Mr. Justin Holland reports

EGUANA AND ITRON COLLABORATE TO DELIVER ADVANCED UTILITY CONTROL OF DISTRIBUTED ENERGY STORAGE

Eguana Technologies Inc. is collaborating with Itron Inc., a leading provider of grid edge monitoring and control solutions, to deliver advanced utility control functionality through a standard-based integration of its energy storage systems with Itron's IntelliFlex grid edge DERMS (distributed energy resource management system) solution.

Through the collaboration, Eguana and Itron will jointly, and independently, market the combined solution to respective utility customers, with a focus on utilities that are interested in ramping up distributed energy storage procurement but prefer to use a grid edge dispatch and monitoring network that is already well established and integrated into their operations.

"Grid interactive battery energy storage is one of the most flexible assets we have available on the grid today," said Don Reeves, senior vice-president of outcomes at Itron. "Through this collaboration with Eguana, we are demonstrating how to take advantage of IntelliFlex, an advanced AMI-enabled [advanced metering infrastructure] grid edge DERMS, as a pathway toward local customer resource management and quantified distribution network value."

"This integrated solution marks a major milestone for the industry," commented Eguana chief executive officer Justin Holland. "No longer will residential energy storage systems be consigned to simply supplying backup power with the occasional optional dispatch for demand response. The integrated IntelliFlex with Evolve opens the door to deploying energy storage assets as an essential contributor to grid capacity and infrastructure."

Itron and IntelliFlex are trademarks of Itron in the United States and other countries and regions. Further details of the combined solution will be published in the coming weeks.

About Eguana Technologies Inc.

Eguana's vision is to build the grid of the future by delivering flexible, modular and cost-effective alternatives to traditional grid upgrades. The company's technology provides value to all key stakeholders -- from the consumer to the electricity retailer, the distribution utility and the system operator.

Since 1998, Eguana Technologies has connected utilities with consumers through its high performance commercial and residential energy storage solutions. The Eguana product suite has been designed from the ground up with both the end-user and the utility in mind to transition the power grid seamlessly.

Manufactured in local facilities across the globe to ensure compliance and quality, Eguana's standardized platform allows the flexibility to ensure each product solution is optimized for use in major grid modernization markets.

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