Mr. Justin Holland reports

EGUANA TECHNOLOGIES AND ICARUS ENERJI COMPLETE DISTRIBUTION AGREEMENT

Eguana Technologies Inc. is introducing Icarus Enerji Ltd. as its distribution partner covering Turkey, and Middle East, Africa and Central Asia. Icarus, founded in 2016 by a group of international renewable energy executives, who also have been involved in specifically lithium-ion battery technologies for several years.

"Icarus has extensive experience in solar and renewable energy with expertise in moving products in the Middle East," said Justin Holland, chief executive officer at Eguana Technologies. "The region is relatively untapped from a storage perspective and we are looking forward to distributing Eguana products through Icarus's local networks."

"Eguana's residential Evolve product's simple modular approach will do very well in Middle East markets," said Eren Engur and Hakki Karacaoglan, co-founders of Icarus. "Being partnered with LG Chem and endorsed by Mercedes Benz Energy confirms the reliability and performance we were looking for in our storage solutions."

About Eguana Technologies Inc.

Based in Calgary, Alta., Canada, Eguana Technologies 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 energy storage solutions for solar self-consumption, grid services and demand charge applications at the grid edge.

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