CALGARY, Alberta, Oct.  24, 2023  (GLOBE NEWSWIRE) -- Eguana Technologies Inc. ("Eguana" or the "Company") (TSX.V: EGT) (OTCQB: EGTYF), Eguana is pleased to announce it has formed a multi-year, exclusive partnership with Duesseldorf based FinanzDesk, a modern financial service provider, with specialty in renewables, to bring the Eguana Enduro and future Eguana products, to its residential rooftop solar customer base of over 8,000.

The Enduro, which was developed specifically for European markets, is a complete all-in-one custom-engineered energy storage platform. The Enduro provides the simplest and fastest installation process, dashboard control of all storage and consumption data, and customizable battery management alerts to allow consumers to make better decisions on their energy consumption and optimize power bill savings.

“We are excited to form this partnership with FinanzDesk and to bring the Enduro to their existing customer base,” commented Eguana GmbH CEO Andreas Rueckemann. “The Enduro is a perfect system for both retrofit and new installation customers. With very quick installation times and a simple commissioning process, the Enduro will bring more energy security to consumers.”

“We have been working closely with Dr. Rueckemann and the Eguana team and are looking forward to bringing the Enduro to our FinanzDesk customers,” added Mr. Steenhuis, Managing Director of FinanzDesk. “Our installation partner, SRP Elektrotechnik GmbH, has also been working with Eguana for a number of years, and our customers will receive efficient installations, a 15-year warranty, and a great customer experience.”

The multi-year deal targets several thousand systems. The first order has been shipped to FinanzDesk, and program rollout has commenced.

About FinanzDesk

FinanzDesk, a German financial & operational service provider, offers an array of services specifically designed for B-to-B enterprises seeking to harness the power of solar energy. FinanzDesk's commitment to a cleaner, greener future aligns perfectly with the growing global emphasis on renewable energy.

In an era when environmentally responsible business practices are paramount, FinanzDesk stands at the forefront, making it easier than ever for B-to-B businesses to transition to sustainable solar energy solutions. For more information about FinanzDesk and its services, please visit www.finanzdesk.de or contact Michael J.J. Steenhuis Tel. +49 (0)211-311313-23.

AboutEguanaTechnologies Inc.

Eguana Technologies Inc. (TSXV: EGT) (OTCQB: EGTYF) is a global designer and manufacturer of high-performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid-edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high-quality solutions from its high-capacity manufacturing facilities in Europe, Australia and North America.

With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications, at the grid edge.

CompanyInquiries

Eguana Technologies Inc.
Justin Holland
CEO
+1.416.728.7635
[email protected]

To learn more, visit www.eguanatech.com or follow us on Twitter @EguanaTech

ForwardLookingInformation

The reader is advised that some of the information herein may constitute forward-looking statements and forward-looking information(together,"forward-lookingstatements")withinthemeaningassignedbyNationalInstrument51-102–Continuous Disclosure Obligations and other relevant securities legislation. In particular, we include, among other things: the Company’s ability to obtain necessary approvals from the TSXV and the issuance of the Common Shares.

Forward-lookingstatementsarenotaguaranteeoffutureperformanceandinvolvesanumberofrisksanduncertainties.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. Such factors include, but are not limited to, risks associated with: failure to obtain necessary regulatory approvals, general economic, market and business conditions,; the operations of Eguana's assets, competitive factors, achieving the strategic objectives, future financial results and liquidity, ability to fund operations or obtain financing with debt or equity, and other factors set out in the "Risk Factors" section of the Company's most recent management's discussion and analysis for the three and six months ended June 30, 2023, which may be found on its websiteoratsedarplus.ca.Readersarecautionednottoplaceunduerelianceonforward-lookinginformation,whichspeaksonly as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements 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.

NeithertheTSXVnoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSXV)accepts responsibility for the adequacy or accuracy of this release.