CALGARY, ALBERTA--(Marketwired - April 15, 2016) - Eguana Technologies Inc. (TSX VENTURE:EGT)(OTCQB:EGTYF), ("Eguana", or the "Company"), a technology leader in power conversion and control systems for distributed energy storage, is pleased to announce that it has closed its second and final tranche of its previously announced brokered private placement ("Offering") of common shares in the capital of the Company (the "Common Shares"). In connection with the closing of the second tranche, the Company issued 1,834,000 Common Shares for gross proceeds of $220,080, which together with the proceeds from the first tranche of the Offering, resulted in the Company issuing an aggregate of 9,982,402 foraggregate gross proceeds of approximately $1.2 million.

Bayfront Capital Partners, Ltd. acted as agent and financial advisor to the Company in connection with the Offering. In connection with the Offering, Eguana paid aggregate cash commissions of $76,305.60 and issued compensation warrants to purchase an aggregate of 698,768 Common Shares at a price of $0.12 per share for a period of 36 months from the date of issuance. The Company will use the proceeds from the oversubscribed offering for the working capital required to meet increasing demand in the US and to keep our European development ahead of schedule.

The securities issued under the Offering are subject to a four month hold period. A copy of such early warning report will be available on SEDAR (www.sedar.com) or by contacting the Company as contemplated herein.

About The AC Battery:

The AC Battery is a pre-integrated and fully certified energy storage system which requires only a grid connection and a dispatch signal to provide a fully functional and durable energy storage installation to the consumer. The AC Battery provides maximum flexibility for system aggregators which want to deploy it as part of new solar storage installations or as a retrofit to solar PV installations already in place.

About Eguana Technologies Inc.

Eguana Technologies Inc. (TSX VENTURE:EGT)(OTCQB:EGTYF), designs and manufactures high performance power controls for residential and commercial energy storage systems. Eguana has more than 15 years' 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 the leading supplier 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

Forward Looking Information

The reader is advised that some of the information herein may constitute forward-looking information and forward-looking statements within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements pertaining to the value of our power controls to the energy storage market and statements concerning the use of proceeds and the Company's ability to obtain necessary approvals from the TSX Venture Exchange.

Forward-looking information is 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. Readers are cautioned not to place undue reliance on forward-looking information and forward-looking statements, which speaks only as of the date hereof. Readers are also directed to the Risk Factors section of the Company's most recent audited Financial Statements which may be found on its profile or at sedar.com The Company does not undertake any obligation to release publicly any revisions to forward-looking information 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.