerCenter+
PowerCenter+ formed in 2021 as a subsidiary to Omega EMS, we are committed to bringing the highest quality energy storage products to the market. Our mission is to raise the bar on energy storage system quality and reliability.
About Eguana Technologies Inc.
Based in Calgary, Alberta Canada, Eguana Technologies (EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of 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, Australia and North America.
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers 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 @EguanaTech
Company Inquiries
Justin Holland
CEO, Eguana Technologies Inc.
+1.416.728.7635
Justin.Holland@EguanaTech.com
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 pertaining to the value of our power controls to the energy storage market and statements concerning the use of proceeds and the Company's ability to obtain necessary approvals from the TSX Venture Exchange.
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 most recent audited Financial Statements 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.
futr
nowwhat2
3 years ago
This is quoted from someone who has composed what I've been thinking (this simply saves me from having to compose it myself !.....
Whatever happens with the broader market and economic forces, let's say markets are viewed as overbought soon or encounter headwinds of some kind, THIS sector and cleantech in general will be the first, or among the first, to receive extra support (tax credits, incentives, etc) because it is integral to the success of the incoming US presidential administration. Basically, we are insulated more than most from a bubble or whatever. Extra points for us vs alternatives outside this sector. Democratic Party control of the US Senate was a big deal, and that may explain some of the buying today (especially in the US), as the election results in the state of Georgia became very clear over the weekend.
https://ceo.ca/egt?510daa04e1a7
In March of 2019 a selloff appeared plausible.....and sure enuf it fell from .20 on down to .05
https://investorshub.advfn.com/boards/replies.aspx?msg=144295340
JBTYCOON1
4 years ago
NEWS! Eguana Announces Operational Update and 2019 Annual Results
CALGARY, Alberta, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Eguana Technologies Inc. ("Eguana" or the "Company") (TSX-V: EGT, OTCQB: EGTYF) today announced results for its fiscal year ended September 30, 2019.
“The team has worked diligently to build the largest order book in company history while successfully implementing our outsourced, low cost manufacturing model, and coordinating predictable deliveries from our supply chain” stated Eguana Chief Executive Officer Justin Holland.
Eguana’s operations team expedited the supply chain and by the end of the fiscal year reduced its lead times from 12 to approximately 6 weeks, positioning the Company to increase deliveries into a record and growing order book.
Holland continued, “I’m proud of the entire team. 2019 was a transitional year where a host of new product certifications were completed, consistent sales order growth has been achieved, and the bulk of the transition to low cost contract manufacturing has been executed. These objectives have brought predictability to the business which will drive improved financial metrics in the coming quarters.”
The Company’s Q4 revenue was over $825,000, compared to $119,000 for the fourth quarter 2018, with an additional $800,000 delivered into the Hawaiian market in the first half of October, after the September 30th quarter close. Manufacturing throughput will continue to increase as the transition to Jabil, of all inverter production, is completed by March, and additional benefits from increased working capital for North American orders are realized at that time.
The Consolidated Financial Statements and the Management Discussion and Analysis thereof are available on SEDAR at www.sedar.com
Fiscal 2019 Business Highlights
Completed multiple significant distribution and sales partnerships
Multi-year private label agreement with Hanwha Q-Cells, Europe’s PV leader and largest residential solar installer.
Agreement with South Australian government’s Home Battery Scheme and qualified for the virtual power plant program of the second largest utility, Simply Energy.
Completed Australian distribution partnerships with AC Solar Warehouse and Sharpe ERS for regional and national distribution coverage. Partnered and trained over 15 South Australian installation companies.
Announced dedicated California sales team, increased United States channel partners to +60, including distribution coverage through CED Greentech outlets.
Increased manufacturing and working capital capacity
Completed Master Supply Agreement with Jabil Circuit for product manufacturing and working capital support.
Completed agreement with Export Development Canada to provide additional working capital support.
Proved commercial capability in rapidly growing fleet aggregation and Virtual Power Plant applications with systems operational in Australia, mainland USA, and Hawaii.
Completed product certifications for the United Kingdom, France,
Australia, Ireland, and the Scandinavian countries
“With our products and channels fully developed, focus will shift to growing market share in our key geographies of Europe, United States, and Australia; cost reduction activities; and new product development through 2020.
European shipments are planned in the current quarter from our contract manufacturer, and assembly facilities have been added in Australia and Hawaii, alongside Calgary, giving Eguana in-market assembly capacity to manage growth” Holland added.
JBTYCOON1
4 years ago
NEWS!
Eguana Enters into Development Contract for Residential Energy Storage Systems
CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Eguana Technologies Inc. (TSX-V: EGT)(OTCQB: EGTYF) is pleased to announce that it has entered into a development contract with a leading renewable energy company, with significant investments throughout the energy storage supply chain, to develop and certify proprietary residential storage systems for distribution through its sales channels across global markets.
“The team is excited to integrate a leading energy storage software solution with our Evolve platform for major markets including the United States and Australia,” commented Justin Holland, CEO at Eguana Technologies. “The Company has maintained fleet aggregation and virtual power plants will drive substantial growth in all residential markets, this new initiative will deliver certified products perfectly positioning Eguana into both of those segments. Work has commenced, and we expect to begin prototype testing by the end of March 2020.”
"We were awarded this development contract in recognition of the advanced control and integration capabilities that have been built into our energy storage platform," said Brent Harris, Founder and Executive VP at Eguana. "There is no other product on the market that can be integrated so quickly and comprehensively into third party energy management systems and our experienced team supports our partners to ensure top performance for the partner's application."
The Company has confirmed the contract value of +$1 million and has received upfront payments of over $750,000 with the balance due upon successful product certification. The partner will distribute and sell the new product solution through their channels.
The identity of the partner and subsidiary company cannot be released at this time in order to maintain confidentiality and for competitive reasons.
whytestocks
5 years ago
News: $EGTYF Eguana Adds to Leadership Team - Appoints Senior Officer
CALGARY, Alberta, March 04, 2019 (GLOBE NEWSWIRE) -- Eguana Technologies Inc. ("Eguana" or the "Company") (TSX-V: EGT, OTCQB: EGTYF) is pleased to announce the appointment of Ms. Sonja Kuehnle, effective March 4, 2019, as Chief Financial Officer. Ms. Kuehnle is a Chartered Professional A...
Find out more https://marketwirenews.com/news-releases/eguana-adds-to-leadership-team-appoints-senior-officer-7797592.html
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Tibby
4 years ago
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