Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: EGT; EGTYF

Home Energy Storage System Firm Expands California Sales Coverage
News Update

Share on Stocktwits

Source:

Thirty-one dealer partners were added in the last month.

Eguana's AC Battery Model

Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) announced in a news release it expanded its West Coast sales team, adding 31 additional dealer partners over the past four weeks and hiring Al Delacruz as a third manager.

In addition, the company and distribution partner CED Greentech initiated a $1,000 rebate program for California homeowners who purchase an Eguana Evolve residential energy storage system between Nov. 1 and Dec. 31, 2019.

The two companies are already receiving orders as a result of this new program. Eguana and Greentech launched it in response to the pre-emptive power outages by California utilities to prevent wildfires, "a situation that is likely to become the norm, leaving consumers helpless with respect to their energy needs," Eguana CEO Justin Holland said in the release.

"An integrated battery solution like the Evolve is a simple, cost effective way for homeowners to keep their power on and limit the impact of revolving outages," he added.

"Eguana's goal in North America is very clear—deliver cost-competitive, best-in-class energy storage solutions to homeowners, allowing them to protect their family and assets from energy disruptions and become energy independent," stated Livio Filice, director of global sales at Eguana. "Evolve by Eguana supports seamless back-up power in the event of grid outages, an economical solution particularly for the people effected by the wildfires in California."

[NLINSERT]

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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Eguana Technologies. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Eguana Technologies. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eguana Technologies, a company mentioned in this article.





Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe