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Enable IPC's SolRayo Begins Work on STTR Program Grant From the National Science Foundation (NSF) SBIR/STTR Program
Enable IPC Corporation (Pinksheets: EIPC) announced today that its subsidiary, SolRayo, has commenced work on its recently awarded STTR grant from the National Science Foundation (NSF) SBIR/STTR Program. The work will continue through June 30, 2011 and is being performed under the guidance of SolRayo's Director of Battery R&D, Dr. Walter Zeltner and in collaboration with the University of Wisconsin. SolRayo is developing new nanoparticle-based materials for commercial use in various renewable energy, industrial, consumer and automotive applications. The objective of the awarded grant is to address an issue concerning the degradation of performance of certain lithium batteries, particularly in high temperature applications.
SolRayo CEO Dr. Mark Daugherty said, "Our research into this technology suggests that battery life can be significantly expanded by using a simple, inexpensive nanoparticle coating process we have been developing. This could mean a large market opportunity for us in a number of areas, most particularly in military, remote power and transportation applications."
Kevin Leonard, Chief Technology Officer at SolRayo, commented, "Our initial research shows that our process inhibits the degradation of battery cathode materials, especially at higher operating temperatures. This means that a battery's life could be extended significantly by applying an inexpensive, nano-based coating to one of the battery's key components."
SolRayo's research results are based upon work supported by the National Science Foundation Small Business Technology Transfer (STTR) Program under Proposal/Grant No. 1010409. Any opinions, findings, and conclusions or recommendations expressed in this press release are those of the author(s) and do not necessarily reflect the views of the National Science Foundation.
This release may contain forward-looking statements, such as "could," "suggests" and similar terminology that 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.
SolRayo, Inc. (http://www.solrayo.com) is a Madison, Wisconsin-based company focused on developing new nanoparticle based materials for use in various renewable energy, industrial, consumer, and automotive applications. The Company is currently working to commercialize an ultracapacitor technology licensed from the University of Wisconsin. In addition to its materials research and development work, the Company introduced its potentiostat/galvanostat equipment products in January 2010. SolRayo is a subsidiary of Enable IPC Corporation.
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