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[September 09, 2013]
Sustainable Energy Technologies Ticker Symbol Change
(Marketwire (Canada) Via Acquire Media NewsEdge) CALGARY, ALBERTA--(Marketwired - Sept. 9, 2013) - Sustainable Energy Technologies Ltd (TSX VENTURE:STG) is pleased to announce that the common shares of the Company begin trading today - September 9, 2013 - under the new symbol - "EGT." The change reflects the Company's decision to rebrand Sustainable Energy Technologies Ltd as "Eguana Technologies Inc" (See: News Release dated September 4, 2013) as the Company's proven bi-directional low voltage inverter emerges as the high efficiency global leader for distributed residential and commercial solar energy storage systems.
The name Eguana was selected because of the connection with iguanas. Iguanas spend most of their time in the sun storing energy for use at night. Iguanas survive in harsh climates, are highly adaptable to different environmental conditions, are efficient, and live for more than 20 years. The name "Eguana" creates a simple and memorable brand that is linked to energy storage and resilience under tough operating conditions - shared characteristics of an Iguana and Eguana's energy storage inverters.
The website for Eguana Technologies Inc is www.eguanatech.com. Readers are also invited to follow industry and market news on Twitter at:
About EGUANA TECHNOLOGIES INC Eguana Technologies Inc designs and manufactures intelligent high performance low-voltage power electronics platforms for distributed smart grid and energy storage applications. The software configurable platform enables energy storage systems to optimize the 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.
Eguana's proprietary design and control software allows energy storage systems to charge and discharge batteries with higher round-trip conversion efficiencies across the full power curve than any other solution in today's market.
Eguana's bi-directional electronics platform simplifies total system topology, reducing the system component count and total system cost and enhancing total system reliability. Its' unique "open" control architecture allows development partners maximum control over power conversion functionality and maximum flexibility to optimize system design and product performance.
Eguana's software configurable platform meets smart grid requirements in different countries enabling the simultaneous introduction of a global platform in multiple markets.
Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc is listed on the TSX Venture Exchange (TSX VENTURE:EGT).
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 features of our energy storage inverter and its value for residential and commercial scale energy storage systems; and statements concerning the value of the energy storage inverter to development partners.
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.
FOR FURTHER INFORMATION PLEASE CONTACT: Eguana Technologies Inc Michael Carten CEO +1.403.508.7177 ext 111 michael.carten@EguanaTech.com www.EguanaTech.com Source: Sustainable Energy Technologies Ltd.
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