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SolRayo Signs Joint Development Agreement with Enable IPC for Nanoparticle-based
Ultracapacitor Technology
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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