NESS Announces Formation of Spin-Off Company

June 03, 2001 by Jeff Shepard

NESS Corp. (Korea) announced the formation of Ness Capacitor Co. Ltd. (NCC). A spin-off of NESS Corp., NCC will concentrate on the further research, development and commercialization of their family of capacitor products, including the ultracapacitor, pseudocapacitor and advanced aluminum electrolytic capacitor.

“We are greatly encouraged by the progress of our capacitor technology thus far, and we look forward to continued achievements,” said Inho Kim, president of NCC. “The formation of NCC will allow our researchers and scientists to focus on the continued advancement of our technology.”