CALGARY, Alberta, May 25, 2022 (GLOBE NEWSWIRE) — Eguana Technologies (TSX.V:EGT) (OTCQB:EGTYF) today announced that full turnkey production and supply chain management is now underway at the Omega EMS facility in San Jose, CA. Every stage of energy storage system production is active, including circuit board, inverter and system assembly, and final functional testing with multiple trained Omega personnel at each station. . The company, along with key Omega personnel, continues to work together to optimize throughput within the manufacturing process.

“With demand changing very rapidly, we made the decision to accelerate the full transition of manufacturing and supply chain throughout the March quarter. Establishing a turnkey capability completeness and increasing our manufacturing capacity was critical given market feedback for stable supply,” commented Eguana CEO Justin Holland. “Omega has also exceeded expectations under very challenging circumstances to help our development team to update the product design in alignment with current supply chain constraints, while reconfiguring their facility for energy storage production, assembly and testing.”

“We are very happy to have all the pieces in place and to have continuous production here at the San Jose, CA factory. Market response has been excellent and we have already begun to expand our operations to meet anticipated increases in demand,” said Chris Alessio, President of Omega EMS. “With our technical development and supply chain teams integrated as tightly as they are, we will continue to solve supply chain and materials constraints to achieve our production goals.”

Shipments of products manufactured by Omega began with a current production capacity of 400 units per month. Additional test equipment is being ordered and is expected to be installed and commissioned over the next two quarters, providing production capacity of 800 units per month.

Interested parties may contact:

Eguana Technologies
Livio Filice
Global Sales Director
[email protected]
+1.905.929.7522

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 supplying grid edge power electronics for fuel cell, photovoltaic and battery applications, and provides proven, durable and high quality solutions from its manufacturing facilities. high capacity in Europe, Australia and North America.

With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is a leading provider of power controls for solar self-consumption, grid services and off-grid charging applications. demand at the network edge.

To learn more, visit www.EguanaTech.com or follow us on Twitter @EguanaTech

Company information

justin holland
CEO, Eguana Technologies Inc.
+1.416.728.7635
[email protected]

Forward-looking information

Readers are cautioned that some of the information contained herein may constitute forward-looking statements within the meaning of National Instruments 51-102 and other relevant securities laws. In particular, we include: statements regarding the value of our electricity orders for the energy storage market and statements regarding the use of proceeds and the Company’s ability to obtain the necessary TSX growth.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Many factors could cause the actual results, performance or achievements of the Company, 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 can be viewed on its website or on sedar.com. The Company undertakes no obligation to publicly release any revisions to the forward-looking information contained herein to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unforeseen events, except as required by securities laws applicable so require.

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