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SAN DIEGO and SEOUL, South Korea, Feb. 28, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) ("Maxwell") and Nesscap Energy Inc. (TSX VENTURE: NCE) ("Nesscap"), leading developers and manufacturers of capacitive energy storage and power delivery solutions, today announced that they have entered into an agreement (the "Arrangement Agreement") in which Maxwell proposes to acquire substantially all of the assets and business of Nesscap (the "Arrangement" or the "Transaction").

About Maxwell: Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Maxwell ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Maxwell high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. For more information, please visit our website: www.maxwell.com.

About Nesscap: Since its inception in 1999, Nesscap 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. The Nesscap product portfolio features the widest array of standard commercial products in the market from 3 farads to 6,200 farads with industry-recognized alternative organic electrolytes. Its customers are active in the transportation, renewable energy, industrial and consumer markets. Technical and sales information can be found at www.nesscap.com.

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