Contact Information: Investor relations: Rich Kaiser (800) 631-8127 ir@enableipc.com
Enable IPC Completes Ultracapacitor Electrode Shipments to IMDEA Energia
VALENCIA, CA--(Marketwire - March 30, 2009) - Enable IPC Corporation (PINKSHEETS : EIPC )
today announced that it has made its final shipment of ultracapacitor
electrodes to IMDEA Energia in Madrid, Spain. The shipment was made from
the company's SolRayo facility in Madison, Wisconsin.
This completes Enable's portion of the contract, valued at EUR 47,000
(about $60,000, depending on the exchange rate). 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 will have a multi-million dollar
opportunity in renewable energy.
"This is a high profile demonstration that we expect will lead to
additional contracts for the use of our devices in renewable energy systems
throughout the world," said Dr. Mark Daugherty, Chief Technology Officer of
Enable IPC and President of SolRayo.
The demonstration is meant, in part, to illustrate that ultracapacitors
should be used in renewable energy applications.
"Solar and wind technologies are wonderful," said SolRayo CTO Kevin
Leonard. "But sometimes, the sun doesn't shine and the wind doesn't blow.
Ultracapacitors can be used to level out the load."
Ultracapacitors have not been used in these applications before because
they have been too expensive. Enable IPC's technology lowers the cost of
the devices and helps make them economically viable for renewable energy.
About Enable IPC Corporation
Enable IPC provides efficient, streamlined strategies for turning
technologies into products and bringing them to market. Enable IPC's
growing portfolio currently includes the exclusive rights to two
breakthrough energy technologies: a nanoparticle-based ultracapacitor and a
nanowire-based microbattery. These technologies address a combined market
estimated to grow to over $3 billion by 2012. For more information, please
visit http://www.enableipc.com.
Forward-Looking Statements
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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.