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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.
Enercube Switchgear Systems Inc., a wholly-owned subsidiary of CellCube Energy Storage Systems, received a $1,100,000 purchase order from Raptor Rig Ltd. for custom switchgear for drilling rigs.