Date: May 23, 2018

CellCube Energy Storage Systems Inc. (“CellCube or the “Company”) (CSE: CUBE) (OTCQB: STNUF) (Frankfurt: 01X) is pleased to announce the appointment of Mr. Alexander Schoenfeldt as Managing Director of the CellCube vanadium flow battery for Enerox GmbH (“Enerox”).

CellCube’s wholly-owned subsidiary, Enerox, is one of the world’s first and largest researchers, developers, manufacturers and distributors of vanadium flow batteries. As an industry leader in the energy storage sector, Enerox has installed its CellCube vanadium flow batteries at over 100 sites around the world.

Alexander is a thought leader in technology-based growth and turnaround situations in the energy industry. Alexander has innovated and developed smart and disruptive business solutions in the area of smart grids, power generation, SaaS, digitalisation or energy storage. As an executive manager Alexander is able to simplify big pictures into commercialized digestible must haves and a clear roadmap for his customers, shareholders and team members.

Alexander has held several global and regional management positions in business development, sales, marketing and product management both in large enterprises such as Siemens or start-up companies like Anyline, Locamation or recently Younicos in Berlin.

Alexander has now been appointed the managing director of Enerox GmbH in Wiener Neustadt to become the global leader in redox flow-based energy storage systems.

“I am thrilled to join the CellCube family just now”, Alexander stated after signing the contract. “a perfect timing when market signals clearly indicate the growing demand for longer duration storage systems. The CellCube products are not only known as the most advanced in the market I am very excited to offer a very powerful technical and commercial solution to our clients and become the global market leader.”

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