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TICKERS: EGT; EGTYF

Sales of Home Energy Storage Systems Remain Robust in Hawaii
News Update

Source:

The energy storage firm sees another solid month of new orders.

Eguana's AC Battery Model

Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) received $1.8 million of orders from the Hawaii market since September, the company announced in a news release.

The residential energy storage system designer and manufacturer expects to fulfill these over the next eight to 10 weeks.

"We continue to see positive growth from the Hawaii market where HEC remains securely planted as a market leader and innovator," Eguana CEO Justin Holland said in the release.

HEC's managing partner Steve Godmere said, also in the release, that October is the earliest his company has booked sales into the subsequent year. He expects the current installation rates to continue into 2020 without the typical winter season slowdown.

As for deployment of the systems, Eguana's installation partner in the state, Hawaii Energy Connection, has its crews currently working at maximum capacity with the backlog of existing projects extending as far out as February and March 2020.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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