CALGARY, ALBERTA -- (Marketwired) -- 05/03/14 -- Eguana Technologies Inc (TSX VENTURE:EGT), ("Eguana" or the "Company") a leading supplier of high performance power conversion and control systems for "smart grid" and "micro-grid" energy storage applications, today announced the appointment of Sharon Penner as its new chief financial officer, effective April 16, 2014.<br /><br />Sharon Penner, a Chartered Accountant, has over 20 years of industry experience including 5 with Eguana as Controller and Director of Finance during Eguana's initial years on the TSX-V. More recently, Sharon was Controller at Access Pipeline for over 6 years from inception of the project, through construction of the pipeline and development of Access Pipeline as an operating entity.<br /><br />On April 16, 2014 the company issued 510,000 options to new officers, employees and consultants under its Employee Stock Option Plan at prices ranging between $0.40 and $0.44. Under the Stock Option Plan vesting of new options issued to employees and officers is subject, inter alia, to the Company achieving two consecutive Quarters of positive earnings before interest taxes and depreciation.<br /><br />About EGUANA TECHNOL0GIES, INC:<br /><br />Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and manufactures intelligent high performance low-voltage power conversion solutions 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 factors.