Enable IPC (EIPC) Issues Update on 2013 Year-End Report, National Science Foundation Grants and RFID Tags
09 Julio 2013 - 8:15AM
Marketwired
Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to
shareholders and interested parties regarding the Company's fiscal
year-end financial report, National Science Foundation grants
progress and S/Cap RFID Tags.
Financial Report
March 31st was the fiscal year-end for Enable IPC. Highlights of
the year-end report include the fact that the Company's total
liabilities were at its lowest reported point since inception, and
that between March 31, 2012 and March 31, 2013, stockholders'
equity improved from -$18,787 to over $615,000.
Enable IPC and its subsidiary, SolRayo, Inc., continue to
explore avenues for growth in each of their product areas including
RFID tags and battery technologies treated with the Company's
nanoparticle solution. The high potential of these technologies is
evidenced in the progress of SolRayo's National Science Foundation
Grants.
National Science Foundation Phase II Grant and
Supplements
Enable IPC's subsidiary, SolRayo, Inc., was awarded a grant from
the National Science Foundation (NSF) in 2012 that is funding the
commercialization of a lithium-ion battery performance enhancing
technology. Lithium-ion batteries experience performance
degradation after repeated cycles, particularly in high temperature
applications. This new technology focuses on utilizing LiMn2O4
cathode, which is a cheaper version of the LiCoO2 lithium-battery
currently used worldwide. 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. The NSF funding
of $499,998 is provided under the Small Business Technology
Transfer Phase II program (learn more here:
http://www.enableipc.com/nano_li_ion.htm).
During the last few months, the NSF has awarded SolRayo
additional funds under supplemental programs:
- The Phase II-REU supplement, awarded in September, provided
SolRayo funding support of $16,000 for research participation by
two undergraduate students.
- The Phase II-CC program is meant to foster partnerships between
businesses and community colleges. Under this program, the NSF
awarded SolRayo $39,993 in May 2013 to partner with Madison Area
Technical College to investigate the performance of the technology
at colder temperatures.
In terms of commercialization progress, the Company has focused
on locating industrial partners that manufacture lithium-ion
battery cathodes to provide test materials for the Company to coat
with its nanoparticle materials, varying the concentrations.
Results have been promising and the Company is continuing this work
with its industrial partners.
RFID Tags
Sales of Enable IPC RFID tags have slowed recently, however
efforts continue with particular focus on larger scale potential
customers. Enable is currently working with an overseas company
exploring a possible future in combining RFID tags with GPS
technologies in specific applications. Convergence of the two
popular technologies may lead to accurate long-range and local
tracking of objects fully integrated within a company's operational
software systems.
Join Us
Our social media presence is growing. We are excited to have
over 4,000 followers on Twitter and over 1,000 likes on Facebook as
well as an active blog providing updates on the Company and our
industry. We encourage you to join us as well. 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/enableipc/
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: Daniel Finch (262)
948-1868 Investor Relations: Rich Kaiser (800) 631-8127 Email
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