Ottawa, ON, May 9, 2012– The Board of Directors of Panacis Inc., a global developer and producer of safe, reliable and scalable lithium battery systems providing flexible, clean power that turns energy storage into a competitive advantage for customers, announced today the addition of Jonathan Blanshay to its Board of Directors. Mr. Blanshay is the founder and CEO of Revision Military, a leader in protective soldier equipment, and has an extensive background in the financial services industry.

“In December of 2011, as Steve Carkner and I met with both private investors and investment groups during our financing discussions, we were fortunate to be introduced to Jonathan Blanshay and Revision Military,” said Mark Kershey, CEO, Panacis Inc. “Jonathan has built his company from a relative unknown to a world leader in mission critical soldier protection, which is the same path that Panacis intends to take with our mission critical battery systems. With his experience and guidance as a board member we can benefit from the lessons that Jonathan has already learned during the impressive growth of Revision Military.  Our markets and technologies are synergistic and it is most rewarding to have Revision as a strategic customer.”

“There were three key reasons why I chose to accept a position on the Board of Panacis,” said Jonathan Blanshay, CEO, Revision Military. “First, as an investor in the company, I welcome the opportunity to have involvement and oversight in the executive decisions. Second, I believe the market positioning of the technology is unique and I certainly see many potential applications for the products. Third, I was very impressed by Panacis founder Steve Carkner’s passion, knowledge and background and now with the addition of Mark Kershey as CEO, I believe they have a very solid management team. As well, the engineering talent at Panacis is second to none. I am bringing my business and financial background to the mix to help the company grow and be successful.”

About Panacis 

Panacis is a global developer and producer of safe, reliable and scalable battery systems for telecommunication, defense and renewable energy applications. Panacis uses smart energy management technology to provide flexible and clean power that turns energy storage into a viable and unique competitive advantage for our customers. Unlike conventional technologies, Panacis provides lighter, smarter and more efficient energy storage products with complete local and remote management capabilities. Our systems deliver a reduced total cost of ownership that is unsurpassed in the industry today. For more information, please visit www.panacis.com.

About Revision

Revision develops and delivers purpose-built protective equipment for military use worldwide. The company, which began with eyewear, has expanded to face and head protection and continues to develop its capabilities for integrated, performance-enhancing soldier systems. To that end, Revision brings the most advanced expertise, state-of-the-art facilities and finest technical minds. Clients include the U.S. Department of Defense, the Canadian Department of National Defence, the Netherlands Defence Materiel Organization, the German Federal Defence Force and the UK Ministry of Defence. Privately owned and ISO 9001:2008 certified, Revision’s operational headquarters is located in Essex Junction, Vermont, USA, with additional offices in the Netherlands and Canada. For more information, visit www.revisionmilitary.com, writeinfo@revisionmilitary.com, or call +1 252-288-5805. You can also follow us on Twitter at RevisionPR.

For Media and Analyst inquiries only, please contact:

Shelley Mullins

Public Relations & Corporate Communications, Panacis Inc.

smullins@panacis,com

613-866-8803

Ottawa, ON, April 25, 2012 –Panacis Inc., a global developer and producer of safe, reliable and scalable lithium battery systems providing flexible, clean power for telecommunication, defense and renewable energy applications, is introducing its products in India in cooperation with TaraSpan, the leading provider of market development services for Canadian technology companies wanting to enter India.

“We are committed to exploring new markets as we continue to grow our company and our revenues. With more than 400,000 mobile towers installed and another 250,000 in planning, the telecommunications infrastructure market in India is one of the largest and fastest growing in the world,” said Mark Kershey, CEO, Panacis Inc. “Our foray into India with TaraSpan, who have a proven track record with many leading Canadian technology products in the Indian telecommunication market, has very good scalable potential for Panacis.”

As well as attending several meetings with CXO level executives in both New Delhi and Mumbai, Panacis will exhibiting at and is sponsoring the 6^th Annual Conference on Telecom Infrastructure in India, April 26-27, 2012, in New Delhi.  Steve Carkner, Panacis Founder & CTO, will also be presenting a business case at the conference describing how Panacis modular batteries are currently being used for primary power in off-grid telecommunication infrastructure in the USA and can produce cost savings in India.

“We have a modular 3.3KWhr battery designed into systems delivering from 100KWhr to 260KWhr of primary power for telecommunications infrastructure,” explained Mr. Kershey. “This system will be of great interest to those in attendance at the Conference on Telecom Infrastructure. In association with TaraSpan, we seek to identify the on-the-ground partners in India that can assist Panacis in developing this market.”

“The Panacis lithium battery products are a natural fit for the Indian telecommunication market,” said Jaswinder Kaur, VP-Cleantech at TaraSpan.  “With the greening of mobile towers using renewable energy, battery storage solutions will be an integral part of the solution to replace the dependence on diesel power for potentially tens of thousands of mobile towers.”
About Panacis 

Panacis is a global developer and producer of safe, reliable and scalable battery systems for telecommunication, defense and renewable energy applications. Panacis uses smart energy management technology to provide flexible and clean power that turns energy storage into a viable and unique competitive advantage for our customers. Unlike conventional technologies, Panacis provides lighter, smarter and more efficient energy storage products with complete local and remote management capabilities. Our systems deliver a reduced total cost of ownership that is unsurpassed in the industry today. For more information, please visit www.panacis.com 

About TaraSpan

Canada-based TaraSpan Inc. accelerates and de-risks India market entry, software engineering and global support for emerging and established Canadian technology companies. TaraSpan, in conjunction with India-based TaraSpan Solutions Pvt Ltd., has created the Unlock India™ platform for delivering comprehensive India strategies for technology companies, including those in the telecom and cleantech markets. For more information:  www.taraspan.com 

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For Media and Analyst inquiries only, please contact:

Shelley Mullins

Public Relations & Corporate Communications, Panacis Inc.

smullins@panacis,com

613-866-8803

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Kingston, Ontario and Ottawa Ontario, January 30, 2012 – Panacis is pleased to announce that EnShift Power is now an official Manufacturer’s Representative and Distributor for Ontario. EnShift Power is an energy solutions provider based in Kingston, Ontario that services the energy generation and energy management sectors. Areas of specialities include the Ontario FIT and microFIT program, behind the meter applications and off-grid projects using renewable energy solutions.

“On behalf of EnShift Power we are excited to partner with Panacis. The missing piece of the puzzle for many of our energy solutions was a proven energy storage system that attained a much higher level of performance criteria than traditional battery solutions. Panacis’ battery technology meets the demanding requirements of our projects. Panacis has particularly impressed with how responsive they are to our projects and our requests for information. We can see why they are an award winning company” – David Brown, President, EnShift Power.

“We have been seeking a solid manufacturer’s representative and distributor to the renewable energy sector within Canada for some time. EnShift’s approach to business is a good fit for our company. We particularly appreciate EnShift’s solution focused approach to selling. We like their collaborative approach to problem solving and have been impressed with their industry contacts.” – Steve Carkner, Founder and CTO, Panacis

About Panacis – Panacis is a global developer and producer of safe, reliable and scalable battery systems for telecommunication, defense and renewable energy applications. Panacis uses smart energy management technology to provide flexible and clean power that turns energy storage into a viable and unique competitive advantage for our customers. Unlike conventional technologies, Panacis provides lighter, smarter and more efficient energy storage products with complete local and remote management capabilities. Our systems deliver a reduced total cost of ownership that is unsurpassed in the industry today. For more information, please visit www.panacis.com

About EnShift Power Inc. – A Kingston-based, renewable energy sales and marketing firm, EnShift Power Inc was founded in early 2011 to bring products and services to market that will make renewable energy the energy source of choice. EnShift is a “solutions-based” company, which recognizes the world has a need for innovative energy solutions using renewable energy technology. EnShift’s products and services can be classified in one of three categories – energy generation, energy conservation and energy management. Key to EnShift’s early success is its ability to bring suppliers and research schools together to work collaboratively to find solutions to real world energy problems. EnShift believes its way of “conducting business” is absolutely necessary to foster the atmosphere of innovation that is required to provide timely solutions. For more information, please visit www.enshift.com

For Panacis related Media and Analyst inquiries only, please contact:

Shelley Mullins
Public Relations & Corporate Communications, Panacis Inc.
smullins@panacis,com
613-866-8803

Ottawa, ON, February 14, 2012 – The Board of Directors of Panacis Inc., a leader in advanced energy storage systems based on lithium polymer and other rechargeable technologies for high reliability, mission critical applications, welcomes Mark D. Kershey as President and Chief Executive Officer as the company secures $1.5 million in private investment. Panacis Founder Steve Carkner moves into the role of Chief Technology Officer.

“I am very pleased we have closed this $1.5 million equity financing. This, in addition to our R&D rebate we have received from the Government of Canada Scientific Research and Experimental Development (SR&ED) program, puts Panacis in a position of having in excess of $2 million at our disposal,” said Mark Kershey, CEO and President, Panacis Inc. “In these challenging financial times we are very pleased with the confidence our investors have placed in both the Panacis opportunity and the management team. This financing will allow Panacis to execute on its growth objectives and to create market awareness for the advanced battery systems we produce.  Panacis will be entering a growth phase and this financing will assist us in attracting the right people to our team.”

“This is a natural progression of the business and one that I am very pleased to see happen,” said Steve Carkner, CTO and Founder, Panacis. “Competition in any technology industry is fierce and trying to perform both roles as CEO and CTO could ultimately result in compromises. With Mark on board, we will each be able to focus on our respective roles to drive Panacis to new heights in business and on the technical front.”

Mr. Kershey has 30 years of experience in technology sectors including low voltage semiconductor design, medical instrument development and sales, Intellectual Property Licensing and negotiating multi-million dollar development contracts for next generation DRAM devices. He has managed international cross-functional teams including R&D and Sales, Marketing and Customer Service. Mr. Kershey co-founded Barkley Capital Corporation which in the late 1990s and early 2000s invested in early stage technology companies in Canada and the USA. Mr. Kershey is a co-founder of Spartan Bioscience Inc. and iWatchLife Inc.

About Panacis 

Panacis is a global developer and producer of safe, reliable and scalable battery systems for telecommunication, defense and renewable energy applications. Panacis uses smart energy management technology to provide flexible and clean power that turns energy storage into a viable and unique competitive advantage for our customers. Unlike conventional technologies, Panacis provides lighter, smarter and more efficient energy storage products with complete local and remote management capabilities. Our systems deliver a reduced total cost of ownership that is unsurpassed in the industry today. For more information, please visit www.panacis.com 

 
For Media and Analyst inquiries only, please contact:

Shelley Mullins
Public Relations & Corporate Communications, Panacis Inc.
smullins@panacis,com
613-866-8803

The IEC working group focus on batteries specifically suited for storing energy from renewable energy sources and from the AC power grid demonstrates a growing understanding in the power generation industry that storing energy for use in peak power shaving, demand time shifting and load leveling will be key factors in the continued adoption of renewable energy sources.

“These orders validate the breadth of markets this product can address, the orders represent two military, one portable solar and one industrial application” says Steve Carkner, CEO of Panacis.

One military customer is using the batteries to operate remote communications systems in coastal waters all around the United States. This represents the first follow-on order for the product and is the start of what is expected to be a steady stream of larger military orders in this market niche.

“We installed the first communication system in the Gulf of Mexico in July, it has worked flawlessly. This gave our customer the confidence to place new orders and to start the budget process for much larger orders in the future” says Len Donais, VP Engineering for Panacis.

For more information about Panacis off-the-shelf modular battery solutions, or their custom mission-critical battery design services, please contact Steve Carkner – scarkner@panacis.com

 “The Deloitte Technology Green 15 Award recognizes those Canadian companies that offer solutions to global environmental challenges by creating intellectual property and technology that reduce society’s environmental impact,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Companies such as Panacis are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment, despite facing tough economic times. In doing so, they are helping position Canada as a global leader in the development of commercially viable green technology.”

 Panacis CEO Steve Carkner counts the company’s ability to solve challenging technical problems and work closely with customers as among the main reasons for its early success in renewable energy storage. Its ground-breaking reusable lithium battery technology was initially hardened for mission critical U.S. military applications, focusing on low weight, modular design and long life. Today, the energy storage systems designed by Panacis range in size from tiny hand-held packs to systems weighing over a ton, each delivering unprecedented high reliability and high capacity storage performance for a range of highly specialized applications. The Panacis Medical Pack, for example, is designed for powering artificial hearts, while the Community Energy System provides reliable back-up power to communities that generate their own solar power. Unlike other battery products, Panacis systems are “smart,” allowing the battery packs to “talk” to each other to ensure that enough power is stored at all times and that, in the event of a single cell failure, the remainder of the system will adjust to continuously provide the required output.

 “Renewable energy is very important, but renewable energy storage is equally critical. When the U.S. military first expressed interest in our batteries, they asked if we were ready to take on some very difficult challenges.  We took those challenges on, and now we’re honoured to be receiving the Deloitte Technology Green 15^TM Award as a result,” said Carkner. “We have a portfolio of dozens of patents and a fast-growing order book. With the surging interest in renewable energy storage, we’re poised to be one of Canada’s green success stories.”

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About the Deloitte Technology Green 15TM – The Technology Green 15TM recognizes Canada’s leading GreenTech companies. GreenTech, the industry term for “green technologies”, is taking on greater importance in the world in general, and the world of business in particular. It includes any technology that promotes a more efficient use and re-use of the earth’s resources in industrial production and consumption. GreenTech products and services are designed to reduce or eliminate environmental impacts and improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. Although many companies within GreenTech industry sectors are very different, they share a common trait: all use new, innovative technology to create products and services that compete with existing products and services on price and performance while reducing impact on the environment.

About the Deloitte Technology Fast 50TM - The Deloitte Technology Fast 50TM program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth’s resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

About Panacis (www.panacis.com) — Fuelled by a spirit of innovation and creative, talented and passionate employees, Panacis is a leading global provider of advanced energy storage systems based on lithium polymer and other rechargeable technologies that help its customers realize their ideas and speed them to market. With comprehensive engineering capabilities that include advanced batteries, power systems, wireless, and electromechanical design, Panacis is a turn-key provider of research, design and manufacturing systems to meet unique energy storage challenges. Excelling at producing prototype and low-volume products and then ramping those products into high volumes, Panacis continues to bring innovation to product designs as they reach production. With a diverse set of suppliers and manufacturing partners, Panacis is able to bring its in-house manufacturing capabilities to solving renewable energy storage problems in the medical, industrial, consumer and defence markets.

Panacis is pleased to announced that Upward Techinal Solutions is now our official Manufacturer’s Representative. Upward Technical Solutions  is a Manufacturer’s Representative based in Huntsville Alabama that services the Defense and Aerospace markets  including Redstone Arsenal with design services , electronics and mechanical hardware for modernization and sustainment of DoD systems.

“On behalf of Upward Technical Solutions (UTS) we are excited to partner with Panacis in the Southeastern United States .  Our Defense and Industrial Customers are actively seeking  turnkey energy storage solutions  that can reduce the weight & size of their products.  Panacis’s battery technology will allow them to minimize their costly scheduled maintenance while extending the overall product life of their systems” – Jason Blaxton, UTS

“We have been seeking a solid manufacturer’s representative for some time, UTS brings the right mix of a strong technically oriented sales force combined with industry contacts and a solid reputation.” – Steve Carkner, Panacis