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 details on the tag performance and production schedule.
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, with substantial future growth.
"RFID tags are used every day all around the world," said Enable
IPC's CEO, David Walker. "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 distance for our RFID tags provided
by our ultracapacitors, we are enthusiastic about the future of our
relationship with our customers and partners."
Enable IPC's RFID Tags Cover the Entire 860 to
960 MHz RFID Band
Enable IPC's tags are specifically designed to operate across a
large, international frequency band, between 860 to 960 MHz,
meaning they will cover frequency bands used in major markets, such
as the US (902 to 928MHz), the EU (867 to 869MHz) and Japan (950 to
960MHz). As previously announced, 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, as well as the tags' sensitivity. In addition, the
tags will be designed to be rugged and durable with resistance to
harsh environments 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.
Additional details on the tag's characteristics are expected to
be released in the coming weeks.
Enable IPC's Production on Schedule
Enable IPC has completed and tested the initial RFID tag
prototypes and expects to have samples later this month or early
next month. Production units are still scheduled to be available in
June.
Tags for Use in Many Applications
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.
In addition to livestock tracking, 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 Expands its Role in RFID
Enable IPC previously announced 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.
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) 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.
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Contact: Rich Kaiser Investor Relations (800) 631-8127
Email Contact
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