Eguana Technologies Inc. (TSX-V:EGT) (OTCQB:EGTYF), announced today that the board of directors has granted incentive stock options to acquire up to an aggregate of 2,305,000 common shares at a strike price of $0.15 per share. Of the options granted, 1,175,000 have been granted to directors and officers of the Company and the remainder to employees.
The incentive stock options represent the 2020 annual grant. The options vest in three equal tranches with the first tranche to vest immediately and the remainder over two years with an expiry of July 15, 2030. The grant of the options is subject to the terms of the Stock Option Plan and the approval of the TSX Venture Exchange.
About Eguana Technologies Inc.
Based in Calgary, Alberta Canada, Eguana Technologies Inc. designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.