CellCube Announces Board and Management Appointments

TORONTO, March 19, 2019 /PRNewswire/ -- CellCube Energy Storage Systems Inc. ("CellCube" or the "Company") (CSE: CUBE) (OTCQB: CECBF) (Frankfurt: 01X) (WKN: A2JMGP) is very pleased announce three highly regarded members of the business community to the board of directors, Michael Nobrega, Brett Whalen and Henrik Mickkelsen. The newly appointed directors will join Stefan Schauss, Henk van Alphen and Bruno Arnold on the board.

"The new board members represent a new phase in the company operations and also an exceptional vote of confidence for the Company and its tremendous future," says Stefan Schauss, President  "Their combined experience in the capital markets, especially in the resource, power and renewable energy sectors will make a valuable contribution to the Company's business strategy to meet the needs in a fast-growing energy storage market."

Appointments:

Michael J. Nobrega FCPA, FCA was President and CEO of the Ontario Municipal Employees Retirement System (OMERS), one of Canada's largest pension funds with net assets in excess of $95 billion. Prior to his seven year term (2007 -2014) as OMERS President and CEO, Mr. Nobrega was tasked, from 1998 to 2007, with establishing and building Borealis Infrastructure, the wholly owned infrastructure investment entity of OMERS, as a world class institutional investor in global infrastructure assets. Prior to OMERS and Borealis, Mr. Nobrega was a tax partner of a major international accounting firm. Currently, Mr. Nobrega is Acting President and CEO of Waterfront Toronto Revitalization Corporation which is responsible for the revitalization of the City of Toronto's waterfront lands.

Borealis Infrastructure was a pioneer in 1998 in establishing the infrastructure asset class for global capital pools. This early entry into the asset class provided OMERS with opportunities to invest globally in major infrastructure assets such as power generation, transmission systems, hydro utilities, natural gas pipelines, toll roads, ports, bridges and rail tunnels – assets which form the foundation of a modern economy. 

Prior to retiring from OMERS in 2014, Mr. Nobrega was instrumental in establishing OMERS Ventures which has pioneered pension fund venture investments in high potential technology companies throughout North America. He is currently serving as Chair of Ontario Centers of Excellence (OCE) which promotes and supports the development and commercialization of Canadian technologies through funding partnerships between governments and the private sector.