Eguana Technologies (TSX VENTURE:EGT), ("Eguana" or the "Company") a leading
manufacturer of high performance power conversion and control systems for
"smart-grid" and "micro-grid" energy storage systems, today announced that one
of the leading developers of next generation batteries in the United States has
selected Eguana's Bi-Direx for ongoing battery system testing, product
development and performance evaluation for distributed "edge of grid"
applications. 


The advanced battery technology, which is currently under development, is unlike
any other battery technology and is distinct from other storage options
available on the market today. The award winning developer combines unique
chemistry and an innovative design, to deliver a low cost structure, flexible
system response, and a long life cycle.  


Michael Carten CEO of Eguana commented: "The significance of this purchase order
is in the recognition by one of the US' leading venture capital funded battery
developers of the value of Eguana's Bi-Direx platform in making new lower cost
technologies available in scalable, highly reliable, lower power modules that
are needed for the distributed storage markets.  


In less than a year, Bi-Direx has gained recognition in Europe, the US, and
Asia, as one of the best alternatives available to battery manufacturers and to
energy storage project developers to take the new lower cost technologies to
distributed "edge of grid" markets.  


Eguana's mission is to lever Bi-Direx' easy adaptability into a software
configurable "universal" electronics module that can be used by battery
manufactures to optimize and showcase their own proprietary technologies, and by
project developers everywhere to select the best battery for the particular
application, without needing to change their basic control strategies. 


Next generation battery technologies are typically characterized by high current
to voltage ratios which are challenging for conventional high voltage inverters
when used in the lower power ratings needed for distributed systems. Bi-Direx'
patented technology enables the lower power ratings with best in class energy
conversion efficiencies. Unlike competitive inverters in its class, Bi-Direx'
proprietary design is easily adapted to the different operating specifications
of the different technologies allowing its customers to easily optimize battery
performance for variable operating conditions of distributed energy storage
systems. 


No details on volumes or the identity of the customer are being released at this
time to maintain customer confidentiality and for competitive reasons. 


About EGUANA TECHNOL0GIES, INC: 

Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and
manufactures intelligent high performance low-voltage power electronics
platforms for distributed smart grid and energy storage applications. Eguana's
software configurable platform enables energy storage systems to optimize the
lower cost, modularity and safety advantages of low voltage advanced battery
technologies at a much lower cost, and with greater design flexibility than is
possible with conventional power electronics solutions.  


To learn more, visit www.EguanaTech.com or follow us on Twitter,
https://twitter.com/EguanaTech.


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 concerning the potential for better performance of the Bi-Direx
energy storage inverter with next generation battery technologies statements
concerning the design flexibility of the Bi-Direx energy storage with a wide
range of new battery technologies and statements concerning our business model 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Justin Holland
COO, Eguana Technologies Inc
+1.416.728.7635
Justin.holland@eguanatech.com
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