Concepts Unplugged: Business Environment Solutions Inc. (CUBES) is engaged in the business of providing refrigeration to established cold storage facilities through a US-patented ThermoChiller system developed in the United States. The technology significantly reduces operating costs arising from high electricity bills and recurring equipment repair expenses and can provide refrigeration up to -25 degrees Celsius.
This modular system is scalable, easily replicable and has been deployed in numerous sites in the US for the past 15 years. CUBES is the exclusive project company of this technology for the Asia Pacific region. For the Philippines, the technology will be deployed as off-grid installations that will utilize alternative fuel sources, specifically biomass, thereby contributing to environmental sustainability by diminishing the dependence on fossil fuels and the electricity grid.
CUBES’ business model involves the installation of its equipment at the client’s facility, with monthly service fees as the client’s expenditure – which will be significantly lower than monthly electrical fees, thanks to CUBES’ refrigeration technology. The risk of failure of CUBES’ system is mitigated by the fact that the client can simply revert back to their old refrigeration system in case of such event. CUBES’ unique technology has already drawn major clients, such as Jentec, the largest cold storage and cold chain logistics company in the Philippines, which services, among other companies, the Jollibee Food Group, KFC, Selecta, and Nestle.
Premiere Horizon’s acquisition of the majority stake in CUBES is aligned with PHA’s thrust of invigorating the countryside with its focus on food security through its support of cold storage facilities.