Eguana Technologies Inc. - $EGTYF STOCK NEWS

Eguana Technologies Inc. introduced the Eguana Edge™, a utility feeder load balancer that provides Distribution System Operators with a fleet of energy storage assets to stabilize feeder loading and voltage quality. The Eguana Edge™ is designed for DERMS integration to offer system level ancillary services like demand response, frequency regulation, and spinning reserve. The company is currently demonstrating the product with utilities in Canada and the USA, targeting distressed feeder lines with voltage support needs or high solar penetration. The Eguana Edge™ combines Eguana's energy storage solutions with fleet management software and maintenance services, offering the most value as a utility-owned asset.

Eguana Technologies Inc. provides an update on the anticipated late filing of its annual financial statements for the year ended December 31, 2023. The company confirms its intention to continue satisfying alternative information guidelines and issue bi-weekly default status reports. There are no material changes to the information disclosed in the default announcement. Eguana has applied for a voluntary management cease trade order to the Alberta Securities Commission and other regulators, which, if granted, will stay in effect until the annual filings are submitted.

Eguana Technologies Inc. announces a slight delay in filing its annual financial statements due to personnel changes and audit delays, with an expected filing date by May 31, 2024. The Company is applying for a voluntary management cease trade order to stay in effect until the filings are complete.

Eguana Technologies Inc. provides updates on its financial situation, including short-term liquidity management and progress on its virtual power plant strategy. The Company received funds from inventory returns, negotiated debt amendments, and secured a bridge loan. Despite delays in customer collections affecting short-term liquidity, Eguana remains focused on operational initiatives and strategic partnerships.

Eguana Technologies Inc. provides an update on liquidity management amid challenges in the solar energy sector. The company faces delays in payments from key customers, leading to liquidity concerns. Eguana explores various options to enhance liquidity and shareholder value, including short-term funding and strategic investments.

Eguana Technologies Inc. provides financial and business updates, including a soft renewable energy sector, staff furloughs, inventory return agreement, debt amendments, and a private placement offering. The company anticipates market recovery in 2024 and has secured key partnerships in North America, Australia, and Europe for its energy storage systems.

Eguana Technologies Inc. (TSXV: EGT) (OTCQB: EGTYF) notified of the distribution of common shares held by DHCT II Luxembourg S.à r.l. to institutional and individual investors as part of the fund's liquidation and wind-down. The distribution will result in the termination of the investor rights agreement, resignation of DHCT's representative from the board, and redemption of a preferred share. DHCT currently controls 20.9% of Eguana's issued and outstanding common shares.

Eguana Technologies Inc. (EGT:TSXV, EGTYF:OTCQB) provides a business update, announcing its intention to complete a non-brokered private placement offering. The company continues to make positive progress in utility and distributed energy resource management partnerships, bringing its participation in VPPs to seven across North America and Australia. The Eguana solution is positioned to work with distributed energy resource provider platforms that are fully integrated with the Eguana Cloud Platform, and the existing product line of energy storage solutions. The company has announced a multi-year Virtual Power Plant (VPP) Referral and Promotion partnership with a long-time major utility partner in Australia, and anticipates additional VPP announcements in the coming quarters. Eguana's installer training through Eguana university has exceeded expectations, with over 1,200 enrollments year to date, representing more than 200 installation companies.

Eguana Technologies Inc. (TSXV: EGT) (OTCQB: EGTYF) announces ISO/IEC 17025 accreditation, highlighting its commitment to quality and compliance testing. The accreditation allows Eguana to conduct grid compliance and safety tests independently, improving speed to market and saving time and money. The company also reports positive results from its annual general meeting, with all matters receiving more than 90% of eligible votes cast.