MILWAUKEE, June 21, 2017 /PRNewswire/ -- EnSync, Inc.
(NYSE MKT: ESNC), dba EnSync Energy Systems (the
"Company"), a leading developer of innovative distributed energy
resource (DER) systems and internet of energy (IOE) control
platforms for the utility, commercial, industrial and multi-tenant
building markets, today announced that it intends to offer newly
issued shares of common stock pursuant to an underwritten public
offering. The Company intends to use the net proceeds of the
offering to fund the development of distributed energy resource
projects and for working capital and general corporate purposes.
The offering is subject to market conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering.
Roth Capital Partners is acting as the sole book-running manager
for the proposed offering.
The securities described above are being offered by the Company
pursuant to a shelf registration statement previously filed with
and subsequently declared effective by the U.S. Securities and
Exchange Commission (the "SEC"). A preliminary prospectus
supplement relating to the offering has been filed with the SEC and
is available on the SEC's website at https://www.sec.gov/. Copies
of the preliminary prospectus supplement may be obtained from Roth
Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660 (800) 678-9147 or
e-mail: rothecm@roth.com or by accessing the SEC's website:
https://www.sec.gov/.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of these securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification of such securities under the
securities laws of any such state or jurisdiction.
About EnSync Energy Systems
EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, 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 customer-direct system sales, EnSync Energy includes
power purchase agreements (PPAs) into 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 in Hawaii.
For more information, visit www.ensync.com.
Safe Harbor Statement
Certain information set forth in this press release may contain
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. Such
forward-looking statements include statements regarding the
proposed public offering and the intended use of proceeds from the
offering. The offering is subject to market and other conditions
and there can be no assurance as to whether or when the offering
may be completed or as to the actual size or terms of the offering.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially,
including market conditions, risks associated with the cash
requirements of our business and other risks detailed from time to
time in our filings with the Securities and Exchange Commission,
and represent our views only as of the date they are made and
should not be relied upon as representing our views as of any
subsequent date. We do not assume any obligation to update any
forward-looking statements.
Investor Relations Contact:
Lytham Partners, LLC
Robert Blum, Joseph Diaz, or Joe
Dorame
(602) 889-9700
EnSync Energy Media Contact:
Michelle Montague
mmontague@ensync.com
(262) 735-5676
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SOURCE EnSync, Inc.