Nesscap Energy Inc
TSX VENTURE : NCE

Nesscap Energy Inc

January 24, 2011 08:00 ET

Nesscap Energy Inc. Begins Trading on TSX Venture Exchange

GIHEUNG, SOUTH KOREA--(Marketwire - Jan. 24, 2011) - Nesscap Energy, Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research, development and manufacturing of ultracapacitor products, begins trading today on TSX Venture Exchange under the symbol NCE.

"This is an exciting day for Nesscap as we begin trading on TSX Venture Exchange. This listing marks a significant milestone for Nesscap as the first Korean company to trade on one of Canada's leading exchanges," said Dr. Sunwook Kim, Chief Executive Officer of Nesscap Energy Inc. "We look forward to our future as a public company and the benefits this will bring to our shareholders as we take Nesscap to the next level of growth."

Nesscap entered the market in 2000 and since then, has received numerous awards for their technological advancements in their field. The most recent acknowledgement was awarded in October 2010, by Cleantech Group, LLC. The Company was listed in their annual Cleantech Report as one of the regional leaders in the Global Cleantech Top 10.

"We are honoured to be acknowledged by our peers in the cleantech community for our success and future prospects in technology innovation," said Dr. Sunwook Kim, Chief Executive Officer of Nesscap Energy Inc. "Our wide range of ultracapacitors enable current technologies to function more efficiently, reduce costs and emissions, while extending the lifetime of our customer's products in many market sectors around the world."

The average market growth rate for ultracapacitors in the last 5 years was 25%; the market is expected to exceed this growth rate over the next 10 years. For Nesscap, Europe and China represents the largest market opportunity for ultracapacitor applications. Demand for efficient alternative green energy is coming from hybrid vehicles, start/stop systems, trains and trams, windmill turbines, fuel cell driven cars and boardnet stabilization. Nesscap's products can be easily implemented to assist with the overall efficiency for diverse applications. 

For more information about Nesscap Energy's listing and the Qualifying Transaction, please see the filing statement dated December 29, 2010, a copy of which is available on SEDAR at www.sedar.com.

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. Uniquely structured, Nesscap products are used to replace or enhance the performance of energy and power needs for modern applications ranging from portable electronic devices to high-tech 'green' cars and are available in both cells and modules. 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.

Certain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in Nesscap's public filings, Nesscap's future outlook and anticipated events or results and can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of markets for products, availability to develop and manufacture products, availability of sufficient financing, receipt of approvals, satisfaction of escrow requirements, satisfaction of closing conditions, obtaining debt financing for capital expenditures, and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other Nesscap filings, and include sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Nesscap filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, Nesscap does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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