Mr. Justin Holland reports

EGUANA ENTERS INTO AN INVESTOR RELATIONS AGREEMENT WITH HYBRID FINANCIAL LTD.

Eguana Technologies Inc. has retained the services of Hybrid Financial Ltd. of Toronto, Ont. Hybrid is a leading investor relations and capital markets advisory firm servicing Canadian companies across North American markets. Hybrid will provide investor relations and communication services to Eguana, subject to TSX Venture Exchange approval.

Hybrid has been retained for an initial term of six months. Upon expiry of the initial period, the agreement shall be automatically renewed on a monthly basis. Following the initial period, the company shall give written notice to terminate the agreement or hold the services in abeyance no less than 15 days prior to the end of a calendar month. Hybrid will be paid a monthly fee of $14,000, plus reasonable out of pocket expenses.

Hybrid has also been granted 250,000 options to purchase common shares of the company, exercisable at 19 cents per share. One hundred twenty-five thousand of the 250,000 options vest immediately and the remaining 125,000 options vest on April 2, 2019, with an expiry of Nov. 26, 2023. The grant of the options is subject to the terms of the stock option plan and the approval of the TSX Venture Exchange.

The company and Hybrid act at arm's length and Hybrid has no present interest, directly or indirectly, in the company or its securities. The fee paid by the company to Hybrid is for services only.

About Eguana Technologies Inc.

Based in Calgary, Alta., Canada, Eguana 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.

We seek Safe Harbor.