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Eguana Provides Further Financial Update

Eguana Provides Further Financial Update

Eguana提供进一步的财务最新情况
newsfile ·  02/15 05:00

Calgary, Alberta--(Newsfile Corp. - February 14, 2024) - Eguana Technologies Inc. (TSXV: EGT) (OTCQB: EGTYF) ("Eguana" or the "Company"), a leading developer and manufacturer of high-performance energy storage systems, announces an update to its press release dated February 7, 2024.

艾伯塔省卡尔加里--(Newsfile Corp.-2024 年 2 月 14 日)- Eguana 科技公司 (TSXV: EGT) (OTCQB: EGTYF) (”Eguana“或者”公司“)是高性能储能系统的领先开发商和制造商,宣布更新其2024年2月7日的新闻稿。

Eguana continues to actively manage its liquidity, as a result of the overall solar energy sector's underperformance. Decreased consumer spending related to inflation, high-interest rates, and increased dealer fees has restrained and delayed market recovery in the industry.

由于整个太阳能行业表现不佳,Eguana继续积极管理其流动性。与通货膨胀、高利率和经销商费用增加相关的消费者支出减少抑制并推迟了该行业的市场复苏。

The Company has already negotiated various debt amendments to reduce near term cash flow requirements and completed a private placement in December 2023. Further, the collaboration agreements with our key customer, which provided a fixed payment schedule, were expected to provide near and medium-term liquidity. However, the Company has learned that the key customer is experiencing the same industry pressures as Eguana, including a liquidity shortfall. As a result, delays and/or shortfalls on the fixed payment schedule have occurred and are anticipated to continue to occur.

该公司已经就各种债务修正案进行了谈判,以降低短期现金流要求,并于2023年12月完成了私募配售。此外,与我们的主要客户达成的合作协议提供了固定的付款时间表,预计将提供短期和中期的流动性。但是,该公司了解到,主要客户正面临与Eguana相同的行业压力,包括流动性短缺。因此,固定付款时间表出现了延迟和(或)短缺,预计还会继续发生。

In light of the Company's financial position, the Board of Directors of the Company is exploring potential alternatives to improve liquidity and enhance shareholder value. The Company is currently negotiating an option, with an existing lender, which would provide short-term funding, through to the large receivable previously disclosed on February 7, 2024 that the Company expects to be collected in March. Other alternatives may include, but not be limited to, further rationalization of the business and strategy, strategic investments in the Company by third parties, or some combination thereof. These alternatives are critical for the Company to manage near and medium-term liquidity, and to meet its financial obligations.

鉴于公司的财务状况,公司董事会正在探索改善流动性和提高股东价值的潜在替代方案。该公司目前正在与一家现有贷款机构谈判一项期权,该贷款机构将提供短期资金,直至先前于2024年2月7日披露的公司预计将在3月收取的大额应收账款。其他选择可能包括但不限于业务和战略的进一步合理化、第三方对公司的战略投资或两者的某种组合。这些替代方案对于公司管理短期和中期流动性以及履行其财务义务至关重要。

"Weak markets, coupled with slow collections from the key customer and high debt service, compel us to take further action to adapt to current conditions and to help ensure Eguana can move forward and execute operational objectives," said Justin Holland, CEO. "In the meantime, we remain focused on advancing relationships in the virtual power plant space and delivering on our mission to connect homeowners and utilities for a seamless experience through the distributed grid transition."

首席执行官贾斯汀·霍兰德表示:“疲软的市场,加上主要客户的收款缓慢和高额的还本付息,迫使我们采取进一步行动,以适应当前的状况,并帮助确保Eguana能够向前迈进并实现运营目标。”“同时,我们仍然专注于促进虚拟电厂领域的关系,并履行我们的使命,即通过分布式电网过渡连接房主和公用事业提供无缝体验。”

At present, there can be no assurance as to what, if any, alternatives might be pursued by the Company. The Company does not intend to disclose further details with respect to its review or actions taken, unless and until the Board of Directors has approved a transaction or otherwise determines that further disclosure is warranted.

目前,无法保证公司会采取哪些替代方案(如果有的话)。除非董事会批准交易或以其他方式确定需要进一步披露,否则公司不打算披露有关其审查或所采取行动的更多细节。

About Eguana Technologies Inc.

关于 Eguana Technologies

Eguana Technologies Inc. (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 North America, Europe, and Australia.

Eguana Technologies Inc.(多伦多证券交易所股票代码:EGT)(场外交易代码:EGTYF)设计和制造高性能住宅和商用储能系统。该公司还营销和销售一系列微型逆变器产品,这些产品与其储能平台集成在一起,为消费者提供完整的太阳能+存储系统架构,用于住宅和商业应用。Eguana在为燃料电池、光伏和电池应用提供电网边缘电力电子设备方面拥有二十年的经验,并通过其位于北美、欧洲和澳大利亚的大容量制造设施提供成熟、耐用、高质量的解决方案。

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. Focused on distributed energy storage applications located at the point of energy consumption, Eguana provides cost-effective solutions to modernize the power grid, from the consumer to the electricity retailer, the distribution utility, and the system operator.

Eguana在欧洲和北美市场部署了数千台专有的储能逆变器,是电网边缘太阳能自耗、电网服务和按需充电应用的电力控制的领先供应商之一。Eguana专注于位于能耗点的分布式储能应用,为从消费者到电力零售商、配电公用事业和系统运营商的电网现代化提供具有成本效益的解决方案。

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

要了解更多信息,请访问 或者在 Twitter 上关注我们 @EguanaTech

Company Inquiries

公司查询

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

首席执行官贾斯汀·霍兰德
Eguana 科技公司
+1.416.728.7635
Justin.Holland@EguanaTech.com

Forward-Looking Statements

前瞻性陈述

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, anticipated payments from the company's key customer, the Company's cash flow needs, any anticipated market recovery, the Company's ability to negotiate a short-term funding with an existing lender, and the Company's business operations, cash flow constraints, liquidity impacts, accounts receivable collections, and strategy. 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 by the Company to improve cash flow which would have a material adverse impact on the viability of the business to continue operating; timely collection of accounts receivable; effective implementation and deployment of Eguana solutions and building additional partnerships and developing existing partnerships; general economic, market and business conditions; competitive factors; achieving strategic objectives; unanticipated effects of the reduction to headcount; delays to the Company's receipt of payment associated with the inventory return, if at all; inability to or delays in sourcing materials; the Company's ability to roll out utility pilot programs and advance relationships in the virtual power plant space; the adoption of energy storage technologies may be slower than anticipated; failure by the Company to improve liquidity, enter into a funding arrangement with an existing lender, effectively rationalize the business and strategy or to obtain a strategic investment and other factors set out in the "Risk Factors" section of the Company's management's discussion and analysis for the three and nine months ended September 30, 2023 and annual information form dated November 29, 2023, which may be found on its website or at . 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.

请读者注意,除历史事实陈述外,此处的所有信息均可能构成前瞻性陈述和前瞻性信息(合计,”前瞻性陈述“) 在国家仪器 51-102 规定的含义范围内- 持续披露义务 以及其他相关的证券立法。特别是,前瞻性陈述包括有关公司主要客户的预期付款、公司的现金流需求、任何预期的市场复苏、公司与现有贷款机构谈判短期融资的能力,以及公司的业务运营、现金流限制、流动性影响、应收账款收款和战略的陈述。前瞻性陈述并不能保证未来的表现,涉及许多风险和不确定性。许多因素可能导致公司的实际业绩、业绩或成就,或未来的事件或发展,与前瞻性信息所表达或暗示的结果存在重大差异。这些因素包括但不限于与以下风险相关的风险:公司未能改善现金流,这将对业务继续运营的可行性产生重大不利影响;及时收取应收账款;有效实施和部署Eguana解决方案,建立更多合作伙伴关系并发展现有合作伙伴关系;总体经济、市场和业务状况;竞争因素;实现战略目标;裁员的意外影响;公司的延迟收到与库存回报相关的付款(如果有的话);无法或延迟采购材料;公司在虚拟电厂领域推出公用事业试点计划和推进关系的能力;储能技术的采用可能比预期的要慢;公司未能改善流动性、与现有贷款机构达成融资安排、有效合理化业务和战略或获得 “风险因素” 中列出的战略投资和其他因素公司的一部分管理层对截至2023年9月30日的三个月和九个月的讨论和分析以及2023年11月29日的年度信息表,可在其网站或网址上找到。提醒读者不要过分依赖前瞻性信息,这些信息仅代表截至本文发布之日。除非适用的证券法另有要求,否则公司不承担任何义务公开发布此处包含的前瞻性陈述的任何修订,以反映本文发布之日之后发生的事件或情况或反映意外事件的发生。

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.

多伦多证券交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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