|By Marketwired .||
|May 20, 2014 08:32 AM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 05/20/14 -- Eguana Technologies (TSX VENTURE:EGT), ("Eguana" or the "Company") a leading manufacturer of high performance power conversion and control systems for "smart-grid" and "micro-grid" energy storage systems, today announced that a leading US developer next of generation battery technology has successfully completed field trials of Eguana's Bi-Direx inverter module.
The trials were intended to demonstrate performance characteristics of the Bi-Direx module for a remote energy storage system that would be used with telecom towers. Other applications targeted for the integrated module include stand alone and battery backup power, village power, diesel optimization and military power on demand applications.
No details on volumes or the identity of the customer are being released at this time to maintain customer confidentiality and for competitive reasons.
"We are very pleased with the outcomes of these trials, which demonstrate the flexibility of the Bi-Direx design in connecting the next generation of batteries to the power grid in the lower power ratings needed for distributed non-utility storage systems," commented Michael Carten CEO of Eguana.
Next generation battery technologies are typically characterized by very high current to voltage ratios in order to bring down the basic cost per kilowatt hour of the battery. Unlike conventional high voltage inverters, which have limited flexibility and poor efficiencies in a high current environment, Eguana designed Bi-Direx from the ground up to work with a wide range of high current configurations while achieving best in class conversion efficiencies.
Eguana's business model is to lever the design flexibility and inherent cost advantages of the Bi-Direx platform by delivering an integrated power electronics solution that can be easily adapted by battery manufacturers or system designers to optimize performance in a wide range of applications
About EGUANA TECHNOL0GIES, INC:
Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and manufactures intelligent high performance low-voltage power electronics platforms for distributed smart grid and energy storage applications. Eguana's software configurable platform enables energy storage systems to optimize the lower cost, modularity and safety advantages of low voltage advanced battery technologies at a much lower cost, and with greater design flexibility than is possible with conventional power electronics solutions.
Forward Looking Information
The reader is advised that some of the information herein may constitute forward-looking statements within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements concerning the potential for better performance of the Bi-Direx energy storage inverter with next generation battery technologies statements concerning the design flexibility of the Bi-Direx energy storage with a wide range of new battery technologies and statements concerning our business model
Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. 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. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. Readers are also directed to the Risk Factors section of the Company's most recent audited Financial Statements which may be found on its website or at sedar.com The Company does not undertake any obligation to release publicly any revisions to forward-looking information 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
COO, Eguana Technologies Inc