Eguana Technologies Inc. has delivered the first power control solution (PCS) units to a German automotive company under a product development agreement the two firms signed back in March.

For more on the March agreement, click HERE.

The completed PCS is on schedule for certification and on target for general availability through our 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," said Justin Holland, CEO 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."

The identity of the battery manufacturer cannot be released at this time in order to maintain customer confidentiality and for strategic reasons.