Eguana Licenses E-GEAR EMS Cloud Platform
September 24 2021 - 7:30AM
Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) is pleased to
announce that it has licensed the energy management system (EMS)
Cloud platform from its long-standing partner E-GEAR LLC. Under the
agreement, Eguana will take control of operation and development of
the same cloud platform it has been using for several years in the
US energy storage market and will also manufacture the site
controller hardware. The site controller firmware and IoT network
will continue to be developed and maintained by E-Gear LLC.
“This agreement is a win-win for both E-GEAR and
Eguana.” Commented Chris DeBone, co-founder of E-Gear, “we are
monetizing the significant investment made over the years to
develop our industry-leading energy management system, which offers
advanced control and monitoring capability. At the same time, we
will continue to develop this product into an even more
sophisticated driver of smart grid capabilities.”
“This step takes our integrated energy storage
system forward in a very big way” added Eguana Founder and EVP
Brent Harris, “over the past few years we have worked closely with
E-Gear to move the fully integrated solution forward for consumers
and position Eguana to provide grid services for recurring revenue
streams. Under the agreement Eguana will take control of the
customer experience as we expand across the USA and directly offer
a complete Virtual Power Plant solution to customers while
simplifying the entire process.”
The agreement is effective immediately and the
parties have begun collaboration on the transition which is
expected to occur over the next several months.
About E-GEAR LLC
E-GEAR LLC is a renewable energy innovation
company offering proprietary patented and patent pending
edge-of-grid energy management and storage solutions that offer
intelligent real-time adaptive control, flexibility, visibility,
predictability and support to energy consumers, energy service
companies (ESCOs) and utilities.
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.
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.
To learn more, visit www.EguanaTech.com or
follow us on Twitter @EguanaTech
Company Inquiries
Justin HollandCEO, Eguana Technologies
Inc.+1.416.728.7635Justin.Holland@EguanaTech.com
Forward Looking Information
The reader is advised
that some of the information herein may constitute forward-looking
statements within the meaning assigned by National Instruments
51-102 and other relevant securities legislation. In particular, we
include: statements pertaining to the value of our power controls
to the energy storage market and statements concerning the use of
proceeds and the Company's ability to obtain necessary approvals
from the TSX Venture Exchange.
Forward-looking
information is not a guarantee of future performance and involves a
number of risks and uncertainties. Many factors could cause the
Company's actual results, performance or achievements, or future
events or developments, to differ materially from those expressed
or implied by the forward-looking information. Readers are
cautioned not to place undue reliance on forward-looking
information, which speaks only as of the date hereof. Readers are
also directed to the Risk Factors section of the Company’s most
recent audited Financial Statements which may be found on its
website or at sedar.com. The Company does not undertake any
obligation to release publicly any revisions to forward-looking
information contained herein to reflect events or circumstances
that occur after the date hereof or to reflect the occurrence of
unanticipated events, except as may be required under applicable
securities laws.
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Eguana Technologies (TSXV:EGT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eguana Technologies (TSXV:EGT)
Historical Stock Chart
From Jul 2023 to Jul 2024