Nesscap Energy Inc. Receives Approval for Quality and Performance from Chinese Certification Agency

SEOUL, SOUTH KOREA--(Marketwire - July 14, 2011) - Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research, development and manufacturing of ultracapacitor products, announced today that the China Quality Certification Centre ("CQC") has approved Nesscap's 48V 166F ultracapacitor module for use in automotive applications in China.

The CQC approval certifies that Nesscap's 48V166F modules fully comply with the QC/T 741 standard for electrical performance and mechanical durability for UC modules in automotive applications. The QC/T 741 was drafted to ensure that the ultracapacitor modules being used for automotive applications meet a certain standard of quality in electrical performance and in mechanical durability. The 48V 166F module was tested to ensure that it complies with such standard and was found to meet the requirements.

"Our customers are looking for a versatile ultracapacitor solution to improve vehicle efficiency and this certification demonstrates Nesscap's quality in manufacturing products to meet customer demands." said Dr. Sunwook Kim, CEO of Nesscap Energy Inc. "For Nesscap, China represents the largest market opportunity for ultracapacitor applications. Demand for efficient alternative green energy is required for a diverse range of hybrid vehicles."

QC/T 741 addresses all aspects of ultracapacitors in automotive applications, especially in EV or HEV applications, such as engine starting and traction-boost. The standard includes general requirements for ultracapacitor performance and prescribes measurement methods of electrical characteristics for the ultracapacitor pack. It also includes requirements concerning mechanical durability to vibration and shock, quality of manufactured products, product marking methods, packaging, transportation, and storage of ultracapacitor packs. The products certified under this standard are deemed acceptable for use in the above mentioned applications in the People's Republic of China.

The 48V modules are lightweight, fully integrated and aluminum encased and range in capacitance from 36 Farads to 166 Farads. These modules provide ease of use integration for power hungry automotive, industrial and telecom applications providing versatile building blocks for complete systems with higher voltage requirements.

Nesscap's 48V series modules were designed with integrated cell balancing and monitoring capabilities and efficient cooling configuration that would enable them to sustain continuous high currents with minimal temperature increase in heavy-duty cycle environments. The modules are to meet the needs of Nesscap customers' rigorous applications and to provide them the unique power solution that they require.

Detailed technical information regarding these modules can be found at www.nesscap.com.

For more information about Nesscap Energy's listing and the Qualifying Transaction, please see the prospectus dated December 29, 2010 as well as its Annual Information Form, copies of which are available on SEDAR at www.sedar.com.

About CQC

China Quality Certification Centre (CQC) is a professional certification body under China Certification & Inspection Group (CCIC) approved by State General Administration for Quality Supervision and Inspection and Quarantine and Certification and Accreditation Administration of the People's Republic of China. CQC is a national certification body (NCB) in IECEE CB system and an official member of China in IQNet, IFOAM, ANF and CITA. We have been officially authorized by the Japanese government to offer compulsory product certification (PSE) service for Japanese products. Also, we are authorized by Germany-based KBA to provide Chinese applicants for E1/e1-Mark certification with factory inspection service, and authorized by the Ministry of Commerce of China as the Export Commodities Technical Service Center. In addition, we have established cooperative relations with 27 certification bodies from 19 countries and regions.

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.

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.