Eguana Receives 5MW from the Omega Group

Source: · GLOBENEWSWIRE· | February 11, 2022

Source: Private Capital Journal

CALGARY, Alberta, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) today announced it has received a follow on order of 1,000 units, representing 5MW, from the Omega Group, which also includes Eguana manufacturing partner Omega EMS. The order, valued over $11 million, is related to the rapid uptake of product primarily through select CED GreenTech branches across the United States.

“We have been systematically onboarding CED GT branches who have been providing immediate purchase orders for the premium branded product, to date branch orders have surpassed 12 million in just over 8 weeks,” commented Livio Filice, Global Director of Sales. “We anticipate consistent order growth as more branches come onboard and we continue to grow our distribution networks.”

“We are overcoming supply chain challenges daily and anticipate a significant jump in product availability in the April through June time frame. Additional test stations have been planned and commissioned, which also increases our manufacturing capacity to accommodate the growing demand,” added Eguana CEO Justin Holland.