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TICKERS: EGT; EGTYF

Firm Ships First Power Storage Products to Hanwha Q CELLS
News Update

Source:

The Canadian company has been asked to send a greater quantity next time, in July.

Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) announced in a news release it sent its first shipment of its Enduro products to Hanwha Q CELLS, per contract.

Eguana's Enduro is now part of Hanwha Q CELLS' Q.HOME+ residential system that Hanwha, a South Korea and Germany-headquartered photovoltaic cells manufacturer, launched at the Intersolar and ees show in May in Munich.

The response to the system was positive and thus, Hanwha asked Eguana to increase the number of Enduros shipped next time, which will be next month, July.

Eguana "expects Q CELLS to maintain a monthly order cycle," the release noted.

"Given the success at the Intersolar trade show in Munich earlier this month it is very important for Q CELLS to have product available for the more than 1000 Q.PARTNERs within their European network," said Justin Holland, CEO of Eguana Technologies. "This partnership continues to move very quickly, and early Q.PARTNER engagement will maintain the momentum around the Q.HOME+ product launch and set the stage for increasing orders through the balance of the calendar year."

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