Eguana Tech Sees Production Increase To 400 Units Per Month With Omega Facility Commissioning
Eguana Technologies (TSXV: EGT) appears to have sorted out prior production issues related to its supply chain. The company this morning indicated that it has fully commissioned the Omega EMS San Jose production facility for the production of its products.
“With demand scaling very quickly we took the decision to expedite the full manufacturing and supply chain transition throughout the March quarter. Establishing full turnkey capability and increasing our manufacturing capacity was critical given the market feedback for steady supply,” said CEO Justin Holland.
With commissioning now complete, the company is said to now have all stages of energy storage system production underway, including circuit board, inverter and system assembly. Throughput continues to be improved upon, with current capacity for the facility pegged at 400 units per months.
Notably, that figure is set to increase over the course of the next two quarters, with production set to expand to 800 units per month as a result of expected demand increases. Additional production equipment is currently on order, and to be installed upon arrival.
Lastly, shipment of product is now well underway, with the market response said to be “excellent.”
Eguana Technologies last traded at $0.295 on the TSX Venture.
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