Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, is pleased to announce
that the Company has signed an agreement to supply ultracapacitors valued at USD
$3.2 million.


The agreement with Trainelec, a subsidiary of Spanish based CAF (www.caf.es), a
world-class railway vehicle manufacturer, calls for Nesscap to supply product
with the option of increasing the order size by 20%. This contract follows
previous orders stemming from a development contract with CAF in early 2007. The
order is scheduled to be fulfilled through 2011.


"As a result of this latest contract, Nesscap will become the world's largest
ultracapacitor supplier to the tram industry," said Dr. Sunwook Kim, Chief
Executive Officer of Nesscap Energy Inc. "As a result of our focused development
work for more than ten years with many global companies for diverse
applications, we are now seeing strong growth in commercial orders."


Nesscap's ultracapacitors will be used in trams serving major cities in Spain.
Ultracapacitor-based energy storage systems enable light rail vehicles or trams
to travel without overhead power lines or catenary power. Specifically, this
system allows electrical power catenary to be installed locally at the passenger
stops, and, when the vehicle stops, the ultracapacitor energy storage system is
fully charged in about 25 seconds. This provides enough energy for the vehicle
to reach the next stop on the route with remarkable traction and auxiliary power
performances. Ultracapacitors can help reduce the energy consumption of a light
rail or metro system by up to 30% by storing the energy released when braking
and using this energy during the next acceleration of the vehicle. Moreover,
lower peak current demand means that fewer substations are needed and they can
be further apart, which reduces infrastructure investment.


About CAF

Construcciones y Auxiliar de Ferrocarriles (CAF), S.A. is one of the
international market leaders in the design, manufacture, maintenance and supply
of equipment and components for railway systems (www.caf.es).


Trainelec is dedicated to the design, integration and production of electric
traction systems for the rail industry including all kind of rolling stock as
LRVs, Metros, Commuter Trains and Locomotives. Trainelec incorporates improved
energy efficiency based on ultra-capacitors via train braking energy
recuperation. The accumulated energy in the ultra-capacitors during braking can
be used later to drive the train, thereby achieving an energy saving of as much
as 30% (www.trainelec.com) 


About Nesscap

Since its inception in 1999, Nesscap 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. 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, industrial 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.