Sunwave Energy Efficiency for Residential Energy Storage Product Line

Eguana Technologies, a leading supplier of high performance power conversion and control systems, and Sunwave Energy Efficiency ("Sunwave"), a division of ONEnergy (TSX VENTURE:OEG) jointly announced today that Sunwave has selected Eguana's AC Battery with LG Chem lithium-ion batteries for use in its line of energy storage solutions. As previously announced, Sunwave has entered into a distribution and sales agreement with LG Chem and is introducing market-leading residential and commercial/industrial storage solutions in Canada and in six U.S. states during the third quarter of 2015.

Eguana's AC Battery incorporates its patented Bi-Direx Power Control System ("PCS") and balance of system ("BOS") components and lithium-ion battery modules from LG Chem in a pre-integrated and factory assembled UL certified product solution.

"At Sunwave Energy Efficiency our commitment to best-in-class energy storage products continues with our residential energy storage offering," said Sandro Costa, Vice President, Sunwave Energy Efficiency. "Eguana's residential storage product brings robust, reliable and affordable commercial-grade energy storage to the home. Working with Eguana technology allows Sunwave to bring to homeowners a more resilient home infrastructure and provide a cost effective way to harness renewables and off-peak energy pricing."

Sunwave's advanced residential energy storage system, which is based around LG Chem's lithium-ion batteries and Eguana's industry-leading PCS will enable Sunwave to provide residential customers with scalable, flexible solutions to address multiple applications including demand charge management, peak shaving, off-peak energy storage, renewables integration, and emergency backup systems. Sunwave will provide customers with comprehensive technical and service support including system design, installation and maintenance services.

"Eguana and LG Chem have been working in parallel to develop strategic channels within the residential grid service sector so we are pleased to have Sunwave join as a strategic partner," said Michael Carten, CEO, Eguana Technologies. "Sunwave has developed unique channels leveraging existing relationships with utilities, new home builders and solar PV installers which will expedite our market entrance strategy on both sides of the border."

Eguana's model is to deliver a fully integrated UL certified energy storage system with best-in-class lithium-ion batteries that is easily installed and which needs only the energy management and controls to provide a complete product solution for home energy storage solutions.