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SolRayo Signs Joint
Development Agreement with Enable IPC for Nanoparticle-based
Ultracapacitor Technology
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Valencia,
CA, March 29, 2007 – Enable IPC Corporation (OTCBB:EIPC) announced today
that it has signed
a joint development agreement with SolRayo, LLC, based in Madison,
Wisconsin. The purpose of the
agreement is to evaluate a new, nanoparticle-based ultracapacitor
technology in development by SolRayo
personnel. Enable IPC is in the business of continuously evolving
microbattery technology to meet the
demands of the latest technological innovations requiring microbatteries,
such as “smart cards”, RFID
equipment and medical devices. Capacitor and ultracapacitor technologies
compliment battery
technologies by providing needed power bursts and thereby extending
battery life.
Kevin Leonard, President of SolRayo, said, “We are pleased to be working
with Enable IPC on this
important technology. We have demonstrated that our device lends itself
to mass production and meets
many of the market specifications today. This agreement calls for work to
commence next month, is
milestone-based and should result in Enable IPC’s delivery of beta units
to initial customers by the time
we’re done.”
“Ultracapacitors have been described as the ‘big brother’ of batteries,”
said Dr. Mark Daugherty, CTO of
Enable IPC. “Batteries are usually good at energy and bad at power.
Capacitors, on the other hand, are
good at power, but typically not so good at energy. Combining these two
can lengthen battery life in many
applications.”
“This technology could help us address some of the issues our potential
microbattery customers have with
short power bursts”, said David Walker, CEO of Enable IPC. “As we
continue to develop the technology,
additional market niches could open up to us as well.”
About SolRayo LLC
SolRayo is
a Madison, Wisconsin based LLC co-founded by Kevin Leonard and ParaSol
Technologies
LLC whose mission is to create innovative environmentally friendly
technologies that change the way the
world utilizes its energy and water resources. SolRayo’s management team
has extensive experience in
scientific research and development and an intimate knowledge of
nanotechnology, electrochemistry,
chemical engineering, and mechanical engineering. Using this expertise,
SolRayo is dedicated to
developing ultracapacitors to improve the storage, delivery, and usage of
energy.
About Enable IPC Corp.
(Intellectual Property Commercialization)
Enable IPC
Corporation has a patent application on a proprietary concept that
combines thin film
manufacture with nanotechnology to produce a microbattery that the company
believes will significantly out
perform comparable products and revolutionize the microbattery industry.
The company’s product is
expected to be smaller, cheaper, longer lasting and more environmentally
friendly than comparable
existing products. The microbattery should be ideal for use in multiple
applications including healthcare
products, RFID tags, and smart cards.
Forward-Looking Statements:
This
release contains forward-looking statements, such as “should”, “could”,
“believes”, “expected” and
similar terminology, which are made pursuant to the safe harbor provisions
of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve
risks and uncertainties which
could cause actual results that the Company achieves to differ materially
from any of the forward-looking
statements. Such risks and uncertainties, include, but are not limited
to, the following: the timely
development and market acceptance of products and technologies, the
ability to secure additional sources
of financing, the difficulties in forecasting results from development
efforts, difficulties in accurately
estimating market growth, the impact of changing economic conditions,
business conditions in the
microbattery industry and others identified in our Annual Report on Form
10-KSB, as amended, and other
Securities and Exchange Commission filings. The company undertakes no
obligations to revise or update
any forward-looking statements in order to reflect events or circumstances
that may arise after the date of
this release.
Contact:
Rich Kaiser
(800) 631-8127
ir@enableipc.com
www.enableipc.com
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