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Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to shareholders and interested parties on the Company's $4.5 million RFID agreement, other applications for the Company's ultracapacitor technologies and the Company's $149,935 National Science Foundation STTR Grant.
$4.5 Million, Three-Year RFID Agreement Update
Enable IPC previously announced reaching a three-year $4.5 million agreement with a major manufacturer of radio frequency identification (RFID) tags and readers to provide ultracapacitor-based products to improve the range in which the tags can be read. The customer primarily sells RFID systems for livestock applications and Enable IPC's customized ultracapacitor is anticipated to significantly increase the customer's RFID system read range, which would prove beneficial for both farm management and food safety.
Since the announcement last fall, the initial product development phase of the project has been completed and the evaluation and testing phase has begun. Subject to successful testing, the customer has committed to purchasing $4.5 million of these customized ultracapacitor devices from Enable IPC over the next three years.
There are three main types of RFID tags in production today: 'passive,' 'battery-assisted passive' or 'BAP' and 'active.' Enable IPC's solution allows a battery-assisted passive (BAP) RFID tag to be able to read many feet away while providing the low cost, maintenance free reliability associated with a passive RFID tag. The RFID tag industry is expected to see heavy growth in the coming years with one third-party market research report forecasting a total market value of $8 billion by 2014.
Learn more about Enable IPC's ultracapacitor technology www.enableipc.com/ultracapacitors.html
National Science Foundation Small Business Technology Transfer Research Grant
In June 2010, Enable IPC announced that its subsidiary, SolRayo, Inc., had been awarded a $149,935 STTR (Small Business Technology Transfer Research) grant from the National Science Foundation (NSF) to conduct research into applying the Company's technology into battery applications. Specifically titled "Using Nanoparticle Oxide Coatings to Increase Cycle Life of Cathode Materials for Li-Ion Batteries," research is underway, being conducted by SolRayo's Director of Battery R&D, Dr. Walter Zeltner in collaboration with the University of Wisconsin. During Phase I of the study, the Company's proprietary nanoparticle solution is being applied to battery technologies to investigate initial findings suggesting that battery life may be enhanced and that battery temperature tolerances may be expanded by using the Company's nanoparticle solution.
Other Applications for Enable IPC's Ultracapacitor Technology
Enable IPC's ultracapacitor's ability to rapidly charge and discharge energy along with its environmentally friendly nature are expected to assist in the increasing use of ultracapacitors in an ever widening array of applications.
As ultracapacitors are able to last for many cycles of charge and discharge they can outlast batteries which are able to survive a more limited number of cycles. The three main product areas in which ultracapacitors are used are in transportation, in industry, and in consumer electronics.
In transportation, ultracapacitors are primarily used to assist in start-up ignition and in recharging batteries during braking. Light commercial hybrid electric vehicles use ultracapacitors in their batteries and are expected to be a major consumer of ultracapacitors in the future. Ultracapacitors are also used in heavy hybrid electric busses and large trucks, and are finding more applications where quick bursts of energy are needed such as in the opening of aircraft doors, and the operation of construction cranes.
In industry, ultracapacitors assist in energy storage especially in backup energy devices for operations where an uninterrupted supply of energy is required. This is similar in nature to the solar energy storage application which Enable IPC is currently investigating which would allow "off-grid" homes (homes that are not connected to a power grid) to store excess solar energy for use during evenings or during cloudy days.
There are a large range of ultracapacitor uses in consumer electronics. Ultracapacitors are especially used in memory storage and applications that require sudden bursts of energy. Ultracapacitors provide memory storage, power storage, and clock back-up capabilities for mobile phones, PDA's, DVD and digital TV recorders, PCs, and utility meters. Ultracapacitors also provide quick energy bursts assisting with, for example, the startup of an electronic device, or the flash of a camera.
This release may contain forward-looking statements, such as "expects," "projected," "should" 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.
About Enable IPC
Enable IPC 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: a microbattery and an ultracapacitor. The company seeks to turn technologies into products and is a transparent, fair turnkey partner for sub-licensing and joint development with other companies.
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