Enable IPC Updates Shareholders on $4.5 Million, Three-Year RFID Agreement and National Science Foundation Grant
11 Enero 2011 - 8:00AM
Marketwired
Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to
shareholders and interested parties on the Company's $4.5 million
RFID agreement, other applications for the Company's ultracapacitor
technologies and the Company's $149,935 National Science Foundation
STTR Grant.
$4.5 Million, Three-Year RFID Agreement
Update
Enable IPC previously announced reaching a three-year $4.5
million 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 primarily sells RFID systems for
livestock applications and Enable IPC's customized ultracapacitor
is anticipated to significantly increase the customer's RFID system
read range, which would prove beneficial for both farm management
and food safety.
Since the announcement last fall, the initial product
development phase of the project has been completed and the
evaluation and testing phase has begun. Subject to successful
testing, the customer has committed to purchasing $4.5 million of
these customized ultracapacitor devices from Enable IPC over the
next three years.
There are three main types of RFID tags in production today:
'passive,' 'battery-assisted passive' or 'BAP' and 'active.' Enable
IPC's solution allows a battery-assisted passive (BAP) RFID tag to
be able to read many feet away while providing the low cost,
maintenance free reliability associated with a passive RFID tag.
The RFID tag industry is expected to see heavy growth in the coming
years with one third-party market research report forecasting a
total market value of $8 billion by 2014.
To learn more about Enable IPC's ultracapacitor technology,
please visit http://www.enableipc.com/ultracapacitors.html.
National Science Foundation Small Business
Technology Transfer Research Grant
In June 2010, Enable IPC announced that its subsidiary, SolRayo,
Inc., had been awarded a $149,935 STTR (Small Business Technology
Transfer Research) grant from the National Science Foundation (NSF)
to conduct research into applying the Company's technology into
battery applications. Specifically titled "Using Nanoparticle Oxide
Coatings to Increase Cycle Life of Cathode Materials for Li-Ion
Batteries," research is underway, being conducted by SolRayo's
Director of Battery R&D, Dr. Walter Zeltner in collaboration
with the University of Wisconsin. During Phase I of the study, the
Company's proprietary nanoparticle solution is being applied to
battery technologies to investigate initial findings suggesting
that battery life may be enhanced and that battery temperature
tolerances may be expanded by using the Company's nanoparticle
solution.
Other Applications for Enable IPC's
Ultracapacitor Technology
Enable IPC's ultracapacitor's ability to rapidly charge and
discharge energy along with its environmentally friendly nature are
expected to assist in the increasing use of ultracapacitors in an
ever widening array of applications.
As ultracapacitors are able to last for many cycles of charge
and discharge they can outlast batteries which are able to survive
a more limited number of cycles. The three main product areas in
which ultracapacitors are used are in transportation, in industry,
and in consumer electronics.
In transportation, ultracapacitors are primarily used to assist
in start-up ignition and in recharging batteries during braking.
Light commercial hybrid electric vehicles use ultracapacitors in
their batteries and are expected to be a major consumer of
ultracapacitors in the future. Ultracapacitors are also used in
heavy hybrid electric busses and large trucks, and are finding more
applications where quick bursts of energy are needed such as in the
opening of aircraft doors, and the operation of construction
cranes.
In industry, ultracapacitors assist in energy storage especially
in backup energy devices for operations where an uninterrupted
supply of energy is required. This is similar in nature to the
solar energy storage application which Enable IPC is currently
investigating which would allow "off-grid" homes (homes that are
not connected to a power grid) to store excess solar energy for use
during evenings or during cloudy days.
There are a large range of ultracapacitor uses in consumer
electronics. Ultracapacitors are especially used in memory storage
and applications that require sudden bursts of energy.
Ultracapacitors provide memory storage, power storage, and clock
back-up capabilities for mobile phones, PDA's, DVD and digital TV
recorders, PCs, and utility meters. Ultracapacitors also provide
quick energy bursts assisting with, for example, the startup of an
electronic device, or the flash of a camera.
About SolRayo, Inc.
SolRayo, Inc. (http://www.solrayo.com) is a Madison,
Wisconsin-based company set up to commercialize an ultracapacitor
technology licensed from the University of Wisconsin. In addition,
the Company introduced its potentiostat/galvanostat equipment
products in January 2010. SolRayo is a subsidiary of Enable IPC
Corporation.
About Enable IPC Corp. (Intellectual Property
Commercialization)
Enable IPC provides efficient, streamlined strategies for
turning technologies into products and bringing them to market.
Though not limited to nanotechnology or the energy industries,
Enable IPC's growing portfolio currently includes the exclusive
rights to two break-through energy technologies: a microbattery and
an ultracapacitor. 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
"expects," "projected," "should" 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.
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Product Inquiries: Kevin Leonard SolRayo, Inc. (608) 244-2799
Email Contact Investor Relations: Rich Kaiser (800) 631-8127 Email
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