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Enable IPC Corporation (OTCBB: EIPC) has announced that their Annual Meeting of Shareholders will be held at the Tournament Players Club ( http://www.tpcatvalencia.com/ ) in Valencia, California, on July 26, 2007 at 9:00 AM PDT.
At the Annual Meeting, several proposals will be brought forward for a shareholder vote. The proposals are detailed in the Company's proxy statement, which can be found on the company website under "For Investors" at http://www.enableipc.com/ForInvestors.html .
Separately, Enable IPC recently issued a corporate update which can be found at http://www.enableipc.com/update062007. 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.
Capacitor and ultracapacitor technologies compliment battery technologies by providing needed power bursts and thereby extending battery life. The ultracapacitor industry has three main sectors: consumer electronics, industrial and transportation. In 2006, the high-growth ultracapacitor industry was independently valued at $272 million dollars, due in part to the increasing popularity of personal electronics and hybrid vehicles.
The patent-pending 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 health care products, RFID tags and smart cards. The product advantages are expected to include greater power density and lower costs than competing technologies.
About Enable IPC Corporation
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 complimentary 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.
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Enable IPC Corporation
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