NCE

Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, announces that its
Chief Executive Officer Dennis Orwig has left Nesscap, effective November 21,
2012, in order to take up new business challenges.


"We thank Dennis for his contribution to Nesscap and wish him well in his new
opportunities" said Dr. Sunwook Kim, Chairman of Nesscap Energy Inc.


As an interim measure, the Board of directors of Nesscap has appointed Jim
Zuidema, currently Nesscap's Chief Financial Officer, to serve as Chief
Executive Officer on an acting basis, as the Board reviews suitable candidates
for the position.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nesscap Energy Inc.
Debbie Bamforth
Corporate Communications
905-599-3322
dbamforth@nesscap.com


Nesscap Energy Inc.
Jim Zuidema
Acting Chief Executive Officer and Chief Financial Officer
845-652-0833
jzuidema@nesscap.com
www.nesscap.com

Nesscap Energy Inc. (TSXV:NCE)
Historical Stock Chart
From Jun 2024 to Jul 2024

Nesscap Energy Inc. (TSXV:NCE)
Historical Stock Chart
From Jul 2023 to Jul 2024