Nesscap Announces Engagement of Marathon Capital, LLC as Exclusive Advisor & Appointment of George Kreigler as Senior Advisor...
30 Avril 2014 - 10:00PM
Marketwired
Nesscap Announces Engagement of Marathon Capital, LLC as Exclusive
Advisor and Appointment of George Kreigler as Senior Advisor to the
Board of Directors
SEOUL, SOUTH KOREA and TORONTO, ONTARIO--(Marketwired - Apr 30,
2014) - 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.
Nesscap Energy Inc.Jim ZuidemaChief Executive Officer
(Acting)845-652-0833jzuidema@nesscap.com
Nesscap Energy Inc. (TSXV:NCE)
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