EGT Eguana Technologies Inc

Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) is pleased to announce it has received a new series of purchase order releases totaling approximately $1.8M from Hanwha Q Cells GmbH (QCells) with shipments expected over the next two quarters. The releases will provide a minimum monthly baseline demand to stabilize supply chain and manufacturing processes.

Justin Holland, Eguana CEO commented, “the monthly baseline order commitment from QCells is a significant step forward and will bring steady demand over the coming quarters and the manufacturing consistency will improve product margins. Additionally, the small compact design of the Enduro, with its one person install capability, has allowed QCells installers to continue to work safely throughout this difficult period and conform to Germany’s stringent two person social distancing guidelines while maintaining installation capability.”

Despite recent global supply chain disruption and manufacturing interruptions, Eguana was able to successfully navigate early material issues and maintain product supplies to QCells throughout the COVID-19 pandemic. Our contract manufacturing facility in Naples Italy, which manufactures the QCells AC coupled energy storage solution (Q.HOME+ ESS AC-G2), has also reopened for production after the initial shut down occurred across Italy.

Eguana has confirmed the QCells orders, along with new orders for the United States and Australian markets, have increased product demand beyond pre COVID-19 levels. Management expects to see the corresponding increase in shipments later this month and continuing through the balance of year.

About Eguana Technologies Inc.

Based in Calgary, Alberta Canada, Eguana Technologies Inc. (EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures 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 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.

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

Company Inquiries	Product / EES Inquiries
Justin Holland	Martin Duerr
CEO, Eguana Technologies Inc.	Director of Business Development
+1.416.728.7635	+1.416.318.6675
Justin.Holland@EguanaTech.com	Martin.Duerr@EguanaTech.com

Forward Looking Information The reader is advised that some of the information herein may constitute forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning assigned by National Instrument 51-102 – Continuous Disclosure Obligations and other relevant securities legislation. In particular, we include, among other things: the use of proceeds and the ability of the Company to comply with terms of the Debentures, including but not limited to the interest payments and payments of the principal.Forward-looking statements are 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. Such factors include, but are not limited to, risks associated with: general economic, market and business conditions; industry capacity; the operations of Eguana's assets, competitive action by other companies, and other factors set out in the "Risk Factors" section of the Company's most recent annual management's discussion and analysis for the year ended September 30, 2019 which may be found on its website or at sedar.com. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only 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.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) acceptsresponsibility for the adequacy or accuracy of this release.