# Pedro Resources to acquire assets of Enercube and PowerHaz from CellCube

Pedro Resources Ltd. entered a non-binding term sheet to purchase all assets of Enercube Switchgear Systems Inc. and PowerHaz Energy Mobile Solutions Inc., subsidiaries of CellCube Energy Storage Systems Inc., for $1.75 million in cash and securities.

- Type: Acquisition
- Announced: 2019-10-03
- Where: Canada
- Value: $1.75M
- Status: announced
- Products: vanadium redox flow batteries
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [EnerCube Switchgear Systems](https://endata.com/companies/38393.md) (target)
- [CellCube Energy Storage Systems](https://endata.com/companies/39141.md) (target)
- [Pedro Resources Ltd.](https://endata.com/companies/42518.md) (acquirer)
- [PowerHaz Energy Mobile Solutions Inc.](https://endata.com/companies/42519.md) (target)

## Sources

- [lelezard.com](http://lelezard.com/en/news-18956377.html), 2019-10-03: "Pedro intends to purchase all of the assets of Enercube Switchgear Systems Inc. and PowerHaz Energy Mobile Solutions Inc., subsidiaries of CellCube."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.