09:21:40 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Cellcube Energy Storage Systems Inc
Symbol CUBE
Shares Issued 136,735,503
Close 2018-07-04 C$ 0.36
Market Cap C$ 49,224,781
Recent Sedar Documents

ORIGINAL: Cellcube Energy closes Pure Vanadium acquisition

2018-07-05 06:15 ET - News Release

Received by email:

File: CUBE-NR-07052018.docx

/
CellCube Energy Storage Systems Inc.
Ste 10 - 8331 River Road
Richmond, BC V6X 1Y1
65 Queen St West, Suite 520
Toronto, Ontario M5H2M5
1-800-882-3213
CSE CUBE    12g3-2(b): 82-2062 OTCQB CECBF  Frankfurt 01X
www.cellcubeenergystorage.com

Press Release

CellCube Energy Storage Systems Closes Acquisition of Pure Vanadium Corp.

July 5th, 2018, Toronto, Canada - CellCube Energy Storage Systems Inc. ("CellCube" or the "Company") (CSE CUBE) (OTCQB
---> CECBF) (Frankfurt 01X) is pleased to announce the closing of the acquisition of Pure Vanadium Corp. ("Pure") (announc
--->ed July 18, 2017).  Pure is a research and technology company involved in the development of vanadium electrolyte ("VE
--->") formulations for grid-scale electrical storage batteries. High quality VE is a key component of vanadium redox flow
---> batteries.

Pure holds a portfolio of licenses for the production and sale of VE.  Pure's licenses were granted by the Battelle Me
--->morial Institute, the operator of Pacific Northwest National Laboratory, a US Department of Energy National Laboratory
--->. The acquisition of Pure supports the long-term objective of the Company to become the first North American verticall
--->y integrated producer of vanadium electrolytes for the energy storage industry. 

"This is an important acquisition as a part of our strategy is to refine the VE formula to make it more economical for
---> vanadium redox flow batteries," stated Mike Neylan, CEO of Cellcube. "Cellcube's acquisition of Pure will advance the
---> relationship and continue the work with PNNL to commercialize the scientific technology PNNL has developed."  

Under the terms of the acquisition, Pure will become a wholly-owned subsidiary of CellCube and the Company will acquir
--->e all the assets and assume the obligations owing in connection with Pure's research & development and business operat
--->ions. Cellcube will acquire all the outstanding common shares of Pure for total cash consideration of $187,000.

About Pure Vanadium Corp.:
Pure holds a portfolio of licenses for the production and sale of VE. Pure's research and development activities invol
--->ve the production of VE formulations for rapidly expanding vanadium redox flow battery technologies that are employed 
--->in grid-scale electrical storage.

About CellCube:
Cellcube's acquisition of the assets of Gildemeister Energy Storage GmbH has transformed CellCube and its wholly-owned
---> subsidiary, Enerox GmbH, into a leading integrated resource and energy storage company. Together with the Company's r
--->ecent acquisition of EnerCube Switchgear Systems Inc. (formerly Jet Power & Control Systems Ltd.) and PowerHaz Energy 
--->Mobile Solutions Inc. (formerly HillCroft Consulting Ltd.)  and its investment in Braggawatt Energy Inc., CellCube is 
--->gearing up to deliver fully vertically integrated energy storage solutions to utilities and independent power producer
--->s for both stand-alone energy storage projects as well as projects where energy storage enhances the value proposition
---> from renewable energy generation.

For further information, please contact: 
Glenda Kelly
CellCube Energy Storage Systems Inc.
Telephone: 403.830.1436 Email: info@cellcubeenergystorage.com
www.stinaresources.com
coming soon:  www.cellcubeenergystorage.com


This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation.
---> Forward-looking statements are statements that are not historical facts which address events, results, outcomes or de
--->velopments that the Company expects to occur; they are generally, but not always, identified by the words "expects", "
--->plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "pros
--->pective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occ
--->ur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the dat
--->e the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding
---> such forward-looking statements are discussed in this news release and the Company's annual and quarterly management'
--->s discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations
---> applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if managem
--->ent's beliefs, estimates or opinions, or other factors, should change.  
 Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts res
--->ponsibility for the adequacy or accuracy of this release.



© 2024 Canjex Publishing Ltd. All rights reserved.