Contact Information: Investor relations: Rich Kaiser (800) 631-8127 ir@enableipc.com
Enable IPC Announces Open House Today from 4pm - 7pm CDT at SolRayo Offices in Madison
MADISON, WI--(Marketwire - June 4, 2009) - Enable IPC Corporation's (PINKSHEETS : EIPC )
subsidiary, SolRayo, will host an open house to celebrate the opening of
its new facility in Madison, Wisconsin. The facility was built to
manufacture ultracapacitor electrodes for a variety of applications.
The open house will begin today, June 4th, from 4:00 pm - 7:00 pm CDT. The
office is located at 4005 Felland Road, Suite 107, Madison, WI 53718.
Enable IPC acquired a controlling interest in SolRayo in October 2008.
SolRayo was founded by the researchers who developed the ultracapacitor
technology and who continue to work with SolRayo today.
SolRayo opened the Company's new facility with funds from a clean energy
grant from the State of Wisconsin. The competitive grant was awarded to
assist with the critical goal of developing reliable clean energy
technologies in the state. The Company was chosen based on the merits of
its technology, as well as the health of its business plan.
"The award of the grant, the opening of this facility in February and the
delivery of our enhanced electrodes to IMDEA Energia in Madrid for a
renewable energy project sponsored by the Spanish government in March, all
provide a validation of our ultracapacitor technology's potential," said
David Walker, CEO of Enable IPC. "We will be able to introduce cutting edge
nanotechnology-based ultracapacitor components using this facility, in
conjunction with the brilliant researchers who know the technology best."
For more information on the open house and SolRayo, contact Wendy Suyama at
wendy.suyama@solrayo.com or 1.608.244.2799.
Enable IPC's Ultracapacitors Used in High Profile Renewable Energy Project
Enable IPC has recently completed ultracapacitor electrode shipments to
IMDEA Energia in Madrid, Spain for a renewable energy demonstration
project. The electrodes will be incorporated into a power conditioning unit
by IMDEA and Green Power, a Spain-based renewable energy manufacturer, for
a demonstration as part of the SA2VE project -- a Spanish
government-sponsored program focused on new energy solutions, particularly
relating to "green" power. If the project is successful, the Company could
have a
multi-million dollar opportunity in renewable energy.
$600 Million Ultracapacitor Market
Enable IPC's ultracapacitor technology is aimed at a market estimated to
grow to over $600 million by the year 2012. While the company has been
mostly focusing on the use of ultracapacitors in renewable energy, there
are also huge opportunities for this technology in consumer, other
industrial and transportation applications as well. For more detailed
information on ultracapacitors, please visit the corporate website at:
http://www.enableipc.com/ultracapacitor.html.
Forward-Looking Statements
This release may contain forward-looking statements, such as "estimated,"
"could," "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.