Contact Information: Investor relations: Rich Kaiser (800) 631-8127 ir@enableipc.com
Enable IPC Issues Corporate Update on Recent Federal Stimulus Package Grant Opportunities
VALENCIA, CA--(Marketwire - September 10, 2009) - Enable IPC Corporation (PINKSHEETS : EIPC )
today issued a corporate update to shareholders and interested investors,
focusing on a review of proposals recently submitted by the Company and
upcoming opportunities.
In a previous update, the Company discussed the funding available from the
US government, mostly as a result of President Obama's stimulus package.
Enable IPC has evaluated a large number of opportunities relating to the
Company's technologies available through existing programs, as well as new
opportunities.
To date, the Company has submitted several proposals, amounting to over $7
million in potential funding, to six different government agencies, with
additional opportunities currently being evaluated. These proposals range
in size from $80,000 to over $3 million. Enable expects to hear feedback
from the respective agencies regarding these opportunities between now and
the end of this year.
In addition, Enable recently released an ultracapacitor design that the
Company is currently working on under the Wisconsin Energy Independence
Fund grant. The unit will be scalable, meaning it will be able to provide
anywhere from a few hundred farads to as much as 10,000 farads using the
same container. This will allow Enable to use the same packaging for
multiple applications. Initially, the Company is focusing this design on
renewable energy uses.
$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.