Share Name Share Symbol Market Type
Stone Gold Inc TSXV:STG TSX Venture Common Stock
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  -0.025 -21.74% 0.09 0.08 0.105 0.09 0.09 0.09 30,177 15:58:27

Eguana Technologies Charts New Course in Energy Storage

31/10/2013 1:59pm

Marketwired Canada

Eguana Technologies Inc (TSX VENTURE:EGT), ("Eguana" or the Company") a leading
supplier of power conversion for battery based energy storage and residential
and commercial energy management systems, announced today that the Company's
shareholders have approved a special resolution to formally change the Company's
name from Sustainable Energy Technologies Ltd to Eguana Technologies Inc at the
Company's annual and special meeting of shareholders held on October 29, 2013
(the "Meeting"). Articles of Amendment have been filed to effect the change. The
Company has been trading as "EGT" on the TSX Venture Exchange since September 9,

"The name change signals a strategic decision to focus on the emerging solar
energy storage sector," said Michael Carten CEO of Eguana. "Battery based energy
storage for smart grids and micro-grids is on its way to creating a major
paradigm shift in the power industry and driving a billion dollar opportunity
over the next 4 years. The market is telling us that our proven patented low
voltage inverter platform is the right product at the right time."

At the meeting, management outlined the course change rationale and the 2014
strategic goals for the Company. Management's detailed presentation can be found
at: http://www.eguanatech.com/index.php/investors/media.html

A total of 57.06% of the votes entitled to be cast were voted at the meeting.
All the resolutions presented to the shareholders in the Company's management
information circular ("Circular"), dated September 29, 2013 for the Meeting,
were approved with the requisite majorities including (i) setting the number of
directors are 5, (ii) election of the five nominees listed in the Circular (iii)
appointment of BDO Canada LLP as auditors of the Company; (iv) amendment of the
Company's employee Stock Option Plan and (v) the re-pricing of certain options
issued to insiders. 

The directors of the Company for the coming year remain unchanged from the
previous year. 


Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and
manufactures intelligent high performance low-voltage power conversion systems
for smart grid and micro-grid energy storage systems. Eguana's software
configurable power electronics platform works with all the known battery
technologies and is easily adapted to accommodate a wide range of battery
operating parameters. Eguana's "universal" platform has been designed from the
bottom up to be integrated directly into fuel cell and battery based energy
storage and energy management systems to reduce cost and adapt to different form

To learn more, visit www.EguanaTech.com or follow us on Twitter,

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 concerning the future of residential and commercial energy storage in
the power industry, the potential value of the Company's addressable market and
the value of the Company's energy storage inverter for this application. 

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 current Annual
Information Form 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.

Eguana Technologies Inc
Michael Carten
+1.403.508.7177 ext 111

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