Eguana delivers first units of PCS to German customer
2016-06-13 09:41 ET - News Release
Mr. Justin Holland reports
EGUANA DELIVERS FIRST UNITS TO GERMAN AUTOMOTIVE PARTNER
Eguana Technologies Inc. has delivered first units of the power control solution (PCS) developed for its German automotive customer. The units have passed all functional testing detailed in the specification of the previously announced development contract entered into in March, 2016: Eguana executes development contract with German automotive subsidiary.
The completed PCS is on schedule for certification and on target for general availability through the company's partner in late 2016. Volume order negotiations have begun and the company expects orders to begin shipping in the fall.
"With a general product availability target within 2016 the development teams were under significant pressure to deliver a custom product in less than 90 days," commented Justin Holland, chief executive officer of Eguana. "Through a very tight collaboration this goal was achieved, functional testing was a success and the product will now be certified through the regulatory process and available this calendar year."
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