Enable IPC Corporation Issues Update Detailing Ultracapacitor Agreements and Profiling New Board Member Philip Verges
Wednesday May 9, 9:00 am ET
License Option and Joint Development Agreements Brings Enable IPC into Rapidly Growing Ultracapacitor Market; CEO of NewMarket Technology Joins Board
VALENCIA, Calif.--(BUSINESS WIRE)--Enable IPC Corporation (OTCBB: EIPC - News) today issued a Corporate Update to shareholders and interested investors.
The update discussed Enable IPC's ultracapacitor technology and explained its agreements with both SolRayo (a Wisconsin-based LLC) and the University of Wisconsin. The Company considers the ultracapacitor to be a fourth-generation technology, representing the next steps in integrating nanoparticles and inexpensive, readily-available materials into a simple manufacturing process. The resulting device has matched the performance of available commercial products during testing in the lab, but at a very low cost. It is the goal of the joint development agreement with SolRayo to have beta units available for target customers by the end of this calendar year.
In addition, the update provided a profile of Philip Verges, CEO of NewMarket Technology (OTCBB: NMKT - News), the newest Board member to join Enable IPC. Mr. Verges has successfully grown his company from $300,000 in sales the first year to over $77 million in 2006, with even more growth expected for 2007. NewMarket was ranked as the fifth fastest growing company in North America on Deloitte's 2006 Technology Fast 500. Enable IPC believes Mr. Verges' unique expertise and perspective will be of great value to the company.
The Corporate Update can be found in its entirety on the company's website: www.enableipc.com/update052007
About Enable IPC Corp. (Intellectual Property Commercialization) (www.enableipc.com)
Enable IPC Corporation is developing power devices using advances in thin films and nanotechnology. Our products include microbatteries for very low power applications (utilizing nanowires as small as 1/1000th the diameter of a human hair) and ultracapacitors for a wide range of power applications (utilizing nanoparticles on carbon). These complimentary products will be ideal for use in a variety of applications. The microbattery is targeted for use in healthcare products, RFID tags, smart cards and many other applications while the ultracapacitor is to be used in consumer electronics.
