Vycon - First Day of Dealings.

(From AFX CNF)

RNS Number:6386S Vycon 09 March 2007 This announcement is not for release, publication or distribution, in whole or in part, in or into the United States, Canada, Russia, Japan, South Africa, New Zealand or Australia. 09 March 2007 VYCON, Inc First Day of Dealings Vycon Inc ("Vycon" or the "Company"), the designer and manufacturer of high-speed flywheel based energy storage systems, is pleased to announce its admission to trading on AIM under the symbol VYCO. Vycon has placed 10,307,292 new Common Shares of US$0.0001 per Share at a placing price of 89p (US$1.75). Its market capitalisation will be approximately AGBP26.9 million (US$52.9 million) following admission at the Placing Price. Smith & Williamson Corporate Finance Limited is nominated adviser and broker to the Company. Placing Statistics Placing Price 89p (US$1.75) Number of Placing Shares 10,307,292 Number of Common Shares in issue immediately following the Placing 30,245,345 Market capitalisation of the Company at the Placing AGBP26.9 million (US$52.9 Price million) Gross proceeds of the Placing to be received by the AGBP9.2 million (US$18.0 Company million) Percentage of the Enlarged Share Capital available in the Placing 34.1% Commenting on the Placing and Admission to AIM, Vycon's President and Chief Executive Officer, Tony Aoun, said: "The response from institutions to the Placing has been extremely positive and we are delighted that so many global investors have recognised the potential of Vycon. Demand for renewable, clean energy products is increasing on a global scale, and we are well placed to exploit this opportunity. The proceeds raised by the Placing will enable Vycon to continue the expansion of its current production capabilities whilst developing larger systems for this growing market. We believe Vycon is in a very strong position with patented technology, a strong management team and a solid platform for growth. We look forward to an exciting future and the opportunity to deliver value for our stockholders." The Company's admission document (the "Admission Document") is available from the offices of Smith & Williamson Corporate Finance Limited at 25 Moorgate, London, EC2R 6AY. For further information, please contact: Vycon Inc Tony Aoun 001 562 293 3649 Dennis Whittler 001 562 293 1366 Smith & Williamson Corporate Finance Nick Reeve +44 (0) 117 933 3344 Limited …