CellCube Announces Sales and Production Progress for Subsidiary Enercube
Date: Sep 26, 2018
CellCube Energy Storage Systems Inc. (“CellCube” or the “Company”) (CSE CUBE) (OTCQB CECBF) (Frankfurt 01X) is pleased to announce that Enercube Switchgear Systems Inc. (“Enercube”), a wholly-owned subsidiary of CellCube, is expected to deliver six completed projects in the 3rd Quarter ending September 30, 2018 and at the start of the 4th Quarter in October, 2018. The total value of the contracts for the six projects is $3.9 million.
These projects involve switchgear and specially designed engineered equipment within several industrial segments, including oil & gas, wastewater, and pulp & paper. The projects are for customers located in British Columbia, Alberta and Saskatchewan.
CellCube acquired Enercube (formerly called Jet Power and Controls Ltd.) in the second quarter of 2018 and since then significant changes to operations and personnel have been put in place.
“The outlook for Q4 looks very promising thanks to new product development, closing orders and shipping completed projects,” says Enercube President, Brian Ricker. “Immediately following the purchase of Jet Power we spent a great deal of effort in the reorganization of the company, including management changes, improvements in manufacturing capability, quality control and customer service. We have re-connected with many past customers and are now looking forward to increased sales and deliveries.”
