TORONTO, June 14, 2018 /PRNewswire/ --
CellCube Energy Storage Systems Inc. ("CellCube" or the "Company")(CSE: CUBE)(CSE:
CUBE.CN) (OTCQB: STNUF)(Frankfurt: 01X) is very pleased to name Mike Neylan as the new President and CEO of CellCube effective June 15,
2018.
Mr. Neylan has over 20 years of extensive financial, legal and international corporate experience. Most recently, he was a
portfolio manager in the private equity division of Sprott Inc. ("Sprott"), a leading alternative investment manager with over
$11 billion in assets under management, where he was primarily responsible for establishing Sprott
Asia. While at Sprott, he helped raise over $500 million of institutional investment capital from
China and Korea and executed over $300 million of investments
predominantly in the resource and renewable power sectors. Sprott, and certain investment entities managed by Sprott, have also
invested in CellCube.
Mike was formerly the Chief Operating Officer of Aquilon Power Corp. where he managed an alternative investment fund focused
on physical power trading. He was also previously legal counsel for both Nortel Networks at its global headquarters and for the
Royal Bank of Canada/RBC Capital Markets in London,
England.
Mike holds a Bachelor of Arts in Economics from the University of Western Ontario and a Bachelor
of Laws from Queen's University.
"I was intrigued with CellCube's proven vanadium redox flow battery technology and the rapid progress the Company has made in
advancing much needed energy storage solutions in the marketplace," stated Mr. Neylan. "My experience in the energy industry
leads me to believe that the timing is right for a rapid deployment of CellCube's energy storage solutions globally."
"Enerox is pleased to welcome Mike Neylan as part of the executive team in his role as the new
CEO for CellCube. His insight into power trading markets and his experience in large company management will accelerate our
mission to serve modern energy markets which are in a major transition towards new, disruptive forms of value generation in
energy trading," said Stefan Schauss, President & CEO of Enerox GmbH, the CellCube product
wholly-owned subsidiary.
Mike will be replacing Brian Stecyk who has lead CellCube over the past two years through a
period of rapid and successful global expansion.
"CellCube is absolutely delighted to be able to attract the calibre of a person such as Mike
Neylan with his broad international business experience and proven management skills," stated Brian Stecyk. "This appointment should send a strong signal to the marketplace that, under Mike's leadership,
we are ready to compete against any entity in the world in the energy storage space."
The board of directors of CellCube would like to extend its sincere appreciation to Brian
Stecyk for his leadership over the past year and his commitment and dedication to the Company which has allowed it to
become a world leader. Mr. Stecyk will be remaining as a director of CellCube.
About CellCube:
CellCube's acquisition of the assets of Gildemeister Energy Storage GmbH has transformed CellCube and its wholly-owned
subsidiary, Enerox GmbH, into a leading integrated resource and energy storage company. Together with the company's recent
acquisition of Jet Power & Control Systems Ltd. (now renamed EnerCube Switchgear Systems Inc.) and Hillcroft Consulting Ltd.
(renamed PowerHaz Energy Mobile Solutions Inc.) and its investment in Braggawatt Energy Inc., CellCube is gearing up to deliver
fully vertically integrated energy storage solutions to utilities and independent power producers for both stand-alone energy
storage projects as well as projects where energy storage enhances the value proposition from renewable energy generation.
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 http://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) accepts
responsibility for the adequacy or accuracy of this release
For further information, please contact:
Glenda Kelly
CellCube Energy Storage Systems Inc.
Telephone: +1800-822-3213
Email: info@cellcubeenergystorage.com
http://www.stinaresources.com
http://www.cellcubeenergystorage.com