Mr. Justin Holland reports

EGUANA AND VIRTUAL PEAKER INTEGRATE TECHNOLOGIES TO LEVERAGE ENERGY STORAGE TO BENEFIT POWER GRID TRANSFORMATION

Eguana Technologies Inc. and Virtual Peaker have integrated their respective technologies to provide utilities and consumers with dynamic options to leverage batteries to benefit the grid and reduce energy costs.

This partnership will allow utilities supported by Virtual Peaker's DERMS suite, Shift, to connect with any internet-connected Eguana energy storage system. Utilities can enroll, deploy, and manage BYOD demand response programs through Virtual Peaker's simple-to-use, integrated enrollment management framework. Eguana owners can now easily participate in their local utility's demand response or TOU program and capture available consumer rebates.

"We're excited to partner with Eguana, a leader in distributed energy storage applications," said Eric Van Orden, Director of Technology Partnerships at Virtual Peaker. "Customers with Eguana storage systems will now have greater access to financial benefits from residential demand response programs, and utilities will have access to new flexible load at a reduced cost."

"Eguana is pleased to partner with Virtual Peaker to deliver value to energy users and the power grid transition," said Daljit Ghotra, Chief Technology Officer at Eguana. "Together, Eguana and Virtual Peaker are able to leverage advanced power systems and dynamic DER management to deliver reliable power and financial incentives to battery owners while supporting utility grid modernization."

About 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, Australia, and North America.

We seek Safe Harbor.