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Sustainable Energy Technologies: Re-branding as Eguana
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Calgary, Alberta - Sustainable Energy Technologies Ltd (TSX-V: STG) announced that it will operate globally under the name Eguana Technologies Inc (Eguana or the Company) effective immediately.
The change in name creates an unmistakeable image that is linked to high efficiency energy storage and resilience under tough operating conditions the shared characteristics of an Iguana and the Companys patented Bi-Direx energy storage inverter. The move coincides with the emergence of the Companys bi-directional power converter as the global leader for high efficiency residential and commercial energy storage systems.
The past 100 days have validated our patented Bi-Direx platform as the premium power conversion system for emerging battery technologies in smart grid and micro-grid applications, said Michael Carten, CEO of Eguana. In Europe, we have begun shipping Bi-Direx for the #1 solar battery system in the German market; in Japan, we have engagement from several of the largest electronics firms; and in the United States, we have demand from multiple sources for back-up power and peak shaving applications, as well as for electric vehicle charging stations.
As part of the move, the Company will now trade as EGT on the TSX Venture Exchange. The change to the Companys new ticker symbol is effective Monday, September 9, 2013. The Companys new website is www.eguanatech.com. Readers are also invited to follow industry and market news on Twitter at: https://twitter.com/EguanaTech
Bi-Direx is the premium power electronics solution for distributed residential and commercial energy storage systems. A unique single circuit bi-directional conversion process enables higher round trip (charging and discharging) efficiencies than any other solution in the market with a radically simpler and lower cost system topology.
Bi-Direx's unique open controls architecture, and a very cost effective OEM model, allows battery manufacturers and developers of energy storage/energy management systems to access the core power conversion functionality needed to build complete product solutions, at a much lower cost, and with much greater control over total system design, than is possible with any other solution in the market.
Demand for "distributed" energy storage is forecast to total more than 4.5 Gigawatts over the next four years, beginning in Germany, Japan, and the United States, according to London-based IHS Research. Based on estimated market pricing for energy storage electronics - $0.40-$0.70 per Watt - Eguana's addressable market over this period is between $1.8 billion and $3.15 billion.
About EGUANA TECHNOLGIES, INC:
Eguana Technologies designs and manufactures intelligent low-voltage power electronics for distributed smart grid and energy storage applications. High performance smart power electronics are critical to the use of grid connected energy storage systems, providing the interface between the system, the power grid and the load.
Eguanas Bi-Direx power conversion platform uses proprietary and patented technology to charge and discharge low voltage batteries with higher conversion efficiencies than any other product or combination of products on the market. With Bi-Direx technology, energy storage systems can achieve the superior cost safety and design flexibility offered by low voltage battery systems without compromising electrical conversion efficiencies. Eguanas Bi-Direx has full smart grid functionality, and is fully compliant with the tough European VDE 4105 interconnection standards, as well as meeting certification standards for North America and Japan.
Headquartered in Calgary, Alberta, Canada, Eguana Technologies is listed on the TSX Venture Exchange (TSX.V: EGT.)
COMPANY CONTACT:
Michael Carten
CEO, Eguana Technologies Inc
+1.403.508.7177 ext 111
[email protected]
Calgary, Alberta - Sustainable Energy Technologies Ltd (TSX-V: STG) announced that it will operate globally under the name Eguana Technologies Inc (Eguana or the Company) effective immediately.
The change in name creates an unmistakeable image that is linked to high efficiency energy storage and resilience under tough operating conditions the shared characteristics of an Iguana and the Companys patented Bi-Direx energy storage inverter. The move coincides with the emergence of the Companys bi-directional power converter as the global leader for high efficiency residential and commercial energy storage systems.
The past 100 days have validated our patented Bi-Direx platform as the premium power conversion system for emerging battery technologies in smart grid and micro-grid applications, said Michael Carten, CEO of Eguana. In Europe, we have begun shipping Bi-Direx for the #1 solar battery system in the German market; in Japan, we have engagement from several of the largest electronics firms; and in the United States, we have demand from multiple sources for back-up power and peak shaving applications, as well as for electric vehicle charging stations.
As part of the move, the Company will now trade as EGT on the TSX Venture Exchange. The change to the Companys new ticker symbol is effective Monday, September 9, 2013. The Companys new website is www.eguanatech.com. Readers are also invited to follow industry and market news on Twitter at: https://twitter.com/EguanaTech
Bi-Direx is the premium power electronics solution for distributed residential and commercial energy storage systems. A unique single circuit bi-directional conversion process enables higher round trip (charging and discharging) efficiencies than any other solution in the market with a radically simpler and lower cost system topology.
Bi-Direx's unique open controls architecture, and a very cost effective OEM model, allows battery manufacturers and developers of energy storage/energy management systems to access the core power conversion functionality needed to build complete product solutions, at a much lower cost, and with much greater control over total system design, than is possible with any other solution in the market.
Demand for "distributed" energy storage is forecast to total more than 4.5 Gigawatts over the next four years, beginning in Germany, Japan, and the United States, according to London-based IHS Research. Based on estimated market pricing for energy storage electronics - $0.40-$0.70 per Watt - Eguana's addressable market over this period is between $1.8 billion and $3.15 billion.
About EGUANA TECHNOLGIES, INC:
Eguana Technologies designs and manufactures intelligent low-voltage power electronics for distributed smart grid and energy storage applications. High performance smart power electronics are critical to the use of grid connected energy storage systems, providing the interface between the system, the power grid and the load.
Eguanas Bi-Direx power conversion platform uses proprietary and patented technology to charge and discharge low voltage batteries with higher conversion efficiencies than any other product or combination of products on the market. With Bi-Direx technology, energy storage systems can achieve the superior cost safety and design flexibility offered by low voltage battery systems without compromising electrical conversion efficiencies. Eguanas Bi-Direx has full smart grid functionality, and is fully compliant with the tough European VDE 4105 interconnection standards, as well as meeting certification standards for North America and Japan.
Headquartered in Calgary, Alberta, Canada, Eguana Technologies is listed on the TSX Venture Exchange (TSX.V: EGT.)
COMPANY CONTACT:
Michael Carten
CEO, Eguana Technologies Inc
+1.403.508.7177 ext 111
[email protected]