CellCube Announces Receipt of US$1.67 Million Refund

Energy storage provider CellCube (CSE:CUBE,OTCQB:CECBF,FWB:01X) reports that it has now received the amount of US$1.67 million from certain transactional fees from the Austrian government.

CellCube is a leader in the energy storage sector providing large scale energy storage systems utilizing vanadium flow battery technology.

As quoted from the press release:

This refund, coupled with the recently announced US$2 million private placement (news release on August 3, 2018), will ensure smooth operational financing and transition into 2019 as we expect revenue to ramp up in Q3/Q4 of this year and into the following years.

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