Eguana Technologies (TSE:EGT) has released an update.
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Eguana Technologies Inc. has reported progress in managing liquidity through inventory returns and negotiating amendments with debt holders, securing $2.3 million USD to date with further funds expected. The company is also focusing on its virtual power plant strategy, deploying energy storage systems for utility optimization in North America, despite facing a slower retail market and payment delays from a major customer. Additionally, Eguana has secured short-term bridge financing, with repayment targeted for the end of April 2024.
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