MILWAUKEE, Nov. 15, 2017 /PRNewswire/ -- EnSync, Inc. (NYSE
American: ESNC), dba EnSync Energy Systems (the "Company" or
"EnSync Energy"), a leading developer of innovative
distributed energy resources (DERs), today announced that its 2017
Annual Meeting of Shareholders (the "Annual Meeting") scheduled for
and convened on November 14, 2017,
was adjourned to allow additional time for the shareholders to vote
on the proposals set forth in the Company's proxy statement filed
with the Securities and Exchange Commission
("SEC").
The Annual Meeting has been adjourned to 10:00 a.m. local time on Tuesday, December 19, 2017, at the Company's
corporate headquarters at N93 W14475 Whittaker Way, Menomonee Falls, Wisconsin 53051 to allow
additional time for the shareholders to vote on the proposals set
forth in the Company's proxy statement filed with the SEC.
During the period of the adjournment, the Company will continue
to solicit proxies from its shareholders with respect to the
proposals set forth in the Company's proxy statement. Only
shareholders of record on the record date September 27, 2017, are entitled to and are being
requested to vote. If a shareholder has previously submitted its
proxy card and does not wish to change its vote, no further action
is required by such shareholder.
WE STRONGLY ENCOURAGE YOU TO VOTE YOUR SHARES TODAY.
The Company encourages all shareholders who have not yet voted
to do so. Regardless of the number of shares you own, it is
important that they be represented at the meeting. Your vote
matters to us and we need your support. Please vote your shares now
so that your vote can be counted without delay.
About EnSync Energy Systems
EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems
(EnSync Energy), is creating the future of electricity with
innovative distributed energy resource (DER) systems and internet
of energy (IOE) control platforms. EnSync Energy ensures the most
cost-effective and resilient electricity, delivered from an
electrical infrastructure that prioritizes the use of all available
resources, such as renewables, energy storage and the utility grid.
As project developer, EnSync Energy's distinctive engagement
methodology encompasses load analysis, system design consulting,
and technical and financial modeling to ensure energy systems are
sized and optimized to meet our customers' objectives for value and
performance. Proprietary direct current (DC) power control
hardware, energy management software, and extensive experience with
numerous energy storage technologies uniquely positions EnSync
Energy to deliver fully integrated systems that provide for
efficient design, procurement, commissioning, and ongoing
operation. EnSync Energy's IOE control platform adapts easily to
ever-changing generation and load variables, as well as changes in
utility prices and programs, ensuring the means to make or save
money behind-the-meter, while concurrently providing utilities the
opportunity to use DERs for an array of grid enhancing services. In
addition to direct system sales, EnSync Energy includes power
purchase agreements (PPAs) in its portfolio of offerings, which
enables electricity savings for customers and provides a stable
financial yield for investors. EnSync Energy is a global
corporation, with joint venture Meineng Energy in AnHui, China, and energy project development
subsidiary Holu Energy LLC in Hawaii, and DCfusion LLC, a power system
engineering and design, consultancy and policy firm. For more
information, visit www.ensync.com.
Additional Information and Where to Find It
This communication may be deemed to be a solicitation of proxies
in respect of the transactions described in the definitive proxy
statement filed by the Company with U.S. Securities and Exchange
Commission (SEC) on October 5, 2017
(the "Proxy Statement"). The Proxy Statement was sent or given to
the shareholders of the Company on or about October 5, 2017 and contains important
information about the transactions described therein and other
related matters. SECURITY HOLDERS ARE URGED TO READ THE PROXY
STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO)
CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. The Proxy
Statement and other relevant materials and other documents filed by
the Company with the SEC may be obtained free of charge at the
SEC's website at www.sec.gov. In addition, security holders will be
able to obtain free copies of the Proxy Statement from the Company
by contacting Lytham Partners at (602) 889-9700 or by going to the
Company's Investor Relations page on its corporate website at
www.ensync.com.
Participants in the Solicitation
The Company and its directors and executive officers and other
persons may be deemed to be participants in the solicitation of
proxies in respect of the proposed transactions described in the
Proxy Statement filed by the Company with SEC on October 5, 2017. Information regarding the
Company's directors and executive officers is available in its
Annual Report on Form 10-K for the year ended June 30, 2017, which was filed with the SEC on
September 27, 2017, as well as the
Proxy Statement. Other information regarding the participants in
the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, is contained
in the Proxy Statement.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, that are intended to
be covered by the "safe harbor" created by those sections.
Forward-looking statements, which are based on certain assumptions
and describe our future plans, strategies and expectations, can
generally be identified by the use of forward-looking terms such as
"believe," "expect," "may," "will," "should," "could," "seek,"
"intend," "plan," "goal," "estimate," "anticipate" or other
comparable terms. All statements other than statements of
historical facts included in this press release regarding our
strategies, prospects, financial condition, operations, costs,
plans and objectives are forward-looking statements. Examples of
forward-looking statements include, among others, statements we
make regarding project completion timelines, our ability to
monetize our PPA assets, statements regarding the sufficiency of
our capital resources, expected operating losses, expected
revenues, expected expenses and our expectations concerning our
business strategy, Forward-looking statements are neither
historical facts nor assurances of future performance. Instead,
they are based only on our current beliefs, expectations and
assumptions regarding the future of our business, future plans and
strategies, projections, anticipated events and trends, the economy
and other future conditions. Because forward-looking statements
relate to the future, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict
and many of which are outside of our control. Our actual results
and financial condition may differ materially from those indicated
in the forward-looking statements. Therefore, you should not rely
on any of these forward-looking statements. Important factors that
could cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our historical and
anticipated future operation losses and our ability to continue as
a going concern; our ability to raise the necessary capital to fund
our operations and the risk of dilution to shareholders from
capital raising transactions; our ability to successfully
commercialize new products, including our Matrix® Energy
Management, DER FlexTM, DER SupermoduleTM,
and AgileTM Hybrid Storage Systems; our ability to lower
our costs and increase our margins; our product, customer and
geographic concentration, and lack of revenue diversification; the
length and variability of our sales cycle; our dependence on
governmental mandates and the availability of rebates, tax credits
and other economic incentives related to alternative energy
resources and the regulatory treatment of third-party owned solar
energy systems; and the other risks and uncertainties described in
the Risk Factors and in Management's Discussion and Analysis of
Financial Condition and Results of Operations sections of our most
recently filed Annual Report on Form 10-K and our subsequently
filed Quarterly Report(s) on Form 10-Q. We undertake no obligation
to publicly update any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
Investor Relations Contact:
Lytham Partners,
LLC
Robert Blum, Joseph Diaz, or Joe Dorame
(602) 889-9700
EnSync Media Contact:
Michelle
Montague
(262) 735-5676
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SOURCE EnSync, Inc.