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Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to stockholders and interested parties regarding its quarterly financial report for the period ending September 30, 2012 discussing what the Company expects will be its third consecutive profitable quarter. The Company also provided updates on its nanoparticle solution for lithium ion battery cathodes, two new RFID-related products to be introduced in the coming months and the upcoming Energy Summit 2012.
Enable IPC Expects a Third Consecutive Profitable Quarter
As Enable IPC continues efforts to develop and commercialize its S/Cap® RFID tag product line, AAO nanopore templates, ultracapacitors and lithium ion battery cathode coating technologies, the Company expects to post its third consecutive profitable quarter, which will end September 30, 2012. Financial results are due to be announced formally on or before November 14, 2012. With continued product and technology development, the Company expects steady growth to continue.
NSF Program Update
After successfully completing a Phase I grant, Enable IPC's subsidiary SolRayo was awarded a Phase II National Science Foundation (NSF) Small Business Technology Transfer grant in order to commercialize the Company's nanoparticle solution which has been shown to enhance the performance of lithium ion batteries.
"It should be understood that, according to the NSF, only 3% of the proposals it receives during the initial cycle get funded at this level," said Dr. Mark Daugherty, SolRayo's CEO. "To me, this is not only a validation of the technology, but also of SolRayo's and Enable's proven ability to successfully commercialize products."
Enable IPC to Release Additional RFID-Based Products
The Company expects to release two additional RFID-based products near the end of the year. While details will not be announced for some time, the Company has indicated that these new products will expand the Company's reach into additional RFID-related markets.
University of Wisconsin's Advanced Materials Consortium's Annual Meeting
Enable IPC/SolRayo's Director of Battery R&D, Dr. Walter Zeltner, will be speaking at the University of Wisconsin's Advanced Materials Industrial Consortium's (UWAMIC) annual meeting on October 11th. Dr. Zeltner's lecture will be on "Energy Through Nanotechnology" and will be held on campus at the University of Wisconsin, Madison's School of Engineering. SolRayo is a member of the UWAMIC which facilitates technology transfer, information exchange and interaction between the University and the Consortium's commercial partners.
Energy Summit 2012
Enable IPC/SolRayo's David Walker will be one of four panelists discussing the topic of "Ideas to Marketplace" at the Energy Summit 2012 at the Monona Terrace in Madison, Wisconsin on October 30th. Mr. Walker was invited to discuss the process of getting innovative energy ideas to the marketplace -- from basic research to start-up businesses to established commercial entities. The discussion will center around what it takes to start and expand a company which intends to provide solutions for a more sustainable use of energy. Summit organizers consider SolRayo a perfect example of this process and have invited Mr. Walker to discuss his experiences in going from the lab to a growing company.
Since 2008, the Wisconsin Bioenergy Initiative (WBI) at the University of Wisconsin-Madison has hosted this annual Energy Summit in order to engage and connect bioenergy stakeholders, the general public and students with research and development updates. Early bird registration ($39 for the general public) ends October 19th. Additional information about the Summit can be found here:
Follow Enable IPC:
To keep up to date with Enable IPC, please follow the Company via any of the following 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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