CellCube Energy Storage Systems (CUBE-Cse) Further Delay in Filing of Audited Financials
Nov 9, '18 - NR
CellCube Energy Storage Systems announces a further delay in the filing its audited annual financial statements, management's discussion and analysis and related officer certifications for the nine months ended June 30, 2018 (the "Annual Financial Filings").
"It is now our expectation to file early next week," states Mike Neylan, CEO of CellCube. "While we continue to work diligently with our auditors to complete the process, we would like our shareholders to know that the delay continues to be purely a function of the complexity of the financial reporting relating to the consolidation of our recent acquisitions rather than any significant issues with the auditor or the audit process. We are very close to completion."
The Company confirms as of the date of this news release that there is no other material information concerning the affairs of the Company that has not been generally disclosed.
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) 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 and recently acquired the assets of Gildemeister Energy Storage GmbH, now Enerox GmbH the developer and manufacturer of CellCube energy storage systems. CellCube recently acquired EnerCube Switchgear Systems (formerly Jet Power and Controls Ltd.) and Power Haz Energy Mobile Solutions Inc. (formerly HillCroft Consulting Ltd.) and 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 130 project installations and a 10 year operational track record. Its highly integrated energy storage System solutions features 99% residual energy capacity after 11,000 cycles with the focus on larger scale containerized modules. Basic building blocks consist of a 250kW unit family with 4, 6 and 8 hours variation in energy capacity.
On Behalf of CellCube Energy Storage Systems Inc.,
Mike Neylan, CEO, Director
Chris Hopkins CFO, Director
Glenda Kelly, Investor Communications
Lorne Booth
Telephone: +1-647-344-8090
Email: info@cellcubeenergystorage.com
cellcubeenergystorage.com |
