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Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to shareholders and interested parties regarding its first profitable quarter and its patent pending S/Cap RFID Tag. The company has secured an agreement to begin selling its S/Cap RFID TagŪ in China, the world's second largest RFID Tag market, and plans to launch a new on-metal version of the S/Cap RFID TagŪ within the next two weeks.
First Profitable Quarter
March 31st is the fiscal year end for Enable IPC, and the final quarter of this fiscal year has been the best in the company's short history. The company has successfully secured revenues sufficient to make this the company's first profitable quarter.
"The company's revenues have increased substantially, quarter-to-quarter, beginning with the S/Cap RFID TagŪ product announcement in June 2011," stated CEO David Walker. "As the company continues its efforts to commercialize new products including RFID tags, AAO nanopore templates, ultracapacitors and lithium-ion battery cathode coating materials, we anticipate revenues to continue to grow through the next fiscal year and beyond. We are pleased with the current pace of revenue and product development and expect these exciting times for Enable IPC to continue."
S/Cap RFID TagŪ Developments
Enable IPC previously announced completion of design and testing of a new on-metal version of the S/Cap RFID TagŪ and today announced that manufacturing is underway and the new on-metal version of the S/Cap RFID TagŪ is expected to be available within the next two weeks.
In addition the company has secured an agreement with a commercialization and marketing company with strong ties to China to begin sales of S/Cap RFID TagŪ products in that country, the world's second largest market for RFID tags. This group, with offices in Shanghai and Los Angeles, brings decades of experience working in this product area, and utilizing an existing network, is expected to help secure a foothold for S/Cap RFID TagŪ products in the Chinese market.
Enable IPC also announced today that it has completed its initial patent application and that the S/Cap RFID TagŪ is now officially "patent pending." The company expects to file additional patent applications in the near future. The S/Cap RFID TagŪ is unique to the RFID tag market in that it utilizes an ultracapacitor for its power source. The ultracapacitor provides the tag with many of the benefits of a battery-assisted passive tag while negating most of the problems of short battery life. Ultracapacitors can exceed as much as 1000 times the cycle life of a battery meaning the useful life of an S/Cap RFID TagŪ can be significantly longer than that of active or battery-assisted passive RFID Tags powered with common battery chemistries.
Update on National Science Foundation Phase II Grant for $500,000
Previously, Enable IPC announced that its subsidiary Solrayo, Inc. had successfully completed Phase I of its National Science Foundation STTR (Small Business Technology Transfer) grant and also submitted its application for Phase II funding. The NSF has yet to announce its decision for Phase II, which would fund two years of technological development towards the commercialization of a lithium-ion battery boosting technology. Lithium-ion batteries experience performance degradation after repeated cycles, particularly in high temperature applications. The new technology is an inexpensive nanoparticle based coating that is applied to critical components of the battery and protects the battery from degradation, significantly extending lithium-ion battery life. NSF Phase II grant funding is aimed at fully commercializing technologies.
Enable IPC Blog
The company has received positive responses and support for its series of Blog articles on Intellectual Property and Entrepreneurship and would like to thank those that have taken the time to express appreciation for the articles. Please continue to check the blog as we explore new topics in Small Business, Entrepreneurship, RFID and Nanotechnology in the future. The Enable IPC Blog can be found at enableipc.blogspot.com.
Enable IPC can be found on the following social media sites:
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
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.
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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