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Stina Announces Completion of Acquisition of the Gildemeister Assets and Resumes Production of CellCube Vanadium Flow Battery
Stina Announces Completion of Acquisition of the Gildemeister Assets and Resumes Production of CellCube Vanadium Flow Battery.
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[{"type":"text","content":"\n\n\n\nStina Announces Completion of Acquisition of the Gildemeister Assets and Resumes Production of CellCube Vanadium Flow Battery\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nStina Announces Completion of Acquisition of the Gildemeister Assets and Resumes Production of CellCube Vanadium Flow Battery\nCanada NewsWire\nTORONTO, May 1, 2018\n\n\n\nTORONTO, May 1, 2018 /CNW/ --\n\nStina Resources Ltd. (\"Stina\" or the \"Company\") (CSE: SQA) (OTCQB: STNUF) (Frankfurt: 01X) is pleased to announce the completion of an arm's length transaction to acquire all the  outstanding assets of former Gildemeister Energy Storage GmbH, including its CellCube vanadium flow battery, and its energy storage business.  \n\nStina has established a new wholly-owned Austrian subsidiary, Enerox GmbH, that has acquired the Gildemeister assets and business. 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, it has installed vanadium flow batteries at over 100 sites globally.\n\nAs energy storage deployments continue to rapidly increase globally, Stina is committed to invest in technology to further its industry advantages as a global, integrated energy storage company for both customer-sided and utility scale energy storage applications. \n\n\"Our investment in the former Gildemeister's assets have enabled us to immediately offer leading energy storage technology to global markets and complements our vision for Stina to be a fully integrated energy storage company. With our end-to-end business approach, we are bringing about the next evolution in the way energy storage will be integrated in demand-side and distributed generation power infrastructure alike,\" says Brian Stecyk, President and CEO of Stina.\n\n\"Enerox is pleased to announce the acquisition of all the assets of Gildemeister's CellCube energy storage business and will now be able to immediately resume the sale and installation of its energy storage solutions.  CellCube batte...