Enable IPC Reaches $4.5 Million Three-Year Deal for Ultracapacitors for Use in RFID Applications
30 Agosto 2010 - 7:00AM
Marketwired
Enable IPC Corporation (PINKSHEETS: EIPC) announced today that the
Company has reached an agreement with a major manufacturer of radio
frequency identification (RFID) tags and readers to provide
ultracapacitor-based products to improve the range in which the
tags can be read. The customer has committed, subject to successful
product development and testing, to purchase a total of $4.5
million in customized ultracapacitor devices from Enable IPC over
the next three years to incorporate into the customer's RFID tags.
Both parties anticipate that, given the fact that a significantly
longer read range will provide much needed traction in the RFID tag
market, the total dollar amount of tags sold by the customer will
likely be much higher than currently forecasted.
"The Enable IPC/SolRayo ultracapacitor-based technology is ideal
for the RFID application," said David Walker, CEO of Enable IPC
Corporation. "The idea of quickly and economically charging and
discharging the power device is very attractive in this market.
"RFID tags are used everyday all around the world. If you've
used EZPass on a toll road, or had your pet embedded with a chip,
you've likely used an RFID tag. The reports we've seen state that,
despite the global economic recession, the RFID tag market is
expected to grow significantly. Based on these reports, the
compound annual growth rate could be 14%, and the market could
exceed $8 billion in 2014. With an anticipated longer read range
provided by our ultracapacitors, we are enthusiastic about the
future of our relationship with our customer."
Consisting of a microchip and radio antenna, RFID tags transmit
information using radio waves. A reader is used to intercept the
waves and interpret the information. Tags can be passive,
battery-assisted passive (BAP) or active. BAP and active tags use a
power source to enhance the signal so it can be read from much
farther away. Using Enable IPC products, the companies expect to
provide the benefits of an outside power source at a much lower
cost.
RFID tags are widely used across many industries in dozens of
applications, including inventory, pet, livestock and asset
tracking, tires, anti-theft devices, toll roads, passports, patient
identification and much more. Some pharmaceutical companies use
RFID tags to track controlled drugs and to verify authenticity
throughout manufacturing and shipping. RFID tags are used in many
toll roads to collect fees electronically and by ExxonMobil in its
"SpeedPass" to collect payment at gas stations. Shipments of RFID
embedded credit cards or "Smart Cards" increased 16% to 675 million
in 2009, and credit card companies such as Visa with its new
"payWave" are beginning to offer RFID embedded Smart Cards to
provide users with a more convenient "contactless" payment
option.
Concerns over food safety have led some countries including
Canada, Australia and New Zealand to begin mandating RFID use in
tracking livestock all the way from birth to retail sales. As this
spreads to other countries and other animal types, livestock
tracking is expected to become the dominant market in the RFID
industry -- British Research firm IDTechEx expects livestock
tracking to be the largest RFID market by 2017 at nearly $6.5
billion worldwide, largely propelled by government mandates.
The Companies plan to issue additional details on this agreement
in the coming weeks.
About Enable IPC Corp. (Intellectual Property
Commercialization)
Enable IPC (http://www.enableipc.com) provides efficient,
streamlined strategies for turning technologies into products and
bringing them to market. The company seeks to turn technologies
into products and is a transparent, fair turnkey partner for
sub-licensing and joint development with other companies.
Forward-Looking Statements
This release may contain forward-looking statements, such as
"anticipate," "likely," "could" and similar terminology that are
made pursuant to the safe harbor provisions of the Private
Securities Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties, which may cause a
company's actual results in the future to differ materially from
forecasted results. These risks and uncertainties include, among
other things, the ability to secure additional financing for the
company, changing economic conditions, business conditions, and the
risks inherent in the operations of a company.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Enable IPC Investor Relations: Rich Kaiser (800) 631-8127
ir@enableipc.com
Enable IPC (CE) (USOTC:EIPC)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Enable IPC (CE) (USOTC:EIPC)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024