Mr. Justin Holland reports

EGUANA ANNOUNCES FLEET EXPANSION TO ADDITIONAL FEEDERS IN WESTERN CANADA

Eguana Technologies Inc. has received an additional order and roll out plan to strengthen the flexibility of two selected feeders in the Okanagan region of British Columbia.

The new order is in addition to a previously announced megawatt rollout that targeted 200 homes located in Sun Peaks and Harrison Mills and will see approximately 60 Eguana Evolve systems installed to relieve grid congestion at peak times and provide for capital deferral typically associated with feeder improvements.

The systems, which will be deployed in customer homes, will again have the primary objective of strengthening the local electricity grid while reducing system peak loads. Battery charge and discharge functions will continue to be controlled using Eguana's Exchange fleet control software module, responding to dispatch signals from the utility's DERMS solution provider, Uplight, a clean energy technology company that enables utilities and power providers to conserve, deploy and manage distributed energy resources.

"We were happy to receive the follow-on order after the success of both Sun Peaks and Mission roll outs and to continue installing capacity as we enter the peak season," commented Eguana chief executive officer Justin Holland. "We are seeing more and more utilities transitioning to advanced battery technology at the edge of the grid to drive grid resiliency, open up additional transmission and distribution capacity on current infrastructure, and provide for significant capital deferral throughout the grid that is typical of traditional upgrades."

Customer engagement from the utility has begun with first shipments expected to take place in the coming months.

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. Its technology provides value to all key stakeholders -- from the consumer to the electricity retailer, the distribution utility and the system operator.

We seek Safe Harbor.