Enable IPC Issues Update to Shareholders on the Company's RFID Tag
15 Marzo 2011 - 7:00AM
Marketwired
Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to
shareholders and interested parties on recent developments
regarding the Company's previously announced RFID agreement,
including a manufacturing arrangement and increased revenue
expectations. The Company also released details on its expected
robust RFID tag as well as additional potential applications which
would take advantage of the tag's unique characteristics. The
schedule calls for samples to be ready next month with products
available for sale in June.
Enable IPC Expands its Role in RFID
Enable IPC has reached a marketing and distribution agreement
that will serve to expand the Company's role in a previously
announced RFID agreement. Enable IPC will now manage and oversee
the manufacturing of a new, rugged and state of the art RFID tag
that utilizes ultracapacitors provided by Enable and other novel
devices.
Additionally, the confidential partner company discussed in the
previously announced agreement will use its substantial experience
in marketing and selling RFID systems to serve as the primary
marketer and distributor of Enable's RFID tags. The value of the
agreement for Enable IPC is also expected to increase substantially
from the $4.5 million, three-year agreement previously
announced.
"Our schedule calls for the first product samples to be
available in 4 to 5 weeks," said David Walker, CEO of Enable IPC.
"Final prototypes will follow and production units are expected to
be available for sale in late May or early June."
RFID tags are devices that transmit data over radio frequencies.
They are used in dozens of applications and the market for these
devices has been estimated by a third party market researcher at
nearly $6 billion in 2010, growing to over $8 billion by 2014.
Additional details are expected to be released in the coming
weeks.
Product Details Revealed
The Company has issued new information regarding the RFID tag's
expected characteristics. The final product is expected to be
unlike anything currently available on the market. The tag will
utilize Enable's ultracapacitors (along with some additional novel
devices) which are expected to substantially improve the range at
which the tags can be read. In addition, the tags will be designed
to be rugged and durable, and are expected to last longer than many
of the items they will be used to track. The tag is also designed
to be high-end, with performance characteristics and tracking
distances expected to exceed those in its product category. The
tags will also be re-usable and will likely be offered with an
attractive long-term warranty.
RFID's Many Uses
In addition to livestock tracking, as mentioned in previous
releases, a product with the characteristics of Enable IPC's tag is
especially fitting for outdoor applications that can take advantage
of its robust nature. Some examples include use for oil rigs (both
for asset and personnel tracking), transportation, pallet and
container tracking, sports (runners, etc.), equipment tracking,
forestry identification processes, aerospace, and particular
applications for the largest user of RFID, the U. S. Department of
Defense.
Enable IPC's Expanded Communication
Channels
Enable IPC has recently taken on the challenge of expanding its
communication channels, primarily through the use of social media.
As a part of this effort, the Company has improved its website,
redesigning it for a sleeker, cleaner look and improved user
interface.
Enable IPC's website is located at: http://www.enableipc.com
In addition, Enable IPC has recently added a YouTube channel,
Facebook page and Twitter as part of its communications effort.
Followers of the Company can now receive updated information on a
more regular basis as well as data on the items of interest to the
Company.
Enable IPC's YouTube channel is located at:
http://www.youtube.com/enableipc
To follow Enable IPC on Twitter, go to:
http://www.twitter.com/enableipc
To view the company's Facebook page, go to:
http://www.facebook.com/pages/Enable-IPC/140064176054394
About Enable IPC Corp. (Intellectual Property
Commercialization)
Enable IPC (http://www.enableipc.com) turns technologies into
products. The company 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", "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.
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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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