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Eguana Technologies Announces Closing of Debenture Unit Private Placement

CALGARY, ALBERTA -- (Marketwired) -- 07/01/14 -- Eguana Technologies Inc. (TSX VENTURE:EGT) ("Eguana" or the "Company") announces that it is issuing 18 debenture units ("Debenture Units") each comprised of one (1) $20,000 5-year secured royalty debenture ("Royalty Debenture") and 8,000 common shares in the capital of the Company ("Common Shares") (the "Offering"). Subject to final approval of the TSX Venture Exchange, a total of 144,000 Common Shares will be issued under the closing of the Offering.

The Debenture Units are being issued at an origination discount of 12.5% to realize gross proceeds of $315,000, which, after payment of costs of the issue, will be used to expand the Company's engineering and operational capacity needed: (i) to execute on the announced agreement with Sonnenbatterie Gmbh (See News Release dated April 22, 2014); (ii) to accommodate anticipated demand for integrated power electronics solutions from solar power companies and battery manufacturers in Japan and the United States; and (iii) to continue to execute on the Company's strategy to make Eguana the technology leader for emerging battery technologies. Eguana will also use the proceeds for working capital purposes.

Each $20,000 Royalty Debenture bears interest at a rate of 3% per annum, plus an amount equal to 2/100 of 1% of the consolidated revenues realized by the Company, both payable quarterly in arrears. The Royalty Debentures are callable by the Company at par at any time after the second anniversary of issuance; and if not called, will be amortized in 12 equal quarterly installments beginning on the second anniversary of issuance.

In connection with the Offering, the Company paid a total of $22,050 in cash commissions. The Debentures and Common Shares are all subject to a 4 month hold period which expires on October 31, 2014.

About EGUANA TECHNOLOGIES INC:

Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and manufactures intelligent high performance low-voltage power electronics platforms for distributed smart grid and energy storage applications. Eguana's software configurable platform enables energy storage systems to optimize the lower cost, modularity and safety advantages of low voltage advanced battery technologies at a much lower cost, and with greater design flexibility than is possible with conventional power electronics solutions.

To learn more, visit www.EguanaTech.com or follow us on Twitter, https://twitter.com/EguanaTech.

Forward-Looking Information

The reader is advised that some of the information herein may constitute 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 closing of the private placement including 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, 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 website 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.

Contacts:
Eguana Technologies Inc.
Michael Carten
CEO
+1.403.508.7177 ext 111 (o)
+1.403.630.9544 (m)
[email protected]

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