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Enable Intellectual Property Commercialization Corporation (Enable IPC) (OTCBB: EIPC) today issued a Corporate Update to shareholders and interested investors.
The update discussed Enable IPC's activities over the past month, including two poster sessions at the Nanotech 2007 conference and the progress being made to commercialize the company's two technologies: a nanoparticle-based ultracapacitor and nanowire-based thin film microbattery.
The Company considers the ultracapacitor to be a fourth-generation technology, representing the next steps in integrating nanoparticles and inexpensive, readily-available materials into a simple manufacturing process. The resulting device has matched the performance of available commercial products during testing in the lab, but at a very low cost. Under a joint development agreement with SolRayo, the Company plans to have beta units available for target customers in the consumer electronics industry by the end of this calendar year.
The microbattery technology is aimed at a market that has been independently estimated to grow to over $3 billion by 2012. The company is targeting several applications for the device including healthcare products, RFID tags and smart cards. The product advantages are expected to include greater power density and lower costs than competing technologies.
In addition, the update provided a profile of Cathryn S. Gawne, the co-chair of the corporate and securities group at Silicon Valley Law Group. Ms. Gawne is Enable IPC's newest Board member. With over 25 years' experience in mergers and acquisitions, SEC compliance, corporate governance and intellectual property (among other areas), the Company is proud and honored to have her on board.
The Corporate Update can be found in its entirety on the company's website: http://www.enableipc.com/update062007
About Enable IPC
Enable IPC Corporation is developing power devices using advances in thin films and nanotechnology. Our products include microbatteries for very low power applications (utilizing nanowires as small as 1/1000th the diameter of a human hair) and ultracapacitors for a wide range of power applications (utilizing nanoparticles on carbon). These complementary products will be ideal for use in a variety of applications. The microbattery is targeted for use in healthcare products, RFID tags, smart cards and many other applications while the ultracapacitor is to be used in consumer electronics.
This release contains forward-looking statements, such as "believes," "expected," "targeted" 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.
For more information, please click here
Enable IPC Corporation
800-631-8127 (Investor Relations)
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