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TICKERS: EGT; EGTYF

Energy Storage Systems Small Cap Receives $1.1M in New Hawaii Orders
News Update

Source:

The firm shipped a record amount to that state in August.

Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) announced in a news release it received $1.1 million in new orders from long-time partner, Hawaii Energy Connection (HEC).

Each of HEC's residential solar installations now comes with an Eguana battery. Eguana expects to ship the ordered product to HEC in the next four to six weeks.

"Each of our residential solar installs now come with an Eguana battery, our companies have worked together for a number of years perfecting the integration with our EGear controller, and we believe we have the most reliable and capable product on the market," said Chris Debone, managing director of HEC.

Steve Godmere, managing director of HEC, added, "The Hawaiian renewable market went through a difficult time over the last year and a half, we stayed the course and are now seeing significant increases in solar + storage installations."

In fact, in August, Eguana experienced a record-setting month for shipments to the state, the company noted.

Consequently, Eguana is "transitioning to a biweekly release schedule to ensure product availability as we head into the busy installation season," CEO Justin Holland said in the release.

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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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