Enable IPC Issues Update on Its First Profitable Quarter and Its Patent Pending S/Cap RFID Tag
13 Marzo 2012 - 7:00AM
Marketwired
Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to
shareholders and interested parties regarding its first profitable
quarter and its patent pending S/Cap RFID Tag. The company has
secured an agreement to begin selling its S/Cap RFID Tag® in China,
the world's second largest RFID Tag market, and plans to launch a
new on-metal version of the S/Cap RFID Tag® within the next two
weeks.
First Profitable Quarter
March 31st is the fiscal year end for Enable IPC, and the final
quarter of this fiscal year has been the best in the company's
short history. The company has successfully secured revenues
sufficient to make this the company's first profitable quarter.
"The company's revenues have increased substantially,
quarter-to-quarter, beginning with the S/Cap RFID Tag® product
announcement in June 2011," stated CEO David Walker. "As the
company continues its efforts to commercialize new products
including RFID tags, AAO nanopore templates, ultracapacitors and
lithium-ion battery cathode coating materials, we anticipate
revenues to continue to grow through the next fiscal year and
beyond. We are pleased with the current pace of revenue and product
development and expect these exciting times for Enable IPC to
continue."
S/Cap RFID Tag® Developments
Enable IPC previously announced completion of design and testing
of a new on-metal version of the S/Cap RFID Tag® and today
announced that manufacturing is underway and the new on-metal
version of the S/Cap RFID Tag® is expected to be available within
the next two weeks.
In addition the company has secured an agreement with a
commercialization and marketing company with strong ties to China
to begin sales of S/Cap RFID Tag® products in that country, the
world's second largest market for RFID tags. This group, with
offices in Shanghai and Los Angeles, brings decades of experience
working in this product area, and utilizing an existing network, is
expected to help secure a foothold for S/Cap RFID Tag® products in
the Chinese market.
Enable IPC also announced today that it has completed its
initial patent application and that the S/Cap RFID Tag® is now
officially "patent pending." The company expects to file additional
patent applications in the near future. The S/Cap RFID Tag® is
unique to the RFID tag market in that it utilizes an ultracapacitor
for its power source. The ultracapacitor provides the tag with many
of the benefits of a battery-assisted passive tag while negating
most of the problems of short battery life. Ultracapacitors can
exceed as much as 1000 times the cycle life of a battery meaning
the useful life of an S/Cap RFID Tag® can be significantly longer
than that of active or battery-assisted passive RFID Tags powered
with common battery chemistries.
Update on National Science Foundation Phase II Grant for
$500,000
Previously, Enable IPC announced that its subsidiary Solrayo,
Inc. had successfully completed Phase I of its National Science
Foundation STTR (Small Business Technology Transfer) grant and also
submitted its application for Phase II funding. The NSF has yet to
announce its decision for Phase II, which would fund two years of
technological development towards the commercialization of a
lithium-ion battery boosting technology. Lithium-ion batteries
experience performance degradation after repeated cycles,
particularly in high temperature applications. The new technology
is an inexpensive nanoparticle based coating that is applied to
critical components of the battery and protects the battery from
degradation, significantly extending lithium-ion battery life. NSF
Phase II grant funding is aimed at fully commercializing
technologies.
Enable IPC Blog
The company has received positive responses and support for its
series of Blog articles on Intellectual Property and
Entrepreneurship and would like to thank those that have taken the
time to express appreciation for the articles. Please continue to
check the blog as we explore new topics in Small Business,
Entrepreneurship, RFID and Nanotechnology in the future. The Enable
IPC Blog can be found at http://enableipc.blogspot.com.
Enable IPC can be found on the following social media sites:
Enable IPC Website: http://www.enableipc.com Enable IPC Blog:
http://enableipc.blogspot.com/ Enable IPC on YouTube:
http://www.youtube.com/enableipc Enable IPC on Twitter:
http://www.twitter.com/enableipc Enable IPC on Facebook:
http://www.facebook.com/pages/Enable-IPC/140064176054394
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
"plans," "expects," "believes" 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: Product and distribution inquiries: David Walker Email
Contact (661) 347-0607 or Daniel Finch (262) 948-1868 Investor
Relations: Rich Kaiser (800) 631-8127 Email Contact
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