Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, announces that it has
engaged Marathon Capital, LLC as exclusive advisor in connection with a proposed
equity financing. The financing will be made on a best efforts fully marketed
private placement basis with the final terms and timeline of same to be
determined in the context of the market and announced at a later date.


"We are very pleased to be partnering with Marathon Capital as we seek to raise
the funds needed to execute our business plan and accelerate Nesscap's growth,"
said Jim Zuidema, Acting Chief Executive Officer of Nesscap Energy Inc.
"Marathon has an impressive track record in the power and renewables sectors and
I look forward to collaborating with them closely over the coming months."


"There are a number of favorable trends driving the rapid growth of the
ultracapacitor market. Nesscap is very well positioned to expand its market
position given its experienced team and superior product performance," said
Terry Grant, Managing Director of Marathon Capital. 


As previously announced, on March 19, 2014, I2BF Energy Inc. (I2BF) and Arbat
Capital Group Ltd. (Arbat) have agreed to participate as lead investors in the
proposed equity financing, with a minimum subscription amount of US $10,000,000.


Nesscap also announces that Mr. George Kreigler III has been appointed as a
Senior Advisor to its Board of Directors with a specific mandate to advise on
corporate strategy and business development as well as to support Nesscap's
fundraising efforts.


George Kreigler III was, until April 2012, Chief Operating Officer of Maxwell
Technologies, a firm that develops, manufactures and markets energy storage and
power delivery products for transportation, industrial, telecommunications and
other applications and microelectronic products for space and satellite
applications. Previously, Mr. Kreigler held a number of roles at Maxwell,
including Senior Vice President of Operations, and Vice President of Operations.
He has more than 30 years of high technology operations management experience,
including supervision of multiple large-scale offshore manufacturing facilities.
Prior to Maxwell, Mr. Kreigler served as a Senior Vice President and General
Manager of Storage Systems at Quantum Corp, a manufacturer of tape drive, tape
automation, data deduplication storage products and scalable file storage
software. Prior to this, he served as a Senior Vice President and General
Manager of DLTtape at Quantum Corp.


"We are excited to welcome George to the Nesscap team," said Jim Zuidema.
"George's knowledge, experience, and skillset will be a tremendous asset as we
continue to develop and implement our growth strategies." 


About Nesscap

Since its inception in 1999, Nesscap Energy Inc. has become an award winning
global leader in technology innovation and product development of
ultracapacitors. Attributes of the ultracapacitor allow for the technology to be
used in applications where power, life cycle requirements, or environmental
conditions limit the suitability of batteries or capacitors. Nesscap products
are available in both cells and modules and are used to enhance the performance
of modern applications ranging from portable electronic devices to high
performance windmills and high-tech 'green' cars. Nesscap features the widest
array of standard commercial products in the market from 3 farads to 6,200
farads with industry recognized alternative organic electrolytes. Customers of
the Company include transportation, power, and consumer markets. Technical and
sales information can be found at www.nesscap.com.


About Marathon Capital

Marathon Capital is a leading financial advisory and investment banking firm
focused on providing financial advice in the areas of M&A, capital raising of
debt and equity, project finance, tax equity, financial restructuring,
recapitalization, bankruptcy and workout situations in the global energy and
infrastructure markets. Marathon Capital was recently awarded "Best Renewable
Asset M&A Advisor" in Power Finance & Risk's 10th Annual Power Finance Deals and
Firms Awards in 2013.


Neither the TSXV nor its Regulation Services Provider (as that term is defined
in the policies of the TSXV) has in any way approved or disapproved of the
contents of this press release.


Forward-Looking Statements

Included in this news release are matters that constitute "forward-looking"
information within the meaning of Canadian securities law. Such forward-looking
statements may be identified by words such as "plans", "proposes", "estimates",
"intends", "expects", "believes", "may" or words of a similar nature. There can
be no assurance that such statements will prove to be accurate. Actual results
and future events could differ materially from such statements. Factors that
could cause actual results to differ materially include among others, regulatory
risks, risk inherent in foreign operations, commodity prices and competition.
Most of these factors are outside the control of the Company. All subsequent
forward-looking statements attributable to the Company or its agents are
expressly qualified in their entirety by these cautionary comments. Except as
otherwise required by applicable securities statutes or regulation, the Company
expressly disclaims any intent or obligation to update publicly forward-looking
information, whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nesscap Energy Inc.
Jim Zuidema
Chief Executive Officer (Acting)
845-652-0833
jzuidema@nesscap.com

Nesscap Energy Inc. (TSXV:NCE)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024 Plus de graphiques de la Bourse Nesscap Energy Inc.
Nesscap Energy Inc. (TSXV:NCE)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024 Plus de graphiques de la Bourse Nesscap Energy Inc.