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 one
of the leading U.S. developers of next generation Vanadium Redox Flow Batteries
has selected Eguana's Bi-Direx for ongoing battery system development and
demonstration of its energy storage system. The development contract targets a
commercially available product in 2015 for "firming" (reducing variability) the
output of solar power plants.


No details on volumes or on the identity of the developer are being released at
this time in order to maintain customer confidentiality and for competitive
reasons.


"Selection of Bi-Direx to provide the critical power management functionality
for this application is further validation of Eguana's technology leadership in
power management for emerging low cost battery technologies," commented Brent
Harris, Chief Technical Officer of Eguana. "Our design philosophy is to deliver
a universal power management platform that is easily adapted to all the leading
battery technologies, allowing battery manufacturers to offer complete energy
storage systems, and/or operators of distributed energy storage fleets to easily
accommodate different battery technologies using a common control and
communications platform." 


About Redox Flow Batteries 

Redox flow batteries represent an important class of electrochemical energy
storage devices. The name "redox" refers to chemical reduction and oxidation
reactions employed in the battery to store energy in liquid electrolyte
solutions which flow through the cells during charge and discharge. Redox flow
batteries offer an economical and reliable solution to store electrical energy
and greater flexibility to independently tailor power and energy storage ratings
for a given application.


Redox flow batteries are characterized by high current density which results in
high power and storage capacities with low system voltages. Eguana's Bi-Direx
technology provides the critical power management needed to deal with the high
currents associated with flow batteries with the industry's highest power
conversion efficiencies. 


Eguana is already supplying a Fortune 500 technology company with the power
management functionality for a commercially available energy management system
using zinc bromide flow battery technologies in power ratings ranging from 10kW
to 100kW. 


About Eguana's Bi-Direx Power Management

Eguana's Bi-Direx power management module is based on patented technology which
enables very high efficiency conversion of high current low voltage energy
storage technologies. Bi-Direx was designed from the bottom up to be easily
adapted to the operating parameters of all high current low voltage storage
technologies which will dominate the distributed storage market for because of
their fundamentally lower cost structure. 


Eguana's seamless conversion of DC to AC and AC to DC in a single power
conversion step and very high speed control loops enable Bi-Direx to respond in
real time allowing utilities to use distributed storage capacity as part of
spinning reserve and to ensure better voltage control and frequency regulation.
Eguana is partnering with Germany's Fraunhofer Institute to use Bi-Direx to
develop control strategies to effectively integrate distribute generation into
utility spinning reserves.


About EGUANA TECHNOLOGIES, 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. 


To learn more, visit www.EguanaTech.com or follow us on Twitter,
https://twitter.com/EguanaTech.


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 value of the Company's Bi-Direx platform for
distributed energy storage; and statements concerning the value of redox flow
batteries for similar systems. 


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 Management
Discussion and Analysis related to its 2013 Annual Financial Statements. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eguana Technologies Inc.
Michael Carten
CEO
+1.403.508.7177 ext 111
michael.carten@EguanaTech.com
www.EguanaTech.com
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