CALGARY, AB, May 14, 2021 /CNW/ - Eguana Technologies Inc.
(TSX.V: EGT) (OTCQB: EGTYF) today announced that it has changed its
auditor from BDO Canada LLP (the "Former Auditor") to KPMG
LLP (the "Successor Auditor"), effective May 12, 2021 (the "Effective Date").
At the request of the Company, the Former Auditor resigned as
the auditor of the Company and the Board of Directors of the
Company appointed the Successor Auditor as the new auditor of the
Company as of the Effective Date, until the close of the Company's
next annual meeting of shareholders.
"The growth trajectory of the Company continues to accelerate,
we are ramping up production capability, increasing customer
shipments in key geographies, and embarking on new technology
developments" commented Eguana Chief Financial Officer Sonja Kuehnle. "As we enter this new phase, we
are pleased to welcome KPMG LLP, a Big Four accounting firm, as the
new auditor of the Company and would like to thank BDO Canada LLP
for their contributions to date."
There were no modifications of opinion contained in the Former
Auditor's reports on the Company's annual financial statements for
the period commencing at the beginning of the two most recently
completed financial years and ending on the Effective Date. In
addition, there were no "reportable events" (as defined in National
Instrument 51-102 Continuous Disclosure Obligations ("NI
51-102") between the Company and the Former Auditor.
In accordance with NI 51-102, the Notice of Change of Auditor,
together with the required letters from the Former Auditor and the
Successor Auditor, have been reviewed by the Company's Audit
Committee and Board and will be filed on SEDAR accordingly.
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
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
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
Cautionary Statement Regarding Forward-Looking
Information
This news release contains "forward-looking statements" that are
based on expectations, estimates, projections and interpretations
as at the date of this news release. Forward-looking statements are
frequently characterized by words such as "plan", "expect",
"project", "seek", "intend", "believe", "anticipate", "estimate",
"suggest", "indicate" and other similar words or statements that
certain events or conditions "may" or "will" occur, and include,
without limitation, statements regarding the Company's future
financial and business plans and the expected effects thereof. Such
forward looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such risks
and other factors may include, but are not limited to, the results
of business operation; the ability of the Company to acquire
further customers; the uncertainty surrounding the spread of
COVID-19 and the impact it will have on the Company's operations
and economic activity in general and those risk factors
outlined in the Company's management's discussion and analysis as
filed on SEDAR. The Company does not undertake to update any
forward-looking information except in accordance with applicable
securities laws.
SOURCE Eguana Technologies Inc.