Mr. Justin Holland reports

EGUANA ANNOUNCES EXECUTIVE MANAGEMENT CHANGES

Eguana Technologies Inc. has made changes to its executive and senior management team to support the company's strategic growth plan and global rollout.

Daljit Ghotra has been promoted to chief technology officer overseeing all aspects of Eguana's technology strategy and development. In his prior role as director of engineering, Mr. Ghotra executed the development plan completing the Evolve, Elevate and Enduro product lines.

Brent Harris, one of the founders of the company, has been promoted to executive vice-president. Mr. Harris will continue to work on Eguana's product and market vision, as well as overseeing all aspects of the customer experience, branding and marketing.

Keith Johnston has been promoted to director of engineering. Mr. Johnston joined the company in November, 2015, and has contributed persistently to the success of the company's projects including leading the Elevate from conception to certification.

Greg Pollard will retire as interim chief financial officer of Eguana, effective Jan. 31, 2019. The company has completed its search for Mr. Pollard's replacement, who will be announced in the coming weeks. Mr. Pollard will remain with company to ensure a proper transition of duties and responsibilities has been completed.

The board of directors and the executive management team would like to take this opportunity to thank Mr. Pollard for his valuable contributions as interim CFO of the company and the company wishes him well in his retirement.

Eguana chief executive officer Justin Holland commented: "Mr. Pollard has brought stability and guidance to the senior team over the last couple of years along with financial best practice and policy, setting the company up to execute our global strategy. The appointments of Mr. Harris, Mr. Ghotra and Mr. Johnston will strengthen our core team infrastructure as we continue expand our capabilities in development and service."

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.

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