Mr. Brent Harris reports

EGUANA S EVOLVE NOW AVAILABLE ACROSS AUSTRALIA THROUGH AC SOLAR WAREHOUSE

Eguana Technologies Inc.'s Evolve product is now available for immediate purchase by solar installers across Australia through its distribution partner, AC Solar Warehouse.

Australia is the world's fastest-growing market for residential energy storage and is driven by a combination of factors that exist individually in other markets. Eguana Technologies' Evolve delivers backup power and solar self-consumption performance that can be optimized for various tariff structures across the country to deliver significant electricity bill savings for customers. In addition to these standard features, Evolve delivers advanced capabilities to open additional savings and revenue streams for customers under innovative demand response and virtual power plant (VPP) programs being established to increase grid reliability and offset the need for expensive new peaking and ancillary service facilities.

"We are proud to be able to launch Evolve into the Australian market through an established distributor like AC Solar Warehouse," commented Brent Harris, chief technology officer for Eguana Technologies. "Owners Grant and David have built their business around a philosophy of technical expertise and advanced technology solutions, and we look forward to working closely with them to expand the availability of Eguana's products to this sophisticated and rapidly growing market."

Evolve -- home energy storage systems

Evolve is a fully integrated residential energy storage system that includes the company's proprietary power electronics system, LG Chem low-voltage battery modules and a comprehensive user interface. The system is rated at five-kilowatt AC (air conditioning) output with a modular battery design based on a 6.5-kilowatt-hour battery, which is scalable from 13 kwh to 39 kwh in storage capacity. The NEMA 3R wall-mounted package is suitable for indoor and outdoor installations. The package is backed by a 10-year standard warranty. Evolve supports grid-connected solar self-consumption, time of use and backup power. It is certified to AS4777 and is available in Australia.

About Eguana Technologies Inc.

Based in Calgary, Alta., Canada, Eguana Technologies designs and manufactures high performance residential and commercial energy storage systems. Eguana Technologies 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 Technologies 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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