CALGARY, ALBERTA -- (Marketwired) -- 11/28/14 -- Eguana Technologies Inc (TSX VENTURE: EGT), ("Eguana" or the "Company") a technology leader in power conversion and control systems for residential, commercial, and light industrial energy storage systems is providing shareholders and other interested parties with guidance on revenues for its fiscal year ended September 30, pending publication of audited results for the fiscal year in December 2014, or early January 2015.
-- Revenues for the fiscal year ended September 30, 2014 are estimated to
be approximately $2.1 million primarily on sales of Bi-Direx power
control systems for Germany's solar self consumption market.
-- Demand in Germany is tracking higher during Q1, 2015, as expected; and
the Company's production line in Durach, Germany is executing to plan.
Eguana has posted an Investor Presentation on its website describing the Company's products and market opportunities for distributed energy storage. The Investor Presentation can be accessed at http://www.eguanatech.com/images/pdf/Eguana Investor Presentation 26-11-2014.pdf.
About EGUANA TECHNOLOGIES, INC:
Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. is a technology leader in power conversion and power control for advanced battery technologies in the lower power ratings that are needed in residential, commercial and light industrial energy storage applications.
A proprietary "open" control strategy allows Eguana's Bi-Direx platform to be to be easily modified to optimize the operating parameters of virtually any battery technology to deliver the highest performance and lowest cost solution in power ratings ranging from 1.8 kilowatts to 30 kilowatts.
To learn more, visit www.EguanaTech.com or follow us on Twitter, https://twitter.com/EguanaTech.
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 concerning the features of Eguana's power conversion and power control systems; Eguana's competitive position as a technology leader for advanced battery technologies and demand for its products.
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.
Contacts:
Eguana Technologies Inc
Michael Carten
CEO
+1.403.508.7177 ext 111
michael.carten@EguanaTech.com
www.EguanaTech.com
