Ener-Core, Inc. (ENCR) News https://ir.ener-core.com/rss The latest news released by Ener-Core, Inc. (ENCR) en-us Equisolve Investor Relations Suite http://content.stockpr.com/enercore/files/encr_logo.png Ener-Core, Inc. (ENCR) News https://ir.ener-core.com/rss 88 31 Ener-Core and Siemens' Dresser-Rand Business Announce Grid Synchronization of 3.5 MW Co-Generation Plant at Pacific Ethanol https://ir.ener-core.com/news/detail/84/ener-core-and-siemens-dresser-rand-business-announce-grid-synchronization-of-3-5-mw-co-generation-plant-at-pacific-ethanol Tue, 30 Jan 2018 08:31:00 -0500 https://ir.ener-core.com/news/detail/84/ener-core-and-siemens-dresser-rand-business-announce-grid-synchronization-of-3-5-mw-co-generation-plant-at-pacific-ethanol Key milestone in commercialization of Ener-Core technology

IRVINE, CA -- (Marketwired) -- 01/30/18 -- Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, announced that its first two 1.75 megawatt (MW) Power Oxidizers integrated with the Dresser-Rand (part of Siemens Power and Gas Division) business' KG2-3G gas turbines have achieved electrical synchronization with the power grid. The systems are now producing electricity and steam at the Pacific Ethanol, Inc. (NASDAQ: PEIX) bio-refinery in Stockton, California. The successful operation and grid synchronization represents the last significant technical milestone before full production of the Dresser-Rand business' KG2-3G Power Oxidizer units. Pacific Ethanol expects that the systems should enable the Stockton bio-refinery to reduce its energy purchases by an estimated $1 million per quarter.

The Ener-Core Power Oxidizers are designed to replace the traditional gas-fired combustion chamber within Combined Heat and Power (CHP) gas turbines. The resulting integrated CHP gas turbine solution enables industrial sites to convert their low-quality waste gases directly into useful clean power and heat and steam, which allows the Dresser-Rand business to provide industrial clients with a first-of-its-kind solution that can substantially reduce their purchases of energy from the grid while also reducing carbon and nitrogen oxide (NOx) emissions. The Dresser-Rand business and Ener-Core engineering teams have worked collaboratively since the beginning of 2015 to integrate the Ener-Core Power Oxidizer into the Dresser-Rand KG2 gas turbine; the scheduled final commissioning of the first two systems at Pacific Ethanol's Stockton bio-refinery represents a new chapter in the Ener-Core business.

Christian Lupp, Vice President of Commercialization of New Technologies at the Dresser-Rand business, said: "With this grid synchronization now achieved, the Dresser-Rand business and Ener-Core engineering teams are nearing completion of a remarkable and highly anticipated integration project. With this milestone, we look forward to the commercial deployment of this innovative and strategically valuable product line, and also to potentially expanding the scope of our existing license in the future."

Alain Castro, CEO of Ener-Core, commented: "It has been a long three-year project, but we now have a technologically approved and integrated 1.75 MW PowerStation that is fully available for commercial deployment under the Dresser-Rand business' manufacturing umbrella. I have been inspired by the relentless dedication of our engineering team, and would like to thank them as well as the engineers and project team members from the Dresser-Rand business and Pacific Ethanol. Without the persistence and hard work of this collaborative team, we could not have reached this important commercial milestone. We look forward to full commercialization in 2018 for the KG2-3G Power Oxidizer units."

Neil Koehler, President and CEO of Pacific Ethanol, stated, "The installation of the Power Oxidizer at our Stockton plant demonstrates our commitment to reducing costs, reducing carbon and NOx emissions, and improving profitability throughout our nine facilities. By using waste gases to deliver usable, clean base-load electricity and steam production, we expect the cogeneration system will reduce our energy costs by an estimated $4 million per year."

About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is designed to turn one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

About the Dresser-Rand business
The Dresser-Rand business, part of Siemens Power and Gas, is a leading supplier of mission-critical, high-speed rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. As part of the global Siemens family, the Dresser-Rand business offers an equipment portfolio that includes turbo and reciprocating compressors; steam turbines; industrial and aero-derivative gas turbines; high-speed engines; and modular power substations. With the world's largest installed base, one of the world's largest technical support and service center networks, and a presence in more than 150 countries worldwide, Siemens delivers local solutions and services on a global scale.

Cautionary Statement Regarding Forward Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website, including this press release, contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," "outlook," "designed" and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:

Domonic Carney
Chief Financial Officer
Direct: 949-732-4480
IR@ener-core.com

Source: Ener-Core, Inc.

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Ener-Core Announces Strategic Progress and Transition of Executive Leadership https://ir.ener-core.com/news/detail/83/ener-core-announces-strategic-progress-and-transition-of-executive-leadership Tue, 19 Dec 2017 18:34:00 -0500 https://ir.ener-core.com/news/detail/83/ener-core-announces-strategic-progress-and-transition-of-executive-leadership IRVINE, CA -- (Marketwired) -- 12/19/17 -- Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, announces that the Company's Board of Directors has approved the next phase of its strategic revenue plan: the expansion of license agreements for Ener-Core's technologies and an increased emphasis on project development and management.

Michael Hammons, Chairman of the Board, commented: "All companies bringing new technologies to market go through an evolution process comprised of a series of stages including core technology development, proof of concept, product validation, and finally product sales and market expansion. The Board believes that Ener-Core is on the cusp of transitioning from the product validation phase to that of sales and market expansion."

"With the entry into a global license agreement with one of the world's largest engineering and technology companies, and the joint team synergies seen with the Pacific Ethanol project, the Board has approved expanding and deepening our existing sales relationships and investigating new license agreements. In addition, with the economic potential seen with the Toyon Canyon landfill project, the Board has further approved the Company's development of the next stage of its strategic plan: the implementation of a project development and management business focus, including a build/own/operate model that will permit the Company to take advantage of favorable off-take agreements."

Consistent with Ener-Core's strategic plan, the Board and the Company's CEO, Alain Castro, have jointly agreed that the Company should timely seek new leadership and install a new chief executive officer. As a result, pursuant to a negotiated separation agreement, Mr. Castro will be leaving his positions as Director and Chief Executive Officer during the next six months. He has served as the Company's CEO and a Director since joining the company in 2013.

During Mr. Castro's tenure as CEO, Ener-Core scaled the power capacity of its core Power Oxidizer product by 700%, allowing for a broader product offering (from 250Kw up to 2 MW) while also increasing the Company's patent portfolio from 6 to 45 patents. In addition, the Company's conversion from a manufacturing-based company to a licensing business occurred under Mr. Castro's leadership.

Mr. Hammons further commented: "Alain was recruited to be the CEO of Ener-Core when the underlying technology was completing its proof-of-concept phase and was still in its infancy. Under his leadership, the Company has enjoyed numerous achievements toward the building of value for our stockholders. Our entire Board is unanimous in expressing its gratitude to Alain for his vision and dedication, which we believe has placed the Company in a strong position to succeed in the future."

"We already have commenced our search for a new CEO. We are grateful that Alain has agreed to remain as the leader of Ener-Core while we conduct our search to ensure a smooth transition, and that he intends to remain involved with the Company in an advisory capacity once our new CEO is installed."

Mr. Castro commented: "For the last 15 years, I've passionately and purposefully sought out projects and opportunities that could one day contribute to addressing global environmental issues in a financially viable manner. During all these years, I haven't come across any other innovation that, in my opinion, is more exciting and worthwhile than Ener-Core's ability to profitably convert some of the industrialized world's harmful air polluting emissions directly into useful clean energy. I am honored to have worked on this worthwhile business and cause, alongside a team of such brilliant and dedicated engineers, managers and directors at Ener-Core. Over these next few months, I will continue working with our team and supporting the Company as it launches this exciting next phase of its evolution. Although I've elected to pursue other opportunities at this juncture, I will continue to be a proud and enthusiastic shareholder of Ener-Core."

About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) designs, licenses and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Cautionary Statement Regarding Forward-Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core to Present at the 7th Annual LD Micro Invitational on June 6, 2017 https://ir.ener-core.com/news/detail/82/ener-core-to-present-at-the-7th-annual-ld-micro-invitational-on-june-6-2017 Tue, 23 May 2017 12:31:00 -0400 https://ir.ener-core.com/news/detail/82/ener-core-to-present-at-the-7th-annual-ld-micro-invitational-on-june-6-2017 IRVINE, CA / ACCESSWIRE / May 23, 2017 / Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, has been invited to present at the 7th Annual LD Micro Invitational being held on June 6-7, 2017 at the Luxe Sunset Boulevard Hotel in Los Angeles.

The 7th Annual LD Micro Invitational is being held on June 6-7, 2017 at the Luxe Sunset Boulevard Hotel in Los Angeles. Ener-Core CEO, Alain Castro, and CFO, Domonic Carney, are scheduled to present on Tuesday, June 6 at 8:00 a.m. Pacific time with one-on-one meetings held throughout the conference. For additional information or to schedule a one-on-one meeting with Ener-Core management, please log-in via the link provided in your invitation. You may also email your request to ENCR@mzgroup.us or call Chris Tyson at (949) 491-8235.

View Ener-Core, Inc.'s profile here: https://www.ldmicro.com/profile/ENCR

Profiles powered by LD Micro - News Compliments of Accesswire.

About the 7th Annual LD Micro Invitational

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event). In 2015, LD Micro launched ldmicro.com as a portal to provide exclusive intraday information on the entire sector, including the first pure microcap index (LDMi) which covers stocks in North American with market capitalizations between $50M-$300M. It is a non-registered investment advisor. For more details, please click here.

About Ener-Core

Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is designed to turn one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Media and Investor Relations:

MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

SOURCE: Ener-Core, Inc.

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Ener-Core Appoints James Reiman to its Board of Directors https://ir.ener-core.com/news/detail/81/ener-core-appoints-james-reiman-to-its-board-of-directors Mon, 08 May 2017 08:31:00 -0400 https://ir.ener-core.com/news/detail/81/ener-core-appoints-james-reiman-to-its-board-of-directors IRVINE, CA -- (Marketwired) -- 05/08/17 -- Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, has appointed James Reiman to its board of directors. In conjunction with this appointment, Jeffrey Horn has transitioned from director to a member of Ener-Core's senior advisory board.

Mr. Reiman brings more than 30 years of management, financial and legal experience with international and domestic public and private companies. He was the founder, CEO and Managing Member of Aerofficient LLC, which designed and manufactured aerodynamic fairings for heavy-duty truck trailers. During his time at Aerofficient LLC, Mr. Reiman co-developed and co-invented technologies that have been awarded 19 patents. Mr. Reiman also previously served as CEO and Chairman of EBT Digital Communications Retail Group, a large retailer of mobile phones based in Shanghai, China that was listed on the London Stock Exchange's AIM market. As CEO and then Chairman of EBT, Mr. Reiman successfully implemented a turnaround strategy and managed EBT's growth from 33 to over 225 stores in five years and into one of China's largest and most respected retailers of mobile phones. Prior to EBT, Mr. Reiman practiced law as a commercial transactions attorney with U.S. law firms.

Mr. Reiman currently serves as a lecturer and negotiation coach at elite business schools in the U.S. and abroad, and serves as a mediator and arbitrator of domestic and international commercial disputes. He is a negotiation coach for the Oxford Programme on Negotiation (OPN) at the University of Oxford, Saïd Business School, and lectures at other universities on topics related to negotiation, corporate governance, international arbitration, conducting business in China, strategic decision making and risk management. He is a graduate of Columbia University (BA) and the Northwestern University School of Law (JD), and holds a certificate from the Advanced Executive Program at the Kellogg School of Management at Northwestern University. He is also a Board Leadership Fellow of the National Association of Corporate Directors.

Mike Hammons, Chairman of the Board of Ener-Core, commented, "We welcome Jim to our board and are excited by his energy, wealth of knowledge and fresh ideas as we continue to execute on the commercial ramp-up of our business. His experience and expertise driving disruptive and high growth technology companies will be a significant asset to the entire board and management team at Ener-Core."

"The Ener-Core team has done a stellar job scaling up the technology to utility-size, installing the first commercial systems and negotiating their first global license agreement," said Jim Reiman. "Now that validation from a Fortune Global 100 licensing partner has been established and commercial momentum is underway, I believe Ener-Core is poised for revenue growth. I relish the opportunity to join a company with both an immense value proposition and a truly 'green' technology, and look forward to leveraging the Company's success by engaging with additional potential licensing partners across the globe in diversified industries. I look forward to assisting the Ener-Core team in navigating the next phase of their commercialization growth cycle."

About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is designed to turn one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Cautionary Statement Regarding Forward Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website, including this press release, contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," "outlook," "designed" and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core Appoints Kent Williams to its Board of Directors https://ir.ener-core.com/news/detail/80/ener-core-appoints-kent-williams-to-its-board-of-directors Wed, 19 Apr 2017 08:31:00 -0400 https://ir.ener-core.com/news/detail/80/ener-core-appoints-kent-williams-to-its-board-of-directors IRVINE, CA -- (Marketwired) -- 04/19/17 -- Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, has appointed Kent Williams to its board of directors. His appointment increases the total number of board members to eight, with two members serving independently.

Williams is currently a strategic advisor to alternative energy companies focused on plug-in hybrid electric vehicle (PHEV) drive trains and new battery technologies including ViZn Energy, ZAF Energy Systems and Efficient Drivetrains. Williams has also served as managing member of Vista Asset Management LLC, since 2002. He is actively assisting automotive companies commercializing highly efficient and environmentally friendly powertrain technologies for light and heavy duty trucks, buses, vans and SUVs. He also advises battery companies commercializing innovative material science technologies for consumer and industrial applications.

Before joining Vista Asset Management, Williams accumulated more than 30 years of experience in the capital markets, including positions with U.S. Trust, Wood Island Associates, and Merrill Lynch. During his 16-year tenure at Wood Island Associates, Williams served as a principal, portfolio manager, analyst and head of trading. He was appointed Vice Chairman of the American Stock Exchange ITAC Committee from 1985 to 1998.

Alain Castro, CEO of Ener-Core commented: "Kent has a strong reputation for his financial and strategic advisory skills, and has been committed to accelerating the deployment of sustainable energy solutions, we are honored to have him join our team. We expect to leverage Kent's knowledge and deep industry relationships to accelerate and advance many of our municipal projects in our current pipeline and to source new projects that could benefit from our Power Oxidation technology."

"I see Ener-Core enabling industrial companies to lower their pollution mitigation costs while improving profitable on-site energy production projects," said Kent Williams. "U.S. regulators and industrial customer awareness will come to appreciate Ener-Core's technology which offers a new solution to mitigate air pollution, reduce carbon footprint while improving operating profitability. These attributes were underscored by Ener-Core's announcement last week in relation to the potential expansion of its first license agreement."

About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is designed to turn one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Cautionary Statement Regarding Forward-Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website, including this press release, contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," "outlook," "designed" and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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The Dresser-Rand Business Accelerates License Fee Payments to Ener-Core and Evaluates Potential Expansion of License Agreement to Cover Deployment of Larger Power Capacity Products https://ir.ener-core.com/news/detail/79/the-dresser-rand-business-accelerates-license-fee-payments-to-ener-core-and-evaluates-potential-expansion-of-license-agreement-to-cover-deployment-of-larger-power-capacity-products Wed, 12 Apr 2017 16:01:00 -0400 https://ir.ener-core.com/news/detail/79/the-dresser-rand-business-accelerates-license-fee-payments-to-ener-core-and-evaluates-potential-expansion-of-license-agreement-to-cover-deployment-of-larger-power-capacity-products Amended Agreement Results in $1.2 Million Accelerated License Fee Payment to Ener-Core

IRVINE, CA -- (Marketwired) -- 04/12/17 -- Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, and the Dresser-Rand business, part of Siemens Power and Gas Division, have amended their June 2016 Commercial and Manufacturing License Agreement (CMLA) to advance a partial payment of $1.2 million in license fees associated with the commercial sales of Power Oxidation (PO) systems within the 2 MW power capacity.

In addition, the Dresser-Rand business has the option to structure a new commercial offering with Ener-Core that will expand upon the power capacity of the Power Oxidation systems, from the currently licensed 1-4 MW range to potentially integrate the greater power capacity versions with the larger range of Siemens gas turbines. This amendment to the CMLA grants the Dresser-Rand business teams a five-month period to perform a market evaluation for the potential pairing of Ener-Core's technology with various larger gas turbines, and negotiate an expanded license to manufacture and sell larger power capacity applications of Ener-Core's technology.

The Ener-Core Power Oxidizer replaces the gas-fired combustion chamber within traditional combined heat and power gas turbines. The integrated product resulting from the pairing of the Power Oxidizer with traditional gas turbine technology enables the Dresser-Rand business to provide clients from a wide range of industries with a first-of-kind solution that can substantially reduce air pollution by enabling industrial sites to convert their low-quality waste gases directly into useful clean power, heat and steam. The Dresser-Rand business and Ener-Core engineering teams have worked collaboratively on the effort of integrating the Power Oxidizer into the Dresser-Rand 2 MW KG2 gas turbine and are nearing completion of the commissioning effort of the first two systems at the Pacific Ethanol Stockton industrial bio-refinery.

Jesus Pacheco, Executive Vice President of Technology and Innovation at the Dresser-Rand business, said: "We are pleased with the tremendous progress that our collective engineering teams have made on the development. It is a milestone that this new solution for converting previously unusable waste gases directly into clean power, heat and steam is now to be commissioned. The substantial progress made on the integration of the technology gives us a high confidence level for the commercialization of this innovative technology and allowed us to commit to an advanced payment on several KG2/PO licenses. We look forward to working with Ener-Core to potentially expand the scope of our existing license and looking into pairing the Power Oxidation technology with our larger gas turbines in the near future."

Alain Castro, CEO of Ener-Core commented: "We are excited that the Dresser-Rand business is confident in the collective progress that our technical and commercial teams have made. Ener-Core sees this amendment and the $1.2 million license fee advance as a turning point in the commercialization of our Power Oxidizer technology as we strive toward profitability. We are also truly honored to continue working with their teams to evolve our Power Oxidation technology into larger sizes to accommodate an even wider range of gas turbine power capacities, and enable those gas turbines to produce useful, clean power from waste gases that are typically flared off by a wide range of industries."

About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is designed to turn one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

About the Dresser-Rand Business
The Dresser-Rand business, part of Siemens Power and Gas (PG), is a leading supplier of mission-critical, high-speed rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. As part of the global Siemens family, the Dresser-Rand business offers an equipment portfolio that includes turbo and reciprocating compressors; steam turbines; industrial and aero-derivative gas turbines; high-speed engines; and modular power substations. With the world's largest installed base, one of the world's largest technical support and service center networks, and a presence in more than 150 countries worldwide, the Dresser-Rand business delivers local solutions and services on a global scale. For more information, please visit www.dresser-rand.com.

Cautionary Statement Regarding Forward Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website, including this press release, contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," "outlook," "designed" and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core to Host Conference Call on Thursday, April 13, 2017 at 4:30 p.m. ET https://ir.ener-core.com/news/detail/78/ener-core-to-host-conference-call-on-thursday-april-13-2017-at-4-30-p-m-et Fri, 24 Mar 2017 08:31:00 -0400 https://ir.ener-core.com/news/detail/78/ener-core-to-host-conference-call-on-thursday-april-13-2017-at-4-30-p-m-et Management to Discuss New Developments in Licensing Business, First Industrial Installation and Status of Commercial Pipeline

IRVINE, CA -- (Marketwired) -- 03/24/17 -- Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, will hold a conference call on Thursday, April 13, 2017 at 4:30 p.m. Eastern time to discuss the Company's operational and commercial developments for the full year ended December 31, 2016 and outlook for 2017.

Ener-Core CEO Alain Castro and CFO Domonic Carney will host the conference call with a review of the company's 2016 financial performance and outlook for 2017, followed by a question and answer period. Management plans to discuss developments in its licensing business, status of the first industrial installation in Stockton, CA, cost reduction efforts, and status of its commercial pipeline.

To access the call, please use the following information:

Date: Thursday, April 13, 2017
Time: 4:30 p.m. ET, 1:30 p.m. PT
Toll-free dial-in number: 1-888-437-9364
International dial-in number: 1-719-325-2429
Conference ID: 9166135

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at 1-949-491-8235.

A replay of the conference call will be available after 7:30 p.m. Eastern time through April 27, 2017.

Toll-free replay number: 1-844-512-2921

International replay number: 1-412-317-6671

Replay ID: 9166135

The conference call is planned in conjunction with the Company's anticipated filing of its annual report on Form 10-K, which when filed will be available in the investor relations section of the Company's website at www.ener-core.com.

About Ener-Core

Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is designed to turn one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Cautionary Statement Regarding Forward Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website, including this press release, contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," "outlook," "designed" and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core to Present at the 2nd Annual Source Capital Group Disruptive Growth & Healthcare Conference on February 16, 2017 https://ir.ener-core.com/news/detail/77/ener-core-to-present-at-the-2nd-annual-source-capital-group-disruptive-growth-healthcare-conference-on-february-16-2017 Tue, 31 Jan 2017 08:31:00 -0500 https://ir.ener-core.com/news/detail/77/ener-core-to-present-at-the-2nd-annual-source-capital-group-disruptive-growth-healthcare-conference-on-february-16-2017 IRVINE, CA -- (Marketwired) -- 01/31/17 -- Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, has been invited to present at the 2nd Annual Source Capital Group Disruptive Growth & Healthcare Conference being held on February 15-16, 2017 at the Convene Conference Center in New York City.

Ener-Core CEO Alain Castro is scheduled to present on Thursday, February 16th at 9:30 a.m. Eastern time, and will hold one-on-one meetings throughout the day.

For additional information or to schedule a one-on-one meeting with Ener-Core management, please email your request to ENCR@mzgroup.us or call Chris Tyson at (949) 491-8235.

About the 2nd Annual Disruptive Growth & Healthcare Conference
The 2017 Disruptive Growth & Healthcare Conference offers the exclusive opportunity to discover growth companies with disruptive technologies and business models and life science companies focusing on solutions to unmet medical needs. For more information on the conference or for investors to register, please go to www.SourceCapitalConference.com.

About Source Capital Group
Source Capital Group, Inc. was founded in 1992 and has grown into a full-service financial institution, while adhering to the highest standards of quality and integrity. The Investment Banking Group at Source Capital offers a wealth of Wall Street experience to the underserved small cap company sector through its seasoned professionals. They have successfully funded both public and private companies with an emphasis on Structured Credit and unique equity capital markets transactions, creating tailor-made solutions to enhance their clients' balance sheets. Source Capital Group began as an independent firm specializing in small to medium-sized investment banking transactions. For more information on Source Capital Group, please visit www.sourcegrp.com.

About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has already been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core's 2 MW Power Oxidizers Power Up at Pacific Ethanol Stockton Biorefinery https://ir.ener-core.com/news/detail/76/ener-cores-2-mw-power-oxidizers-power-up-at-pacific-ethanol-stockton-biorefinery Mon, 23 Jan 2017 08:31:00 -0500 https://ir.ener-core.com/news/detail/76/ener-cores-2-mw-power-oxidizers-power-up-at-pacific-ethanol-stockton-biorefinery IRVINE, CA -- (Marketwired) -- 01/23/17 -- Ener-Core, Inc. (OTCQB: ENCR), a developer and licensor of innovative gas conversion technologies for global commercial and industrial facilities, and the Dresser-Rand business, part of Siemens Power and Gas Division, have achieved mechanical completion and initial start-up of the innovative 2 megawatt (MW) PowerStation resulting from the integration of the Dresser-Rand KG2 gas turbine and Ener-Core's 2 MW Power Oxidizer at the Stockton Biorefinery site owned by Pacific Ethanol (NASDAQ: PEIX).

The integrated solution, including the Power Oxidizer and other individual components, operated successfully and demonstrated the ability to produce both power and steam according to specifications. The joint engineering teams from the companies are working to complete the commissioning process anticipated in the first quarter of 2017.

The Power Oxidizers with the Dresser-Rand KG2 turbine are rated to provide a combination of up to 3.5 MW of electricity and over 26,000 pounds of steam/hr from the two PowerStation units. The PowerStations will provide Pacific Ethanol with a first-of-its-kind solution that will reduce air pollution by converting by-product low-quality waste gases generated by the Stockton plant's ethanol production into useful electricity and steam. The PowerStations are expected to reduce the quantity of energy currently purchased by Pacific Ethanol's Stockton plant, saving an estimated $3 million to $4 million per year, representing a significant reduction in operating expenses for the plant.

The Ener-Core Power Oxidizer is designed to provide an alternative to a traditional combustion heat source normally used with traditional gas turbine power generation. The Power Oxidizer, when replacing the traditional combustion chamber of an integrated gas turbine, allows a wide range of industries to utilize and eliminate previously unusable and pollutive low-quality gases and certain volatile organic compounds as a low-cost fuel source to generate heat, power and steam for their on-site operations with significantly lower pollution profiles.

"This 'Power Up' represents the first time any technology company has achieved the 2 MW power barrier in a combined heat and power industrial plant utilizing Power Oxidation technology," said Alain Castro, CEO of Ener-Core. "The late December initial start-up was a resounding success and clearly validates our technology in a major industrial application. We look forward to the on-going commissioning efforts and to celebrating our first commercial deployment with Dresser-Rand in the next few months during the Pacific Ethanol Stockton Biorefinery Ribbon-Cutting ceremony."

About Ener-Core

Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has already been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

About the Dresser-Rand Business

The Dresser-Rand business, part of Siemens Power and Gas (PG), offers some of the most efficient and environmentally-friendly technology platforms, products and services in distributed power generation for oil and gas, industrial, institutional, and commercial clients and rural electrification programs. Solutions include: combined heat and power (CHP) systems, biogas-fueled gen-sets, hybrid systems (solar photovoltaic and engine-based gen-sets), biomass and waste-to-energy steam turbine generators, compressed air energy storage (CAES), and more. With the world's largest installed base, one of the world's largest technical support and service center networks, and a presence in more than 150 countries worldwide, the Dresser-Rand business delivers local solutions and services on a global scale. For more information, please visit www.dresser-rand.com.

Cautionary Statement Regarding Forward Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:

MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core Completes Debt Restructuring and Signs Definitive Documents for Private Placement of up to $4.5 Million of Convertible Senior Secured Notes and Warrants https://ir.ener-core.com/news/detail/75/ener-core-completes-debt-restructuring-and-signs-definitive-documents-for-private-placement-of-up-to-4-5-million-of-convertible-senior-secured-notes-and-warrants Fri, 25 Nov 2016 08:31:00 -0500 https://ir.ener-core.com/news/detail/75/ener-core-completes-debt-restructuring-and-signs-definitive-documents-for-private-placement-of-up-to-4-5-million-of-convertible-senior-secured-notes-and-warrants Concurrent Restructuring of Existing Senior Debt and New Financing Strengthen Financial Position

IRVINE, CA -- (Marketwired) -- 11/25/16 -- Ener-Core, Inc. (OTCQB: ENCR), a developer of innovative gas conversion technologies for global commercial and industrial facilities, has entered into definitive documents for a private placement of up to approximately $4.5 million principal amount of convertible senior secured notes and warrants to purchase the Company's common stock. The Company anticipates that it will close on approximately $3.6 million principal amount of convertible senior secured notes and warrants on November 29, 2016. Pursuant to the terms of the transaction documents, the Company may issue up to an additional $900,000 principal amount of convertible senior secured notes and warrants on or prior to December 12, 2016. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes. In connection with the offering, the Company also restructured its existing senior debt on the same terms as the convertible senior secured notes issued in the private placement.

The convertible senior secured notes will bear no ordinary interest, as the principal amount of the convertible senior secured notes will be issued at a 10% original issue discount for aggregate proceeds of up to $4.0 million, and mature on December 31, 2018. Each investor will also receive a warrant with a five-year term to purchase 400 shares of common stock for each $1,000 of principal amount of convertible senior secured notes purchased by such investor, at an exercise price of $3.00 per share. The convertible senior secured notes will be convertible into common stock initially at a conversion price of $2.50 per share and will automatically convert into shares of common stock on the fifth trading day immediately following the issuance date of the convertible senior secured notes on which the weighted average price (as defined in the convertible senior secured notes) of the common stock for each trading day during a 20 trading day period equals or exceeds $5.00, provided that certain additional conditions have been satisfied. Additionally, pursuant to the transaction documents, the Company has agreed to secure the listing of its common stock on a national securities exchange by no later than December 31, 2017.

As part of the terms of the private placement, the Company will also provide each investor certain registration rights with respect to the securities issuable upon any conversion of such investor's convertible senior secured notes and the shares underlying the warrants.

"The closing of the new financing and amendment of our existing debt considerably improves Ener-Core's financial position, as the amount of cash flow required to address our interest expenses has been substantially reduced," said Alain Castro, CEO of Ener-Core. "This tranche of capital from both new and existing investors, combined with our shift toward a leaner, license fee-based business model, provides us with a greater opportunity to achieve positive cash flow operations in the next 15 months."

The securities offered and sold in this private placement and the securities issuable upon any conversion or exercise, as applicable, thereof were not and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, any of the securities described herein, 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 registration or qualification under the securities laws of such state or jurisdiction.

Further details regarding this private placement can be found in Ener-Core's Current Report on Form 8-K filed with the Securities and Exchange Commission on November 25, 2016.

About Ener-Core

Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has already been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250 kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:

MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core to Participate at Upcoming Investor Conferences https://ir.ener-core.com/news/detail/74/ener-core-to-participate-at-upcoming-investor-conferences Wed, 23 Nov 2016 16:27:00 -0500 https://ir.ener-core.com/news/detail/74/ener-core-to-participate-at-upcoming-investor-conferences The Drexel Hamilton Emerging Growth Conference on December 1 & the 9th Annual LD Micro Main Event on December 6

IRVINE, CA -- (Marketwired) -- 11/23/16 -- Ener-Core, Inc. (OTCQB: ENCR), a developer of innovative gas conversion technologies for global commercial and industrial facilities, has been invited to participate at two upcoming investor conferences in December 2016.

The Drexel Hamilton Emerging Growth Conference is being held on December 1, 2016 at the company's corporate headquarters, 77 Water Street in New York City. Ener-Core CEO, Alain Castro is scheduled to present on Thursday, December 1st at 3:30 p.m. Eastern time with one-on-one meetings held throughout the conference. For additional information or to schedule a one-on-one meeting with Ener-Core management, please contact your Drexel Hamilton institutional sales representative or the company's investor relations firm, MZ Group.

The 9th Annual LD Micro Main Event is being held on December 6-8, 2016 at the Luxe Sunset Boulevard Hotel in Los Angeles. Ener-Core CEO, Alain Castro and CFO, Domonic Carney are scheduled to present on Tuesday, December 6th at 10:00 a.m. Pacific time with one-on-one meetings held throughout the conference. For additional information or to schedule a one-on-one meeting with Ener-Core management, please log-in via the link provided in your invitation. You may also email your request to ENCR@mzgroup.us or call Chris Tyson at (949) 491-8235.

About the Drexel Hamilton Emerging Growth Conference
Drexel Hamilton's Equity Research team regularly conducts interactive industry conferences for institutional investors. Throughout 2016 they will be hosting companies from their research coverage universe, as well as other companies. All conferences will offer one-on-one meeting opportunities with the management teams of the presenting companies. Drexel Hamilton's conferences also include important industry participants, such as Pentagon officers at their Aerospace & Defense Conference. In addition to the valuable content, attendees will have an opportunity to meet the many service-disabled veterans who comprise about a quarter of their staff and who are actively operating Drexel Hamilton on a daily basis. Drexel Hamilton is a mid-sized, full-service brokerage firm active in the equity and debt markets. They offer research, corporate access, sales, trading and investment banking services. The firm is committed to maintaining a concentration of at least 40 percent military and service-disabled veteran employees. For more details, please click here.

About the 9th Annual LD Micro Main Event
LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event). In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe. It is a non-registered investment advisor. For more details, please click here.

About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) owns and licenses its proprietary Power Oxidation technology, which has already been commercially deployed and generates base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core Completes Delivery of its First 2 MW Power Oxidizers to Pacific Ethanol Stockton Biorefinery https://ir.ener-core.com/news/detail/73/ener-core-completes-delivery-of-its-first-2-mw-power-oxidizers-to-pacific-ethanol-stockton-biorefinery Fri, 21 Oct 2016 08:31:00 -0400 https://ir.ener-core.com/news/detail/73/ener-core-completes-delivery-of-its-first-2-mw-power-oxidizers-to-pacific-ethanol-stockton-biorefinery Represents Ener-Core's First Commercial Shipment of its Recently Scaled-Up 2 MW Systems

IRVINE, CA -- (Marketwired) -- 10/21/16 -- Ener-Core, Inc. (OTCQB: ENCR), a developer of innovative gas conversion technologies for global commercial and industrial facilities, has delivered two of its 2 megawatt (MW) sized Power Oxidizers to the Stockton Biorefinery site owned by Pacific Ethanol (NASDAQ: PEIX). The shipment is a momentous occasion for Ener-Core, having deployed a commercial scale-up of the power capacity of the Power Oxidizer technology from 250kW to 2 MW over the last 18 months.

The Power Oxidizers, after delivery and installation with the Dresser-Rand KG2 turbine, are expected to provide up to 3.5 MW of electricity and over 26,000 pounds of steam/hr from the two Power Station units. The Power Stations will provide Pacific Ethanol (PEIX), a leading producer and marketer of low-carbon renewable fuels, with a first-of-its-kind solution that can reduce air pollution by converting by-product low-quality waste gases generated by the Stockton plant's ethanol production into useful electricity and steam. The Power Stations are intended to significantly reduce the quantity of energy currently purchased by Pacific Ethanol's Stockton plant and are expected to reduce their energy costs by an estimated $3 to $4 million per year, representing a significant reduction in operating expenses for the plant.

The Ener-Core Power Oxidizer is designed to provide an alternative to a traditional combustion chamber within gas turbines for purposes of power generation. The Power Oxidizer, when coupled with an integrated gas turbine, allows a wide range of industries to utilize previously unusable low-quality gases and certain volatile organic compounds as a low-cost fuel source to generate on-site heat, power and steam. Ener-Core's delivery is the first step in the commissioning process and Ener-Core's engineering team will continue to work with the engineering teams from Dresser-Rand toward the installation of these systems at Pacific Ethanol's Stockton Biorefinery in next few months.

Alain Castro, CEO of Ener-Core, commented: "The enthusiasm within our team runs quite high at the moment, as this is an important milestone for all of us, especially the engineers and staff in our Irvine, California headquarters that have worked so hard on the scale-up of this technology over the last two years. The road to achieving utility-grade scale of our Power Oxidizer represents a significant engineering accomplishment with global repercussions in a growing market segment. We, as a management team, are humbled by everyone's commitment to this common goal. We look forward to the installation of these systems at Pacific Ethanol's industrial plant later this year and to building upon this success and expanding our technology and product portfolio in the near future."

About Pacific Ethanol

Pacific Ethanol, Inc. (NASDAQ: PEIX) is the leading producer and marketer of low-carbon renewable fuels in the Western United States. With the addition of four Midwestern ethanol plants in July 2015, Pacific Ethanol more than doubled the scale of its operations, entered new markets, and expanded its mission to advance its position as an industry leader in the production and marketing of low carbon renewable fuels. Pacific Ethanol owns and operates eight ethanol production facilities, four in the Western states of California, Oregon and Idaho, and four in the Midwestern states of Illinois and Nebraska. The plants have a combined production capacity of 515 million gallons per year, produce over one million tons per year of ethanol co-products such as wet and dry distillers grains, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast and CO2. Pacific Ethanol markets and distributes ethanol and co-products domestically and internationally. Pacific Ethanol's subsidiary, Kinergy Marketing LLC, markets all ethanol for Pacific Ethanol's plants as well as for third parties, with over 800 million gallons of ethanol marketed annually based on historical volumes. Pacific Ethanol's subsidiary, Pacific Ag. Products LLC, markets wet and dry distillers grains. For more information, please visit www.pacificethanol.com.

About Ener-Core

Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) designs, manufactures and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250kW Ener-Core EC250 and the larger, 2 MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Image Available: http://www.marketwire.com/library/MwGo/2016/10/21/11G118955/Images/2_MW_Power_Oxidizers-0952dbc902318251b504588955693fbb.JPG
Image Available: http://www.marketwire.com/library/MwGo/2016/10/21/11G118955/Images/Power_Oxidizers_En_Route_to_PEIX-5ac65b4bea3e94b893e07c5cdc45d17d.jpg

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core Receives $1.1 Million From the Dresser-Rand Business https://ir.ener-core.com/news/detail/72/ener-core-receives-1-1-million-from-the-dresser-rand-business Mon, 26 Sep 2016 08:31:00 -0400 https://ir.ener-core.com/news/detail/72/ener-core-receives-1-1-million-from-the-dresser-rand-business Substantial Progress Achieved on Integration Testing of 2 MW Power Oxidizer System With KG2 Gas Turbine

IRVINE, CA -- (Marketwired) -- 09/26/16 -- Ener-Core, Inc. (OTCQB: ENCR), a developer of innovative gas conversion technologies for global commercial and industrial facilities, and the Dresser-Rand business, part of Siemens Power and Gas Division, have achieved substantial integration of Ener-Core's 2 megawatt Power Oxidizer with the Dresser-Rand KG2 gas turbine. As a result, the Dresser-Rand business has released its previously agreed $1.1 million escrow payment to Ener-Core.

The integrated product resulting from this effort will enable the Dresser-Rand business, as a licensor of Ener-Core's technology, to provide customers from a wide range of industries with a first-of-kind solution that can reduce air pollution by enabling industrial sites to convert their low-quality waste gases directly into useful clean power, heat and steam.

The Ener-Core Power Oxidizer replaces traditional combustion chambers within gas turbines, and represents a significant new component within the integrated KG2 gas turbine. The Dresser-Rand business and Ener-Core engineering teams have worked collaboratively on this effort for 18 months and are nearing completion of an extensive testing regime that covers component-specific testing as well as a full integration test.

The Power Oxidizer and all other system components from the KG2 gas turbine have surpassed some of the most challenging integration hurdles. The test system has performed very close to the required system specifications; the engineering teams from both companies have identified a few additional integration tasks that are expected to further improve the overall system performance. These remaining integration tasks are typical within the final testing phase of this sort of technology integration project and the teams expect to implement these remaining improvements before the end of the calendar year.

As a result of this significant progress, the Dresser-Rand business has approved the release of $1.1 million from a joint escrow account to Ener-Core, for the completion of the integration tasks and commissioning of two units later this year at the site of the Dresser-Rand business' first customer for this technology and integrated product offering.

Paulo Ruiz, Vice President of Commercialization for the Dresser-Rand business, said: "We congratulate our joint engineering teams for the progress made over the last 18 months and are confident that they will implement the system advancements allowing the Dresser-Rand business the ability to bring this innovative technology to market for its clients. We are also energized by the high level of commercial momentum that our global sales teams have achieved with this new product offering, and look forward to begin securing additional sales orders for this innovative solution across a wide range of industries."

Alain Castro, CEO of Ener-Core, commented: "We would like to take this opportunity to applaud our engineering teams as well as the Dresser-Rand business' engineering teams in the U.S. and Europe. The scale up of Ener-Core's technology from 250kW to a 2 MW capacity has gone well, and is a testament to the quality of engineering talent on our team. The integration of our Power Oxidizer technology into a complex engineering product such as a gas turbine has been equally crucial, and is the result of the effective teamwork of a wide range of engineers from both of our companies working as one team across multiple countries over the last 18 months. We look forward to the official Full-Scale Acceptance Test completion expected in October after minor integration tasks to improve the overall performance of the integrated system."

About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) designs, manufactures and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250kW Ener-Core EC250 and the larger, 2MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

About the Dresser-Rand Business
The Dresser-Rand business, part of Siemens Power and Gas (PG), is a leading supplier of mission-critical, high-speed rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. As part of the global Siemens family, the Dresser-Rand business offers an equipment portfolio that includes turbo and reciprocating compressors; steam turbines; industrial and aero-derivative gas turbines; high-speed engines; and modular power substations. With the world's largest installed base, one of the world's largest technical support and service center networks, and a presence in more than 150 countries worldwide, the Dresser-Rand business delivers local solutions and services on a global scale. For more information, please visit www.dresser-rand.com.

Cautionary Statement Regarding Forward-Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core Completes Private Placement of $1.25 Million of Convertible Unsecured Notes and Warrants https://ir.ener-core.com/news/detail/71/ener-core-completes-private-placement-of-1-25-million-of-convertible-unsecured-notes-and-warrants Fri, 02 Sep 2016 08:31:00 -0400 https://ir.ener-core.com/news/detail/71/ener-core-completes-private-placement-of-1-25-million-of-convertible-unsecured-notes-and-warrants IRVINE, CA -- (Marketwired) -- 09/02/16 -- Ener-Core, Inc. (OTCQB: ENCR), a leading provider of Power Oxidation technology and equipment that generates clean power from waste and low-quality gases from a wide variety of industries, has closed a private placement of convertible unsecured notes and warrants for aggregate gross proceeds of $1.25 million. The company intends to use these proceeds for working capital and general corporate purposes.

Interest on the convertible unsecured notes is payable monthly in cash on the first business day of each calendar month beginning October 1, 2016 at a rate of 12 percent per annum and the convertible unsecured notes mature on September 1, 2017. Each investor received a warrant with a five-year term to purchase 100 shares of common stock for each $1,000 of principal amount of convertible unsecured notes purchased by such investor at an exercise price of $4.00 per share. The convertible unsecured notes are convertible into common stock at a conversion price of $4.31 per share, subject to adjustment in the event of the conversion of at least 50% of the Company's issued and outstanding senior secured notes, originally issued in April and May 2015. The convertible unsecured notes will convert automatically if greater than 50% of such senior secured notes convert into equity securities of the Company. Additionally, each investor is entitled to receive additional warrants with a five-year term to purchase shares of common stock on certain dates after the closing of the private placement in the event the Company has not consummated a further equity financing of at least $3.0 million prior to such dates.

As part of the terms of the private placement, the Company also provided each investor certain registration rights with respect to the securities issuable upon conversion of such investor's convertible unsecured notes and the shares underlying the warrants and additional warrants, if any.

"The Ener-Core technical and sales teams continue to work diligently with our partners in the commercialization of our 2 megawatt system," said Alain Castro, CEO of Ener-Core. "This tranche of capital from both new and existing investors provides us with key resources in support of our endeavours."

The securities offered and sold in this private placement were not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, any of the securities described herein, 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 registration or qualification under the securities laws of such state or jurisdiction.

Further details regarding this private placement can be found in Ener-Core's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 2, 2016.

About Ener-Core, Inc.

Irvine, California-based Ener-Core, Inc. (OTCQB: ENCR) designs, manufactures and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations. Ener-Core offers the 250kW Ener-Core EC250 and the larger, 2MW Ener-Core Powerstation KG2-3GEF/PO. For more information, please visit www.ener-core.com.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Media and Investor Relations:
MZ Group
Chris Tyson
Managing Director - MZ North America
Direct: 949-491-8235
ENCR@mzgroup.us
www.mzgroup.us

Source: Ener-Core, Inc.

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Ener-Core Appoints Stephen Markscheid to Board of Directors https://ir.ener-core.com/news/detail/70/ener-core-appoints-stephen-markscheid-to-board-of-directors Wed, 06 Jul 2016 07:00:00 -0400 https://ir.ener-core.com/news/detail/70/ener-core-appoints-stephen-markscheid-to-board-of-directors

Brings More Than 30 Years of Global Experience in Corporate Finance, Industrials and Clean Tech

IRVINE, Calif.-- Ener-Core, Inc. (OTCQB:ENCR), the world’s only provider of Power Oxidation technology and equipment that generates clean power from waste and low-quality gases from a wide variety of industries, appointed Stephen Markscheid to its Board of Directors, effective immediately. This brings the total number of Ener-Core Board members to seven.

Mr. Markscheid is a corporate finance professional who brings to Ener-Core more than 30 years of experience working in the U.S., Asia and Europe, with expertise in a wide range of sectors including clean tech. He currently serves as a partner at Wilton Partners, a Shanghai-based financial advisory firm. He previously worked at GE Capital for eight years, where he led business development activity in China and Asia Pacific. Prior to GE, he worked with the Boston Consulting Group throughout Asia. He was also a commercial banker for 10 years in London, Chicago, New York, Hong Kong and Beijing with Chase Manhattan Bank and First National Bank of Chicago.

Mr. Markscheid serves as an independent director on the boards of Jinko Solar, Inc., the world’s largest solar panel manufacturer; CNinsure, China’s largest independent insurance broker; ChinaCast Education Corporation; and Asian Capital Holdings, Limited. He also serves on the advisory boards of Clean Energy Trust, a Chicago-based non-profit clean tech accelerator, Kearsage Energy, a Boston-based renewable energy developer, and Intelligent Generation, a renewable energy software company. Mr. Markscheid is a trustee of Princeton-in-Asia, a non-profit service organization. He earned an MBA from Columbia University, an MA from Johns Hopkins University and a BA from Princeton University.

Alain Castro, CEO of Ener-Core, said, “Stephen brings a tremendous amount of experience to Ener-Core and we are truly privileged to have him serve on our Board. His sterling track record in helping guide emerging clean tech companies make him a natural choice to help guide Ener-Core through the next phase of its growth, particularly now that we are licensing the manufacturing of our technology to partners. We look forward to him joining our team and contributing to our business through his wealth of knowledge and experience in the months and years ahead.”

Mr. Markscheid said, “I have been following Ener-Core’s business for the last three years and have been particularly impressed with how management executed a strategic conversion from an in-house manufacturer of relatively small 250 kW power systems to much larger and more profitable systems (2 MW). Now, with a new business model in which the sales and the manufacturing are licensed to globally recognized leaders such as Dresser-Rand and Siemens, Ener-Core is poised to benefit from a much faster route to profitability. With my experience as independent director of several US-listed renewable energy firms, I am well aware of what it takes for OEMs of alternative energy technology companies to grow into global leadership positions. I am excited about working with Ener-Core’s management team to continue executing on its business strategy.”

About Ener-Core

Irvine, California-based Ener-Core, Inc. (ENCR) designs, manufactures and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with costly environmental regulations.

Ener-Core offers the 250kW Ener-Core EcoStation EC250 ("EC250") and the larger counterpart, the 2MW Ener-Core Powerstation KG2-3GEF/PO.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein, Ener-Core assumes no obligation to update forward-looking statements.

Dian Griesel Int’l.
Investor Relations:
Cheryl Schneider, 212-825-3210
or
Media Relations:
Susan Forman, 212-825-3210

Source: Ener-Core

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Ener-Core and the Dresser-Rand Business Enter into Commercial and Manufacturing License Agreement for Ener-Core’s Power Oxidizers https://ir.ener-core.com/news/detail/69/ener-core-and-the-dresser-rand-business-enter-into-commercial-and-manufacturing-license-agreement-for-ener-cores-power-oxidizers Thu, 30 Jun 2016 07:00:00 -0400 https://ir.ener-core.com/news/detail/69/ener-core-and-the-dresser-rand-business-enter-into-commercial-and-manufacturing-license-agreement-for-ener-cores-power-oxidizers

The Dresser-Rand business gains exclusive rights to manufacture and sell Ener-Core’s
1 – 4 MW range Power Oxidizers to industrial customers

Ener-Core shifts to a licensing fee business model with the Dresser-Rand business

IRVINE, Calif.-- Ener-Core, Inc. (OTCQB:ENCR), the world’s only provider of Power Oxidation technology and equipment that generates clean power from waste and low-quality gases from a wide variety of industries, signed a Commercial and Manufacturing License Agreement (CMLA) with the Dresser-Rand business, part of Siemens Power and Gas Division. The Agreement grants the Dresser-Rand business the exclusive right to manufacture Ener-Core’s Power Oxidizers within the 1 to 4 MW power capacity range and to sell the Power Oxidizers (integrated with the 2 MW KG2 turbine manufactured by the Dresser-Rand business) directly to industrial customers.

The CMLA will be effective upon the successful completion of the Full-Scale Acceptance Test of the 2 MW system, which is expected to reach completion in July.

The CMLA will replace the existing November 2014 Commercial License Agreement (CLA), which did not allow for the manufacture of the Power Oxidizer system; upon the effectiveness of the CMLA, the existing Commercial License Agreement (CLA) between the Dresser-Rand business and Ener-Core will expire.

As this new CMLA will allow the Dresser-Rand business to manufacture Ener-Core’s Power Oxidation systems, it will enable Ener-Core to reduce its manufacturing infrastructure and lower its operating costs, thereby allowing Ener-Core to focus on its core business of developing and deploying additional applications for its groundbreaking technology.

Ener-Core will collect a license fee payment for each unit that the Dresser-Rand business sells, with the precise fee payable based on a percentage of the total value of each system sold. Ener-Core expects to collect license fees between $370,000 and $600,000 per unit. The Dresser-Rand business expects manufacturing of Ener-Core’s Power Oxidizer units to begin by the end of 2016 with initial sales occurring within calendar year 2016. The Dresser-Rand business has additionally agreed to minimum sales thresholds, beginning in 2017, to sustain the terms of exclusivity. Ener-Core expects that these minimum payments, combined with Ener-Core’s reduced operating expenses, will enable Ener-Core to be cash flow positive within 12 to 18 months.

For Ener-Core, this new agreement represents the third portion of a two-year strategic evolution of its business model. In 2014, Ener-Core launched its 250kW power-stations, manufacturing in-house and selling the systems directly to industrial customers. Ener-Core then scaled up the capacity of these systems by a factor of eight times (to 2 MW) and contemporaneously signed a Commercial Licensing agreement whereby the Dresser-Rand business secured the license to sell Ener-Core’s technology coupled with the Dresser-Rand business’ KG2 turbines. This new agreement allows the Dresser-Rand business to also manufacture the Ener-Core Power Oxidizers that are sold to industrial customers.

Alain Castro, CEO of Ener-Core, said, “With the signing of the CMLA, Ener-Core continues its transformation to a low-cost, high-margin license fee business for our technology. We believe that by leveraging the economies of scale and supply chain efficiencies of large multinational companies as Siemens and the Dresser-Rand business, we can accelerate the adoption of our technology and shorten our pathway to profitability. Furthermore, given the advanced commercial pipeline of opportunities that has been developed over the last 18 months through the collaborative efforts between Ener-Core and the Dresser-Rand business’ sales teams, we believe the Dresser-Rand business will be able to start closing additional commercial sales in 2016 and rapidly ramp up to exceed the minimum threshold of annual sales beginning in 2017. Those minimum annual sales thresholds are aligned with Ener-Core’s pathway to profitability mandate. Lastly, through this shift in our business model, we can substantially reduce our costs as we will no longer have a need to maintain our current levels of manufacturing infrastructure. We are very enthusiastic about this new era for Ener-Core and are looking forward to a prosperous collaboration with our colleagues at the Dresser-Rand business. ”

Paulo Ruiz, Vice President of Commercialization for the Dresser-Rand business, said, “This Agreement marks a new phase of cooperation between our two companies. Our engineering teams have been working closely with the Ener-Core team over the last 18 months, while our commercial teams have been actively developing a strong commercial pipeline of opportunities for this breakthrough technology. We look forward to working with Ener-Core as we ramp up our manufacturing and sales activities of Power Oxidizers for the benefit of a potentially wide range of industrial customers.”

About Ener-Core

Irvine, California-based Ener-Core, Inc. (ENCR) designs, manufactures and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with costly environmental regulations. Ener-Core offers the 250kW Ener-Core EcoStation EC250 ("EC250") and the larger counterpart, the 2MW Ener-Core Powerstation KG2-3GEF/PO.

About Dresser-Rand

The Dresser-Rand business, part of Siemens Power and Gas (PG), is a leading supplier of mission-critical, high-speed rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. As part of the global Siemens family, the Dresser-Rand business offers an equipment portfolio that includes turbo and reciprocating compressors; steam turbines; industrial and aero-derivative gas turbines; high-speed engines; and modular power substations. With the world's largest installed base, one of the world's largest technical support and service center networks, and a presence in more than 150 countries worldwide, the Dresser-Rand business delivers local solutions and services on a global scale.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "plans," "expects," "believes," "strategy," "opportunity," "anticipates," “potentially,” “should,” and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein, Ener-Core assumes no obligation to update forward-looking statements.

Dian Griesel Int’l.
212-825-3210
Investor Relations:
Cheryl Schneider
Media Relations:
Susan Forman

Source: Ener-Core, Inc.

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Ener-Core and Dresser-Rand Business Initiate Operation and Full Scale Test of First 2 MW System Utilizing Power Oxidation Technology https://ir.ener-core.com/news/detail/68/ener-core-and-dresser-rand-business-initiate-operation-and-full-scale-test-of-first-2-mw-system-utilizing-power-oxidation-technology Thu, 09 Jun 2016 07:00:00 -0400 https://ir.ener-core.com/news/detail/68/ener-core-and-dresser-rand-business-initiate-operation-and-full-scale-test-of-first-2-mw-system-utilizing-power-oxidation-technology IRVINE, Calif.-- Ener-Core, Inc. (OTCQB:ENCR), the world’s only provider of Power Oxidation technology and equipment that generates clean power from waste and low-quality gases from a wide variety of industries, initiated its Full Scale Acceptance Test (FSAT) connecting the company’s first-ever 2 MW Power Oxidizer with the Dresser-Rand business’ KG2-3G gas turbine. The FSAT involves a fully functional system in a configuration that enables testing of all performance against specifications.

After successful testing, the FSAT will trigger the payment of a $1.6 million license fee from the Dresser-Rand business, part of Siemens Power and Gas Division, payable to Ener-Core. The license agreement grants the Dresser-Rand business exclusive rights to commercialize the Ener-Core Power Oxidizer technology in the 1 to 4 MW range, bundled with the Dresser-Rand business’ KG2 gas turbine product line. The combined solution provides both companies with a unique and significant commercial advantage to address the burgeoning market of emissions compliance.

Also following successful testing, the Dresser-Rand business can assemble and ship the first two commercial 2 MW systems to Pacific Ethanol, Inc. (NASDAQ:PEIX), who placed the first purchase order for this large-scale technology. It will also enable Ener-Core’s and the Dresser-Rand business’ manufacturing teams to finalize the system’s design in anticipation of future customer orders.

To see the fully assembled and operational unit please go to the following links:

http://ener-core.com/wp-content/uploads/2016/06/ENCR21.jpg

http://ener-core.com/wp-content/uploads/2016/06/ENCR1.jpg

Alain Castro, CEO of Ener-Core, said, “Launching this innovative power-generation technology at the utility-scale size represents a significant contribution to both the energy industry as well as to the pollution abatement industry. A 2 MW system is large enough to power 2,000 to 3,000 homes; with this system we can enable many industries to generate this amount of power from their poor-quality waste gases that usually get discarded and end up as air pollution.”

Over the past 18 months, the engineering teams at Ener-Core and the Dresser-Rand business have worked together as a cohesive multinational team across multiple cities to design and build this first system of its kind. This same team also put into place a strong test program to ensure these systems are adequately tested prior to deployment in the field. “We have a high level of confidence that the FSAT will go smoothly and look forward to analyzing the results,” said Castro.

Ener-Core signed a Commercial License Agreement with Dresser-Rand in November 2014. Since then, Ener-Core’s engineering team has been working closely with a multinational team of engineers from the Dresser-Rand business to design, build, test, and deploy the 2 MW system. The first major technical milestone was achieved in May 2015 when the teams successfully completed a Sub Scale Acceptance Test (SSAT). The SSAT demonstrated that Ener-Core’s technology could generate enough heat from low-quality gases to power a 2 MW gas turbine. This FSAT will be the final test within the framework of the Dresser-Rand business license agreement with Ener-Core, and will trigger the full commercial deployment of this unique 2 MW system that has been designed specifically to produce clean energy from low-quality industrial waste gases.

The Dresser-Rand business, part of Siemens Power and Gas (PG), is a leading supplier of mission-critical, high-speed rotating equipment solutions to the worldwide oil, gas, petrochemical and process industries. As part of the global Siemens family, the Dresser-Rand business offers an equipment portfolio that includes turbo and reciprocating compressors; steam turbines; industrial and aero-derivative gas turbines; high-speed engines; and modular power substations. With the world’s largest installed base, one of the world’s largest technical support and service center networks, and a presence in more than 150 countries worldwide, the Dresser-Rand business delivers local solutions and services on a global scale.

About Ener-Core

Irvine, California-based Ener-Core, Inc. (ENCR) designs, manufactures and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is the only solution of its kind that turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers a revolutionary alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and ensuring compliance with costly environmental regulations.

Ener-Core offers the 250kW Ener-Core EcoStation EC250 ("EC250") and the larger counterpart, the 2MW Ener-Core Powerstation KG2-3GEF/PO.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein, Ener-Core assumes no obligation to update forward-looking statements.

Dian Griesel Int’l.
Investor Relations:
Cheryl Schneider, 212-825-3210
or
Media Relations:
Susan Forman, 212-825-3210

Source: Ener-Core, Inc.

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Ener-Core to Present at LD Micro Investor Conference on June 9, 2016 https://ir.ener-core.com/news/detail/67/ener-core-to-present-at-ld-micro-investor-conference-on-june-9-2016 Wed, 01 Jun 2016 07:00:00 -0400 https://ir.ener-core.com/news/detail/67/ener-core-to-present-at-ld-micro-investor-conference-on-june-9-2016

CEO Alain Castro to Provide Update on Company Milestones

IRVINE, Calif.-- Ener-Core, Inc. (OTCQB:ENCR), the world’s only provider of Power Oxidation technology and equipment that generates clean power from waste and low-quality gases from a wide variety of industries, will be presenting at the 6th annual LD Micro Invitational conference taking place from June 7-9, 2016 at the Luxe Sunset Bel Air Hotel in Los Angeles, CA.

Ener-Core Chief Executive Officer Alain Castro is scheduled to present on Thursday, June 9 at 8:00 AM PDT in Track 2. He will provide an update on company milestones. In addition to presenting, Mr. Castro and Domonic J. Carney, CFO, will be available to participate in one-on-one meetings with investors that day. Conference participants who are interested in scheduling a meeting with management are encouraged to sign up through the conference’s portal, or by calling Cheryl Schneider of Dian Griesel International at 212-825-3210.

Mr. Castro said, “Ener-Core’s focus in 2016 is on the deployment of the 2 MW version of our system. We are enthusiastic about speaking with investors and updating them on our progress at this event.”

About Ener-Core

Irvine, California-based Ener-Core, Inc. (ENCR) designs, manufactures and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is the only solution of its kind that turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers a revolutionary alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and ensuring compliance with costly environmental regulations. Ener-Core offers the 250kW Ener-Core EcoStation EC250 ("EC250") and the larger counterpart, the 2MW Ener-Core Powerstation KG2-3GEF/PO.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein, Ener-Core assumes no obligation to update forward-looking statements.

Dian Griesel Int’l.
Investor Relations:
Cheryl Schneider, 212-825-3210
or
Media Relations:
Susan Forman, 212-825-3210

Source: Ener-Core, Inc.

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Ener-Core Receives Purchase Order to Install Four EC-250 EcoStations at Toyon Canyon Landfill in Los Angeles https://ir.ener-core.com/news/detail/66/ener-core-receives-purchase-order-to-install-four-ec-250-ecostations-at-toyon-canyon-landfill-in-los-angeles Thu, 19 May 2016 07:45:00 -0400 https://ir.ener-core.com/news/detail/66/ener-core-receives-purchase-order-to-install-four-ec-250-ecostations-at-toyon-canyon-landfill-in-los-angeles Closed Landfill in Griffith Park to Generate 1 MW of Clean Power for 10 to 15 Years Using Ener-Core EcoStations

IRVINE, Calif.-- Ener-Core, Inc. (OTCQB:ENCR), the world's only provider of Power Oxidation technology and equipment that generates clean power from waste and low-quality gases from a wide variety of industries, received a conditional purchase order worth $3.29 million to build, deliver and install four of its EC-250 EcoStations at the Toyon Canyon Landfill site within Los Angeles’ Griffith Park. The project will enable the Toyon Canyon Landfill to produce 1 MW of clean power for the next 10 to 15 years. The landfill, which closed in 1985, is no longer receiving municipal waste and its gas quality has reduced to levels infeasible for generating electricity with traditional power equipment.

Alain Castro, CEO of Ener-Core, said, “We applaud the city of Los Angeles for choosing to use a clean power solution such as ours, rather than flaring off excess gas. Through this project, in the heart of Griffith Park, Ener-Core has an opportunity not only to reduce pollution and contribute clean power to the city of Los Angeles but also to set a precedent for other closed landfills globally that continue to vent or flare their waste gases, usually for many decades after the landfills are closed."

Ener-Core partnered with Delos Energy, LLC to finance the re-powering of the landfill site. With the installation of the four EcoStations, Ener-Core expects to be able to convert the landfill’s waste gases into clean electricity for Los Angeles, while at the same time reducing nitrogen oxide (NOx) emissions significantly in comparison to flaring. Delos Energy has acquired Toyon Landfill Gas Conversion, LLC, which has historically had the rights to the gas from the landfill and generated power with traditional engines. As the landfill has been closed for years, the gas quality has reduced, and the traditional engines were scheduled to be decommissioned. Ener-Core has been contracted by Toyon Landfill Gas Conversion, LLC over the next 12 to 18 months; first to restart the existing engine at the site and operate it to continue generating electricity, and then to re-power the site by installing Ener-Core’s EcoStations which are designed to operate with these low quality gases.

Brian Ladin, CEO of Delos Energy, said, “There is a sizeable market for generating clean power from closed landfills. We look forward to working with Ener-Core on this important project in Griffith Park, which will represent a new source of clean power for the city of Los Angeles and are enthusiastic about collaborating on similar projects at other sites should the opportunities arise.”

The purchase order for the four Ener-Core EcoStations is conditioned upon the execution of a new Power Purchase Agreement with Los Angeles Department of Water and Power (LADWP); a Letter of Intent with the Southern California Public Power Authority is already in place. Once the new Power Purchase Agreement is executed, confirming the commitment of the city of Los Angeles to purchase the power that is produced from the Toyon Canyon Landfill, Ener-Core will initiate the re-powering of the site.

This project is being initiated in the wake of the passage of South Coast Air Quality Management District’s Rule 1110.02, which takes effect on January 1, 2017 and which requires significant reductions in nitrogen oxide (NOx), volatile organic compounds (VOCs) and carbon monoxide (CO) emissions from engines. Ener-Core’s systems can generate 250 kW to 1.85 MW of power from low-quality gases that have historically been deemed infeasible for power generation, while also generating virtually zero NOx emissions.

About Ener-Core

Irvine, California-based Ener-Core, Inc. (ENCR) designs, manufactures and has commercially deployed unique systems that generate base load, clean power from polluting waste gases including methane. Ener-Core's patented Power Oxidizer is the only solution of its kind that turns one of the most potent pollution sources into a profitable, "always on" source of clean energy. Ener-Core's technology offers a revolutionary alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and ensuring compliance with costly environmental regulations.

Ener-Core offers the 250kW Ener-Core EcoStation EC250 ("EC250") and the larger counterpart, the 2MW Ener-Core Powerstation KG2-3GEF/PO.

About Delos Energy LLC

Delos Energy LLC is a Dallas-based investor in alternative energy projects. The principals of Delos Energy have extensive investing experience in energy, technology and transportation sectors.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein, Ener-Core assumes no obligation to update forward-looking statements.

Investor Relations:
Dian Griesel Int’l.
Susan Forman, 212-825-3210
or
Cheryl Schneider, 212-825-3210

Source: Ener-Core, Inc.

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Ener-Core Closes $3.0 Million Private Placement Transaction https://ir.ener-core.com/news/detail/65/ener-core-closes-3-0-million-private-placement-transaction Tue, 12 Apr 2016 16:05:00 -0400 https://ir.ener-core.com/news/detail/65/ener-core-closes-3-0-million-private-placement-transaction

IRVINE, Calif.-- Ener-Core, Inc. (“Ener-Core”) (OTCQB:ENCR), a provider of commercialized Power Oxidation technology and equipment that generates clean power from low-quality waste gases and is deployable in a wide variety of industries, today announced the closing of a private placement with an accredited investor of 696,056 shares of common stock on April 11, 2016 at a price of $4.31 per share for an aggregate offering amount of $3.0 million. No placement agent commissions were paid in connection with this private placement transaction.

Ener-Core intends to use the proceeds from the private placement for general corporate purposes and to continue supporting the fulfillment of product deliveries against closed commercial orders.

Further details regarding the private placement are described in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

The securities offered and sold in this private placement were not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities described herein, 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 under the securities laws of any such state or jurisdiction.

About Ener-Core, Inc.

Irvine, California-based Ener-Core, Inc. designs, develops, manufactures and has commercially deployed unique systems that generate base-load, clean power from polluting waste gases including methane. Ener-Core’s patented Power Oxidizer turns one of the most potent pollution sources into a profitable source of base-load clean energy. Ener-Core’s technology offers an alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and reducing the costs of compliance with environmental regulations.

Ener-Core offers a variety of platforms including the 250kW Ener-Core Powerstation EC250, the Ener-Core Power Oxidizer 333 kW Powerstation and the larger counterpart, the 2MW Ener-Core Powerstation KG2-3GEF/PO.

Cautionary Statement Regarding Forward-Looking Statements

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “intends, “estimated,” “planned,” “expects,” “believes,” “strategy,” “opportunity,” “anticipates,” and similar words. These statements include, among others, expectations regarding the closing of the private placement and are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated, which include, but are not limited to, risks and uncertainties associated with market conditions, the satisfaction of closing conditions related to the private placement and other risks and uncertainties that are discussed in Ener-Core’s documents that are filed with the Securities and Exchange Commission from time to time. The information contained in this release is as of the date of this press release. Except as otherwise expressly referenced herein or required by law, Ener-Core assumes no obligation to update forward-looking statements.

Investor Relations:
Dian Griesel Int’l.
Susan Forman
212-825-3210
or
Cheryl Schneider
212-825-3210

Source: Ener-Core, Inc.

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