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Posted: November 29, 2007
Enable IPC Corporation Issues Update on Activities
(Nanowerk News) Enable IPC Corporation (OTCBB: EIPC) today issued a Corporate Update to shareholders and interested investors.
The update discussed Enable IPC's activities over the past three months, including the Company's participation in the nanoTX '07 conference in Dallas, the company's presentation at the Global Equities Conference in Las Vegas and the progress made on the Company's ultracapacitor technology.
The Company considers the ultracapacitor (which addresses a market estimated to grow to over $600 million by 2012) 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 far exceeded the performance of available commercial products during testing in the lab, but at a very low cost. The Company now plans to have beta units available for target customers in early 2008.
Enable IPC also has a microbattery technology that is aimed at a market that has been independently estimated to grow to over $3 billion by 2012. The company is targeting several applications for the device including health care products, RFID tags and smart cards. The product advantages are expected to include greater power density and lower costs than competing technologies.
The Corporate Update can be found in its entirety on the company's website: www.enableipc.com/update112007
About Enable IPC Corp. (Intellectual Property Commercialization)
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 complementary 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.
This release contains forward-looking statements, such as "believes," "expected," "targeted" and similar terminology, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties which could cause actual results that the Company achieves to differ materially from any of the forward-looking statements. Such risks and uncertainties, include, but are not limited to, the following: the timely development and market acceptance of products and technologies, the ability to secure additional sources of financing, the difficulties in forecasting results from development efforts, difficulties in accurately estimating market growth, the impact of changing economic conditions, business conditions in the microbattery industry and others identified in our Annual Report on Form 10-KSB, as amended, and other Securities and Exchange Commission filings. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.