Nesscap Energy Inc. Begins Trading on TSX Venture Exchange

Mon Jan 24, 2011 8:02am EST

* Reuters is not responsible for the content in this press release.

  GIHEUNG, SOUTH KOREA, Jan 24 (MARKET WIRE) -- 
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.

Contacts:
Nesscap Energy Inc.
Debbie Bamforth
Corporate Communications
905-599-3322
dbamforth@nesscap.com
www.nesscap.com

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