On September 21, 2016, the board of directors of EnSync, Inc. appointed Frederick Vaske as Chief Administrative Officer. In this new role, Mr. Vaske will oversee all finance, accounting, treasury and investor relations responsibilities for the Company. Upon his appointment, Mr. Vaske succeeded James Schott, as principal financial officer.

On September 21, 2016 Mr. Schott resigned from his position as Chief Financial Officer of the Company. Dilek Wagner, the Company's current Vice President of Finance, will continue in that role and will now report to Mr. Vaske. Mr. Vaske joined the Company in December 2015 as the Vice President, Structured Finance where he brought 25 years of experience in project and asset finance, valuation and consulting.

He has held senior finance positions in the solar industry for the last 10 years, and led the closing of over $2.5 billion in debt and equity transactions in the utility and commercial solar photovoltaic industries. Prior to joining EnSync Mr. Vaske served as Vice President of project finance for Recurrent Energy, Hanwha Q CELLS USA and Scatec Solar USA.