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New Contract from an Ambitious R&D Program Funded by Spain's Administration to Address Local and International Energy Solutions
Marking a major milestone with the first commercial use of its breakthrough ultracapacitor nanotechnology, Enable IPC Corp. (OTCBB:EIPC), a leading company for turning technologies into products and successfully bringing them to market, today announced that it has partnered with the Madrid, Spain-based IMDEA Energy Institute to jointly develop ultracapacitors based on Enable IPC's patent-pending energy technology. The initial project for this venture will be to incorporate Enable IPC's ultracapacitor into the SA2VE clean energy innovation program.
Enable IPC's ultracapacitor technology combines nanoparticles with common carbon sheets for a low cost, easy-to-implement technology that improves the performance of ultracapacitors so they can function as clean energy storage devices. The enhanced ultracapacitors are simpler, cheaper and longer lasting than some conventional batteries, but perform just as well in many applications.
"Our partnership with IMDEA Energy marks a major validation of Enable IPC's ultracapacitor technology by a renowned international organization," said David Walker, CEO, Enable IPC. "Partnering with IMDEA Energy solidifies our standing as a leading company with cutting-edge energy technologies. We are excited by this unique opportunity to help develop clean energy devices that could be a part of the solution to the world's energy problems, and hope it marks the first of many collaborations with IMDEA Energy."
The IMDEA Energy Institute develops energy-related Research and Development (R&D) with an emphasis on renewable energy and clean energy technologies to achieve outstanding scientific and technological contributions that create a sustainable energy system. Together with the SA2VE, a strategic national research and development program in Spain focusing on electricity storage for applications in renewable energy integration, transport sectors and households, the organizations seek innovative, state-of-the-art technologies to address energy issues locally in Spain, as well as worldwide. In effect since 2006, partnering with Enable IPC marks one of the first steps in SA2VE's expansion to include ultracapacitors.
"After conducting an exhaustive search of ultracapacitor technologies, we chose Enable IPC due to the numerous improvements that their process produced over today's current market-ready ultracapacitors," said Manuel Romero, Deputy Director, IMDEA Energy Institute. "The Government of Spain is extremely committed to developing environmentally friendly sources of energy, and this partnership is an excellent example of how technology can be used to protect the environment, while also assisting the economy."
Under the new partnership, IMDEA Energy will work directly with Spanish company Green Power and a national lab in Spain known as CEDEX, while Enable IPC will provide enhanced ultracapacitor electrodes to the organization for integration into a new power conditioning unit.
About Enable IPC
Enable IPC (OTCBB:EIPC) provides efficient, streamlined strategies for turning technologies into products and bringing them to market. Though not limited to nanotechnology or the energy industries, Enable IPC’s growing portfolio currently includes the exclusive rights to two break-through energy technologies. The company seeks to turn technologies into products and is a transparent, fair turnkey partner for sub-licensing and joint development with other companies.
About IMDEA Energy Institute
The IMDEA Energy Institute has been created by the Regional Government of Madrid, Spain, in order to develop cutting-edge R&D activities in energy, with main emphasis in those topics related to renewable energy and clean energy technologies. The portfolio of expertise includes the following themes: solar energy systems and technologies, with special emphasis in concentrating solar power; production of sustainable fuels for the transport sector: hydrogen, biofuels and waste-derived fuels; energy storage coupled to renewable energies; smart management of electricity demand; development of energy use systems with enhanced efficiency such as fuel cells and polygeneration and alternatives for CO2 confinement and valorization. For more info: www.imdea.org.
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 Corp.
Rich Kaiser, 800-631-8127
Wonacott Communications, LLC
Jason Wonacott / Jessica Busch, 310-477-2871
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