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Enable IPC Corporation's (PINKSHEETS: EIPC) SolRayo (www.solrayo.com) subsidiary announced the opening of its new facility in Madison, Wisconsin.
The new facility, part of a larger business park, was built out to SolRayo's specifications and will house specialized equipment for the development and manufacturing of the Company's nanoparticle-based ultracapacitor electrodes. The facility, build out and equipment were funded in part by a grant from the Wisconsin Energy Independence Fund (WEIF) announced earlier.
"This move confirms SolRayo's commitment to advancing inexpensive ultracapacitor electrode manufacturing for renewable energy applications in Wisconsin," said SolRayo president, Dr. Mark Daugherty. "This move reaffirms the partnership between SolRayo, its parent -- Enable IPC Corporation -- and WEIF. All three share the same vision: to ultimately create jobs and expand renewable energy opportunities, particularly in the state of Wisconsin."
Dr. Daugherty remarked that the Company had previously utilized laboratory space at the University of Wisconsin to develop its electrodes. The move allows SolRayo to commence larger scale production of its electrodes, which could not happen at the university.
Enable IPC previously announced a webinar hosted by SolRayo (the presentation is available at www.solrayo.com/SolRayo/Renewable_Energy_Slides.html#0) and a status update of each of its technologies, available at www.enableipc.com/status
About Enable IPC Corporation
Enable IPC provides efficient, streamlined strategies for turning technologies into products and bringing them to market. Enable IPC's growing portfolio currently includes the exclusive rights to two break-through energy technologies: a nanoparticle-based ultracapacitor and a nanowire-based microbattery. These technologies address a combined market estimated to grow to over $3 billion by 2012. For more information, please visit http://www.enableipc.com.
SolRayo creates and develops innovative, environmentally friendly technologies that have the ability to change the way the world utilizes its energy resources. It is currently developing an ultracapacitor that improves the storage, delivery and usage of energy.
This release may contain forward-looking statements, such as "believes," "should," "targeted" and similar terminology, which are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the ability to secure additional financing for the company, changing economic conditions, business conditions, and the risks inherent in the operations of a company.
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