Nesscap Energy Inc.
TSX VENTURE : NCE

Nesscap Energy Inc.

April 04, 2016 16:00 ET

Nesscap Energy Inc. Launches New XP™ Line of Small-Cell Ultracapacitor Products

SEOUL, SOUTH KOREA--(Marketwired - April 4, 2016) -

Editors Note: There is a photo associated with this press release.

Nesscap Energy Inc. (the "Company" or "Nesscap") (TSX VENTURE:NCE), a global leader in research, development and manufacturing of ultracapacitor products, is proud to introduce the XP™ product line, the newest addition to the Company's highly regarded series of small-cell ultracapacitors.

XP™ products are engineered specifically for applications that operate over long durations in environments with high temperature and humidity. Proprietary product and manufacturing enhancements, designed into XP™, significantly reduce the likelihood of long term reliability issues resulting from prolonged operation in adverse environmental conditions. Under biased test conditions (2.7V, 90% relative humidity, 60°C), XP™ products deliver a 3X improvement compared to benchmarked industry-standard cells. XP™ products are offered at capacitances ranging from 3 to 50 farads with dimensions and electrical specifications identical to those of Nesscap's corresponding standard cells. All products have been extensively tested to ensure adherence to strict performance standards and will be compliant with RoHS, UL, and REACH.

"Customer focus, innovation and the steadfast commitment of our development team were the key drivers which have allowed us to bring to market the valuable enhancements provided by XP™," said Jim Zuidema, Acting Chief Executive Officer of Nesscap. "XP™ represents a significant step in the advancement of our well-established and successful line of small-cell products which has sold 40 million units since introduction more than 15 years ago."

"We are already receiving positive feedback from select customers who are currently using XP™ products," said Robert Tressler, Chief Business Development Officer of Nesscap. "Maintaining standard dimensions and electrical parameters enables seamless transitions, with minimal redesign efforts, for customers who want to move to XP™. Looking forward, we fully expect the benefits of XP™ to enable new applications and to further expand Nesscap's small-cell deployments worldwide."

XP™ products are currently available for purchase from Nesscap and select distribution partners. Customer inquiries can be made at info@nesscap-energy.de (Europe) or marketing@nesscap.com (all other regions). Technical details and specifications are available at www.nesscap.com. In addition to XP™, Nesscap will continue offering its series of high performing standard small-cell products which are used in applications such as advanced metering, automotive, telematics, actuators and many more.

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 6200 farads with industry recognized alternative organic electrolytes. Customers of the Company are active in the transportation, renewable energy, industrial, and consumer markets. Technical and sales information can be found at www.nesscap.com.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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.

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