- Eguana (EGT) expands operational capacity in Southern California
- Eguana has established packaging, logistics, and customer service capabilities in the market and will commission assembly capabilities during the quarter
- The Noratel team has been trained by Eguana personnel and first shipments have been completed from the Carson facility
- Based in Calgary, Alberta, Eguana Technologies designs and manufactures high performance residential and commercial energy storage systems
- Eguana Technologies (EGT) is up 10.81 per cent and is trading at C$0.41 at 12:40 pm ET
Eguana Technologies (EGT) has begun assembling products in Carson, California for the US market.
Through an expanded partnership with its key supplier Noratel, Eguana has established packaging, logistics, and customer service capabilities in market and will commission assembly capabilities during the quarter.
“We are excited to expand our partnership with Eguana and offer packaging, logistics, and assembly services in addition to magnetics supply from our established facility in Carson California,” said Steve Nolan, Managing Director of Noratel Canada and Director of Noratel Power Engineering.
“We have seen a significant order increase with respect to Eguana magnetics over the last several months and our team is excited to execute on the assembly plans and ramp up shipments to Eguana customers,” added Nolan.
“Noratel is a long-standing partner and we were happy to be in position to ramp up material orders with them, along with all our key partners, to scale the business and meet continued demand in California” commented Eguana Chief Executive Officer Justin Holland.
“The operations team has also been successful in securing additional storage space close to the Carson facility, which provides further flexibility within our supply chain and will help mitigate future supply disruption as a result of the global pandemic and stressed shipping lanes,” concluded Holland.
The Noratel team has been trained by Eguana personnel and first shipments have been completed from the Carson facility.
In addition to the operational expansion with Noratel, Eguana has secured off-site storage capacity in the Carson area to manage its raw material overflow as part of its inventory positioning plan.
Noratel was founded in 1925, today it is servicing the industry worldwide as a leading global provider, proud to offer the most comprehensive range of transformers, reactors and power supplies.
The major part of Noratel production is dedicated to custom design and manufacturing to meet the requirements of OEM customers. Noratel employs 2000+ people worldwide.
Based in Calgary, Alberta, Eguana Technologies designs and manufactures high-performance residential and commercial energy storage systems.
Eguana Technologies (EGT) is up 10.81 per cent and is trading at C$0.41 at 12:40 pm ET.