Eguana Receives PowerCenter+ Opening Order

Source: · GLOBE NEWSWIRE · | December 20, 2021

Source: The Deep Dive

CALGARY, Alberta, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) today announced it has received an opening order of 500 units representing 2.5MW from partner PowerCenter+, a subsidiary of Eguana manufacturing partner Omega EMS. The initial order, valued at approximately $6M, is related to the previously released manufacturing and licensing agreements between the parties to launch a premium line of home energy storage systems (ESS) based on Eguana’s patented energy storage platform.

“We are extremely excited to see all of the hard work bear fruit as our first ESS offering enters the market. This is our entrée to bring effective, efficient and very reliable energy storage to homeowners. 2022 will be an explosive year as we gain a strong foothold and grow market share,” stated Chris Alessio, CEO of the Omega entities.

“Initial market feedback has been outstanding and our expectation is to see increasing orders quarter over quarter as we continue gaining momentum in the market. Brand management will also be key to achieving our growth objectives as we onboard additional channels and branches into the Eguana Certified family, and maintain product availability balance through supply chain activities for consistent and measurable growth,” commented Eguana CEO Justin Holland.