Eguana Provides Undertaking to the TSX Venture Exchange

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Eguana Technologies Inc, a technology leader in power conversion and control systems for distributed energy storage, has provided an undertaking to the TSX Venture Exchange pursuant to which Eguana has agreed to exercise its right to acquire each of the 747 limited partnership units of EGT Markets Limited Partnership that were issued pursuant to Eguana's previously announced private placement in exchange for an aggregate of 6,790,977 common shares in the capital of Eguana on or before March 31, 2016. For additional information regarding the LP Units please see Eguana's press releases dated December 22, 2015 and January 6, 2016 which are available on SEDAR.

As background, the LP Units must be exchanged on or before March 31, 2016 because, due to an inadvertent miscalculation of the allowable exchange ratio for the LP Units during the period following March 31, 2016, the failure of Eguana to exchange the LP Units for Common Shares could lead to Eguana issuing shares in contravention of the policies of the TSXV. Pursuant to the terms of the limited partnership agreement governing the Limited Partnership and the terms of the LP Units, Eguana has the ultimate authority, exercisable in its sole discretion, to acquire the LP Units in exchange for Common Shares.