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Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to shareholders and interested parties regarding its National Science Foundation Phase II Proposal for funding testing of its lithium-ion battery nanoparticulate technology, a new addition to the board of directors, Dan Finch, and updates on the S/Cap RFID TagŪ.
NSF Phase II Proposal
Enable IPC has completed its proposal for Phase II funding from the National Science Foundation's STTR program. The Company expects to receive word in the next few weeks and, if the project is approved, the NSF will provide Enable IPC's subsidiary SolRayo, Inc., an additional $500,000 in funding for two years to commercialize the Company's nanoparticulate-based lithium-ion battery performance boosting technology. The promising new technology has been shown to decrease the degradation of battery cathode materials, especially at higher temperatures. This could provide the lithium-ion battery industry with an inexpensive solution to significantly increased battery life.
Daniel W. Finch Joins the Board of Directors
Dan Finch has joined Enable IPC's Board of Directors. Most recently Dan served as President and CEO of Advanced ID Corporation, a technology company focused on RFID Tags for livestock and tire tracking as well as universal ultra-high frequency (UHF) RFID Readers. He currently serves as Chief Operating Officer for Revolutionary Tracker, a people tracking start-up company based in New York and is a principal with Americas Technologies Solutions, a US-based RFID corporation with sales primarily in South America.
Dan has a long history of successfully managing growing companies including serving as President of Westell, a Chicago-based firm, which he led from startup to $18 million revenue per year. He also served as President of C-COR electronics, leading the company from $65 million to $136 million in annual sales within 3 years. In addition, he started an executive search firm in Dallas, Texas which reached $1 million in annual fees.
Dan holds a BS in Physics from the Indiana Institute of Technology and an MBA in Economics and Corporate Finance from the University of Chicago.
S/CapŪ RFID Tag Updates
Enable IPC's S/Cap RFID TagsŪ are currently being evaluated by companies with applications in areas such as forestry, utilities, airlines, railroads and outdoor signs. The initial on-metal version of the S/Cap RFID TagŪ has been completed and successfully tested and is now being designed with a new, slimmer profile and smaller footprint. Companies within the RFID industry have expressed interest in the S/Cap RFID TagsŪ especially due to their longevity. S/Cap RFID TagsŪ can provide the effectiveness of a battery-powered tag without concerns regarding having to replace the tag when the battery dies. Look for Enable IPC to provide further updates on its S/Cap RFID TagŪ in the coming weeks.
Blog Article Series on Intellectual Property and Patents
Currently being published on the Enable IPC Blog is a series of articles about Intellectual Property and Patents. Previously published articles examined topics such as the Patent Process, Licensing, and Exclusivity. More articles on Intellectual Property and Patents are planned, as well as further articles on RFID, and a new article series discussing Nanotechnology and Small Business. Continue checking enableipc.blogspot.com/ for new blog posts.
Happy Holidays from Enable IPC
As 2011 draws to a close, it is nice to take a brief moment to reflect on what was an exciting year for Enable IPC. The Company successfully completed Phase I research of its National Science Foundation STTR Grant for its lithium-ion battery life technology and completed its application for Phase II. The Company developed and brought to market its unique S/Cap RFID TagŪ which was featured in an article by RFID Journal (found here www.rfidjournal.com/article/view/8565), a major industry trade site, and the Company recently announced new products on the way in the form of a complete line of RFID tags, Enable IPC ultracapacitors, and AAO nanopore templates.
As exciting as 2011 was, we look toward 2012 as a breakthrough year for Enable IPC and in that spirit, want to wish you all Happy Holidays and an equally exciting new year!
About Enable IPC Corporation
Enable IPC (www.enableipc.com) provides efficient, streamlined strategies for turning technologies into products and bringing them to market. The Company seeks to turn technologies into products and is a transparent, fair turnkey partner for sub-licensing and joint development with other companies.
Enable IPC Website: www.enableipc.com
Enable IPC Blog: enableipc.blogspot.com/
Enable IPC on YouTube: www.youtube.com/enableipc
Enable IPC on Twitter: www.twitter.com/enableipc
Enable IPC on Facebook: www.facebook.com/pages/Enable-IPC/140064176054394
This release may contain forward-looking statements, such as "plans," "expects," "believes" 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.
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