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Eguana Provides Further Financial Update

Eguana Provides Further Financial Update

Eguana提供進一步的財務最新情況
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.

艾伯塔省卡爾加里--(Newsfile Corp.-2024 年 2 月 14 日)- Eguana 科技公司 (TSXV: EGT) (OTCQB: EGTYF) (”Eguana“或者”公司“)是高性能儲能系統的領先開發商和製造商,宣佈更新其2024年2月7日的新聞稿。

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.

由於整個太陽能行業表現不佳,Eguana繼續積極管理其流動性。與通貨膨脹、高利率和經銷商費用增加相關的消費者支出減少抑制並推遲了該行業的市場復甦。

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.

該公司已經就各種債務修正案進行了談判,以降低短期現金流要求,並於2023年12月完成了私募配售。此外,與我們的主要客戶達成的合作協議提供了固定的付款時間表,預計將提供短期和中期的流動性。但是,該公司了解到,主要客戶正面臨與Eguana相同的行業壓力,包括流動性短缺。因此,固定付款時間表出現了延遲和(或)短缺,預計還會繼續發生。

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.

鑑於公司的財務狀況,公司董事會正在探索改善流動性和提高股東價值的潛在替代方案。該公司目前正在與一家現有貸款機構談判一項期權,該貸款機構將提供短期資金,直至先前於2024年2月7日披露的公司預計將在3月收取的大額應收賬款。其他選擇可能包括但不限於業務和戰略的進一步合理化、第三方對公司的戰略投資或兩者的某種組合。這些替代方案對於公司管理短期和中期流動性以及履行其財務義務至關重要。

"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."

首席執行官賈斯汀·霍蘭德表示:“疲軟的市場,加上主要客戶的收款緩慢和高額的還本付息,迫使我們採取進一步行動,以適應當前的狀況,並幫助確保Eguana能夠向前邁進並實現運營目標。”“同時,我們仍然專注於促進虛擬電廠領域的關係,並履行我們的使命,即通過分佈式電網過渡連接房主和公用事業提供無縫體驗。”

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,無法保證公司會採取哪些替代方案(如果有的話)。除非董事會批准交易或以其他方式確定需要進一步披露,否則公司不打算披露有關其審查或所採取行動的更多細節。

About Eguana Technologies Inc.

關於 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.(多倫多證券交易所股票代碼:EGT)(場外交易代碼:EGTYF)設計和製造高性能住宅和商用儲能系統。該公司還營銷和銷售一系列微型逆變器產品,這些產品與其儲能平台集成在一起,爲消費者提供完整的太陽能+存儲系統架構,用於住宅和商業應用。Eguana在爲燃料電池、光伏和電池應用提供電網邊緣電力電子設備方面擁有二十年的經驗,並通過其位於北美、歐洲和澳大利亞的大容量製造設施提供成熟、耐用、高質量的解決方案。

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在歐洲和北美市場部署了數千臺專有的儲能逆變器,是電網邊緣太陽能自耗、電網服務和按需充電應用的電力控制的領先供應商之一。Eguana專注於位於能耗點的分佈式儲能應用,爲從消費者到電力零售商、配電公用事業和系統運營商的電網現代化提供具有成本效益的解決方案。

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

要了解更多信息,請訪問 或者在 Twitter 上關注我們 @EguanaTech

Company Inquiries

公司查詢

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

首席執行官賈斯汀·霍蘭德
Eguana 科技公司
+1.416.728.7635
Justin.Holland@EguanaTech.com

Forward-Looking Statements

前瞻性陳述

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.

請讀者注意,除歷史事實陳述外,此處的所有信息均可能構成前瞻性陳述和前瞻性信息(合計,”前瞻性陳述“) 在國家儀器 51-102 規定的含義範圍內- 持續披露義務 以及其他相關的證券立法。特別是,前瞻性陳述包括有關公司主要客戶的預期付款、公司的現金流需求、任何預期的市場復甦、公司與現有貸款機構談判短期融資的能力,以及公司的業務運營、現金流限制、流動性影響、應收賬款收款和戰略的陳述。前瞻性陳述並不能保證未來的表現,涉及許多風險和不確定性。許多因素可能導致公司的實際業績、業績或成就,或未來的事件或發展,與前瞻性信息所表達或暗示的結果存在重大差異。這些因素包括但不限於與以下風險相關的風險:公司未能改善現金流,這將對業務繼續運營的可行性產生重大不利影響;及時收取應收賬款;有效實施和部署Eguana解決方案,建立更多合作伙伴關係並發展現有合作伙伴關係;總體經濟、市場和業務狀況;競爭因素;實現戰略目標;裁員的意外影響;公司的延遲收到與庫存回報相關的付款(如果有的話);無法或延遲採購材料;公司在虛擬電廠領域推出公用事業試點計劃和推進關係的能力;儲能技術的採用可能比預期的要慢;公司未能改善流動性、與現有貸款機構達成融資安排、有效合理化業務和戰略或獲得 “風險因素” 中列出的戰略投資和其他因素公司的一部分管理層對截至2023年9月30日的三個月和九個月的討論和分析以及2023年11月29日的年度信息表,可在其網站或網址上找到。提醒讀者不要過分依賴前瞻性信息,這些信息僅代表截至本文發佈之日。除非適用的證券法另有要求,否則公司不承擔任何義務公開發布此處包含的前瞻性陳述的任何修訂,以反映本文發佈之日之後發生的事件或情況或反映意外事件的發生。

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.

多倫多證券交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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