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Enable IPC Update to Shareholders: SolRayo Potentiostat Targets Up to 10,000 Potential Customers
(Market Wire Via Acquire Media NewsEdge) VALENCIA, CA -- (MARKET WIRE) -- 01/27/10 --
Enable IPC Corporation (PINKSHEETS: EIPC)
today issued an update to shareholders and interested parties focusing on
the new potentiostat product line and the ultracapacitor prototype
scheduled to be completed next month. The update, which is included
below, discusses the potentiostat, its features, initial sales and
potential customers.
Enable IPC Shareholder Update
Potentiostat News
About the Enable IPC/SolRayo Potentiostat
This month marks the introduction of Enable IPC/SolRayo's potentiostat, the
SolRayo Electrochemical Test System (ETS). The SolRayo ETS is an
instrument that applies or draws a current or voltage to a test cell and
measures its response. A primary application of potentiostats is to
determine the energy storage, power rating and internal resistance of
devices like batteries, capacitors, and fuel cells.
Last week, Enable IPC announced the initial sale of a SolRayo ETS system to
a research institution. The sale was valued at more than $45,000.
SolRayo's ETS systems range in price from roughly $10,000 for a basic unit
to approximately $90,000 for the top of the line model.
A Better System
SolRayo looked to industry professionals, namely electrochemical research
engineers, to gather feedback on what they considered the most important
features in a potentiostat system.
Based on that feedback, our systems are built with the following features
and benefits:
-- Ready for use "out of the box" making it suitable for a wide spectrum
of users from novice to advanced
-- Intuitive, easy to use software interface, saving as much as $10,000
annually in set up and runtime costs
-- Reduced training from weeks to one-half hour or less
-- Simultaneous and independent experimentation, significantly improving
test throughput
-- Low and high current experimentation, making a single system adaptable to
a wider range of applications
-- Great flexibility for advanced users to design experiments, empowering
research innovation
10,000 Potential Customers
Potentiostat systems are essential in energy storage device research,
characterization and other applications. To date, Enable IPC's initial
market research, which is far from complete, has identified approximately
6,700 potential customers, consisting mostly of engineering schools,
universities and research institutions, as well as battery, capacitor and
solar cell manufacturers. The Company expects that the number will grow to
as many as 10,000 potential customers globally and continue to increase as
demand for potentiostat systems grows.
Ultracapacitor News
Prototype from WEIF Grant
Our grant activity from the Wisconsin Energy Independence Fund (WEIF) will
wrap up next month. In February, we are scheduled to complete a 3,000
Farad prototype unit and deliver a final report. The grant has made design
and creation of the prototype possible and enabled us to set up a facility
in Madison, Wisconsin where we have been able to:
-- Synthesize nanoparticles
-- Create and manufacture our own custom electrodes
-- Assemble test cells and prototypes
-- Conduct electrochemical characterization and
-- Further our R&D investigation of different carbons, coatings,
manufacturing methods, etc.
Our next steps will consist of discussions and demonstrations with
potential end users of our products for renewable energy storage
applications and ultracapacitor companies with the idea of improving their
own technologies.
Tremendous Growth in the Renewable Energy Storage Market
The market for grid energy storage is projected to grow to $1.2 billion by
2012 and as much as $8.3 billion by 2015, according to a third party market
research report released last year.
The reason for this tremendous growth is simple: wind and solar power is
not constant (i.e., the sun doesn't always shine and the wind doesn't
always blow), so before they can be integrated in any large numbers into
the grid, they need some form of economic energy storage. The market for
these storage technologies is expected to grow in parallel with the
inclusion of these "green" power sources.
There are a number of technologies vying for a place in this emerging
market. Ultracapacitors are ideal for areas like handling brief power
interruptions, which have been reported to cost commercial organizations
upwards of $200 billion annually. Enable IPC/SolRayo is targeting this
market segment with its ultracapacitor technology.
The Company is very optimistic about this space and expects to continue
making strides in 2010.
About SolRayo, Inc.
SolRayo, Inc. is a Madison, Wisconsin-based company set up to commercialize
an ultracapacitor technology licensed from the University of Wisconsin. In
addition, the Company will begin selling its potentiostat/galvanostat
equipment lines in January 2010. SolRayo is a subsidiary of Enable IPC
Corporation.
www.solrayo.com
About Enable IPC Corp. (Intellectual Property Commercialization)
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.
www.enableipc.com
Forward-Looking Statements
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.
Investor relations:
Rich Kaiser
(800) 631-8127
ir@enableipc.com
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