CellCube's EnerCube Signs Multi Year Agreement With Pembina Pipeline and Announces Senior Management Team

TORONTO, October 9, 2018 /PRNewswire/ --

CellCube Energy Storage Systems Inc. ("CellCube" or the "Company") (CSE: CUBE) (OTCQB: CECBF) (Frankfurt: 01X) is pleased to announce that a master service agreement (the "Agreement") has been signed between its wholly-owned subsidiary, EnerCube Switchgear Systems Ltd. ("EnerCube") and Pembina Pipeline Corporation ("Pembina"). EnerCube has executed several projects over the past three years providing engineered equipment, electrical buildings (e-houses) including integration to Pembina valued between $12-15 million dollars, however, the Agreement involves a new chapter in the relationship, where EnerCube will provide ongoing services to Pembina with respect to its electrical switchgear needs. The Company has received its initial purchase order from Pembina.

The Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. The Company also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector.

Source: http://www.pembina.com/

"The opportunity to have an agreement with Pembina allows EnerCube to install and maintain Switchgear for several existing and new Pembina sites," says Brian Ricker President & CEO of EnerCube. "We are currently extremely busy writing proposals for both EnerCube switchgear and CellCube energy storage and 2019 looks to be a very exciting year for EnerCube in North America."

Terms  

The term of this Agreement shall be for one (1) year from the date hereof and shall be automatically renewed for up to four (4) additional terms of one (1) year.

EnerCube Leadership Team  

Since becoming President & CEO of EnerCube in March 2018, Brian Ricker has initiated several significant changes to the company's business and has built a management team with a strong background in, and knowledge of, commercialized switchgear and energy storage.

Brian Ricker, President & CEO brings over 30 years of business experience in the electrical industry, including 15 years in senior management roles. He recently left Eaton Corporation (a multi-national power management company) where he was responsible for managing domestic and international projects in the engineered equipment space.