Eguana Files Interim Financial Statements & Provides Market Update

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Eguana Technologies Inc (TSX VENTURE:EGT) ("Eguana" or the Company") a leading supplier of high performance power controls for grid edge energy storage applications has filed its Interim Consolidated Financial Statements for the nine month period ending June 30, 2014, along with Management's Discussion and Analysis thereof. The Consolidated Financial Statements and the Management Discussion and Analysis thereof are available on SEDAR at www.sedar.com, and on the Company's website at www.eguanatech.com.

Highlights

• Key changes in the US residential market driving strong demand for Bi-Direx technology in 2015
• Continued revenue and demand growth for Bi-Direx inverter in European solar self consumption market
• Multi - year deal to supply Bi-Direx power control system in high growth Hawaiian solar storage market

Significant New Developments

Key Market Changes in US: The demand profile for the US residential market changed materially in the first half of 2014. Although relatively modest demand for backup power systems had previously been forecast for this market, it is now clear that grid stabilization and control solutions needed to sustain continued growth in renewable generation - including real time load balancing, voltage control on residential feeders, and frequency regulation - is driving demand for storage deployed alongside rooftop solar PV to supply these services.

Eguana's Bi-Direx smart grid energy storage inverter is one of only a very small handful of energy storage inverters suited for US grid tied application, and the only energy storage inverter with the advantage of having a deployed base of over a thousand networked systems.

Eguana is seeing demand for Bi-Direx from multiple sources. This month we signed a non-binding letter of intent with a Hawaiian company to supply value added power control systems for residential storage solutions. Customer indicated demand is for several thousand units annually beginning in 2015. We also have business at the table with integrators in California, and on the Eastern Seaboard, who have ordered Bi-Direx products and/or currently have Bi-Direx inverters for acceptance testing with customer indicated demand for several thousand units in 2015 and the potential to grow significantly in following years.