Eguana Technologies Retains Bristol Capital to Enhance Communication of Energy Storage Strategy to US and European Institutional Investors
(Marketwire (Canada) Via Acquire Media NewsEdge) CALGARY, ALBERTA--(Marketwired - Nov. 20, 2013) - Eguana Technologies Inc (TSX VENTURE:EGT), ("Eguana" or the Company") a leading supplier of power conversion for battery based energy storage and residential and commercial energy management systems, announced today that Bristol Capital has been retained to assist the Company in achieving greater visibility of the Company's energy storage strategy with institutional investors in the United States and Europe beginning this month.
We believe that it is timely that following our change in name, we begin to pro-actively communicate our positioning in the solar energy storage sector which is emerging in Europe and the United States," said Michael Carten CEO of Eguana Technologies. .
Under the terms of the agreement, which is subject to approval by the TSX Venture Exchange, Bristol will receive $8,000 per month, and subject approval of the Board of Directors of the Company, will also receive options to acquire up to 160,000 common shares of the Company exercisable for a period of 3 years at $0.50 per share or albternatively an additional $2,000 per month. If approved, the options will vest at a rate of 40,000 shares per quarter, over the first year of the agreement. The Agreement can be cancelled with 60 days' notice in writing after a minimum 5 month period.
About EGUANA TECHNOL0GIES, INC:
Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and manufactures intelligent high performance low-voltage power conversion systems for smart grid and micro-grid energy storage systems. Eguana's software configurable power electronics platform works with all the known battery technologies and is easily adapted to accommodate a wide range of battery operating parameters. Eguana's "universal" platform has been designed from the bottom up to be integrated directly into fuel cell and battery based energy storage and energy management systems to reduce cost and adapt to different form factors.
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 future of residential and commercial energy storage in the power industry, the potential value of the Company's addressable market and the value of the Company's energy storage inverter for this application.
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 current Annual Information Form 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:
CEO, Eguana Technologies Inc
+1.403.508.7177 ext 111
Source: Eguana Technologies Inc.
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