Mr. Justin Holland reports

EGUANA TECHNOLOGIES APPOINTS FORMER MERCEDES-BENZ ENERGY BUSINESS DEVELOPMENT MANAGER AS DIRECTOR OF SALES NORTH AMERICA

Eguana Technologies Inc. has appointed Livio Filice, former energy storage business development manager for Mercedes-Benz Energy, as director of residential sales, North America.

Prior to his engagement with Mercedes-Benz Energy, Livio joined Sonnen Inc. as Sales Manager for the Americas, where he was responsible for establishing the first-ever distribution network for intelligent lithium energy storage systems in North America.

"Eguana's core expertise is in the development of power electronics and their integration with energy storage devices. System integration is very complex and remains a significant entry barrier to the market. It is in my opinion that Eguana's expertise and technology ownership will be the factor that quickly advances the company beyond its competitors," stated Livio. "Eguana's fully integrated residential energy storage system, coupled with its competitive price point, is the ideal solution for solar and electrical contractors to market and install. I am thrilled to bring Eguana's energy storage solutions to channel partners across North America and the Caribbean."

"At Mercedes-Benz Energy and Sonnen Inc., Livio was responsible for introducing residential lithium energy storage systems to the market through the establishment of a high-quality continental distribution networks," commented Justin Holland, Eguana CEO. "Bringing market expertise and having an existing network to draw on we expect Livio will expedite our growth across North America."

Ab

out 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 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.

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