Eguana Announces ISO 17025 Accreditation and the Results of Its 2023 Annual General Meeting of Shareholders

Calgary, Alberta--(Newsfile Corp. - November 9, 2023) - Eguana Technologies Inc. (TSXV: EGT) (OTCQB: EGTYF) ("Eguana" or the "Company"), a leading developer and manufacturer of high-performance energy storage systems, is pleased to announce that it has been awarded ISO/IEC 17025 accreditation, for self-certification. This significant achievement highlights Eguana's technical commitment to maintaining the highest standards of quality for product development and compliance testing.

ISO/IEC 17025 accreditation requires a rigorous assessment process to meet very stringent guidelines and minimum standards. This achievement underlines Eguana's ability to conduct grid compliance and safety tests independently. By having the ability to conduct self testing processes, Eguana gains a significant advantage to not only certify new products for AC grid interconnection compliance, but also introduce alternate components quickly, while saving time and money through the certification process.

"ISO 17025 accreditation for AC grid code is a significant milestone for us," said Daljit Ghotra, Chief Technology Officer at Eguana. "We are extremely proud of our team's hard work and competency to achieve this capability, as it enables us to be in control of our certification schedules and timing, improving speed to market."

The Company also announces the results of its annual general meeting held on November 2, 2023 (the "Meeting"). At the Meeting, all matters presented by management were duly approved and authorized by the Company's shareholders, which included: (I) the number of directors of the Company being fixed at five; (ii) the election of all of the directors of the Company, being Michael Carten, Justin Holland, Karen Hayward, Graeme Stening and George W. Powlick; and (iii) the re-appointment of KPMG LLP as auditor of the Company for the ensuing year. All matters received more than 90% of eligible votes cast, for the resolution.

The Company also recognizes and sincerely appreciates the commitment and dedication of Mr. Robert D. Penner, for 15 plus years of service to the Eguana Board of Directors. Mr. Penner decided not to seek re-election, as he focuses on other interests.

About Eguana Technologies Inc.

Eguana Technologies (TSXV: EGT) (OTCQB: EGTYF) designs and manufactures high performance residential and commercial energy storage systems. The Company also markets and sells a suite of micro inverter products which are integrated with its energy storage platform providing consumers with full solar + storage system architecture for residential and commercial applications. 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 and Australia.

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

Justin Holland
CEO, Eguana Technologies Inc.
+1.416.728.7635
Justin.Holland@EguanaTech.com

Forward-Looking Statements

The reader is advised that all information herein, other than statements of historical fact, 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, forward-looking statements include, among other things, statements regarding the Company's business operations, product solutions, strategy and market position. 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: failure to obtain necessary regulatory approvals, general economic, market and business conditions; the value and operations of Eguana's assets; competitive factors; uninsured loss; achieving strategic objectives; future financial results; liquidity; ability to fund operations obtain financing with debt or equity; and other factors set out in the "Risk Factors" section of the Company's management's discussion and analysis for the year ended December 31, 2022 and annual information form dated May 1, 2023, which may be found on its website or at www.sedarplus.ca. 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) accepts responsibility for the adequacy or accuracy of this news release.

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