TORONTO, May 23, 2019 /CNW/ -- CELLCUBE ENERGY STORAGE
SYSTEMS INC. ("CellCube" or the "Company") (CSE: CUBE) (OTCQB:
CECBF) (Frankfurt 01X) (WKN:
A2JMGP) is very pleased announce they have won the very sought
after EES award, category Electrical Energy Storage at the Munich
Intersolar/EES event. The award was given for the development of
its CellCube FB500-2000, the largest single module flow-battery
based energy storage system. The award was judged by an independent
industry associated panel.
The new Cell Cube FB500- 2000 offers up to 1,000 volts DC for
charging and discharging and is capable of over 20,000 deep
discharge cycles which translates to a life span of over 25- 30
years. The system is designed for use in large grid-scale utility
applications, collocation with solar parks and wind farms. The
panel also was very impressed with the business plan of leasing the
Vanadium electrolyte as an independent service which lowers the
capital expenditure and price per Kilowatt hour significantly.
https://www.cellcube.com/
https://www.thesmartere-award.com/en/hall-of-fame/hall-of-fame/#c172636
About CellCube Energy Storage Systems Inc.
CellCube is a Canadian public company listed on the Canadian
Securities Exchange (symbol CUBE), the OTCBB (symbol CECBF), and
the Frankfurt Exchange (Symbol 01X, WKN A2JMGP) focused on the
fast-growing energy storage industry which is driven by the large
increase in demand for renewable energy. CellCube supplies
vertically integrated energy storage systems to the power
industry. Enerox GmbH is the developer and manufacturer of
CellCube energy storage systems. CellCube's other related
subsidiary is EnerCube Switchgear Systems Inc., a leading-edge
provider of custom and off-the-shelf electrical equipment and power
control systems
The Company has also invested in an online renewable energy
financing platform, Braggawatt Energy Inc.
CellCube develops, manufactures, and markets energy storage
systems on the basis of vanadium redox flow technology and has over
136 project installations and a 11 year operational track record.
Its highly integrated energy storage system solutions feature 99%
residual energy capacity after 11,000 cycles (cycling daily for 28
years) and larger scale containerized modules. Basic building
blocks consist of a CellCube unit family with 4, 6 and 8 hours
variation in energy capacity.
On behalf of CellCube Energy Storage Systems Inc.,
Stefan Schauss, CEO
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 developments 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", "prospective", and similar
expressions, or that events or conditions "will", "would", "may",
"can", "could" or "should" occur. Forward-looking statements are
based on the beliefs, estimates and opinions of the Company's
management on the date 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 management'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) accept responsibility
for the adequacy or accuracy of this release.
Glenda Kelly,
Investor Communications
+1-800-882-3213
Email: info@cellcubeenergystorage.com
www.cellcubeenergystorage.com
CellCube Energy Storage Systems Inc.
Ste 10 – 8331 River Road
Richmond, BC V6X 1Y1
393 University Avenue, Suite 1810
Toronto, Ontario M5G 1E6
+1-800-882-3213
CSE CUBE 12g3-2(b): 82-2062
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SOURCE CellCube Energy Storage Systems Inc.