American Vanadium Receives First Commercial Order for CellCube

American Vanadium (TSXV:AVC,OTCQX:AVCVF) announced it has signed an agreement with Newfound Energies to sell two 30KWh-130KWh CellCube vanadium flow energy storage systems. This is the first purchase order the company has received as the North American agent for GILDEMEISTER.

According to the press release:

Newfound Energies has signed a purchase order, subject to financing, for two 30KW-130KWh CellCube vanadium flow energy storage systems for integration into a remote microgrid fuel and logistics center. This is the first purchase order American Vanadium has received as the North American agent for GILDEMEISTER energy solutions’ CellCubes.

Bill Radvak, president and CEO, said:

This marks an important milestone on our path to commercialization for the CellCube product line here in North America, which is recognized as the fastest growing segment of the global market for energy storage. We are uniquely positioned with the CellCube system and, based on our sales pipeline and the ongoing developments in our markets, we are confident this is the start of a sales program which will grow at an impressive pace.

Click here to read the American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) press release