Enable IPC Issues Update on Its New S/Cap RFID Tag, Upcoming RFID Products, and Phase II Proposal for the National Science Fo...
September 13 2011 - 10:00AM
Marketwired
Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to
shareholders on initial developments of its recently launched
rugged solar powered S/Cap RFID tag, upcoming additional versions
of the product, and completion of the Company's proposal for Phase
II funding from the National Science Foundation's STTR Grant.
Enable IPC's S/Cap RFID Tag Pilot Sales and
Distribution Negotiations Underway; Additional Versions Under
Development
Since the launch of the ruggedized S/Cap RFID tag in June of
this year, Enable IPC has made initial, pilot sales of the tag to
customers interested in testing the products within their own
operations. Additionally, Enable is working to secure distribution
agreements to broaden the sales channels for the S/Cap RFID tag.
The Company previously announced an agreement with RFCamp Ltd., for
non-exclusive rights to resell and distribute Enable IPC S/Cap RFID
tags in South Korea and the Pacific Rim. Enable is negotiating
agreements with other potential distributors and expects to make
further announcements in the coming weeks.
In addition, product development is underway on the Company's
new on-metal and livestock versions of the S/Cap RFID tag. The
on-metal version, along with the recently released S/Cap RFID Tag,
is designed to target outdoor asset tracking applications where
durable, long lasting tags with long read ranges would be ideal.
Potential applications are expected to include oil rigs,
transportation, sports, equipment tracking, aerospace, DoD
compliance (the largest user of RFID) and much more.
The RFID market is forecast by IDTechEx to reach $5.84 billion
in 2011 and livestock tracking is expected to become the largest
segment forecasted by IDTechEx to reach nearly $6.5 billion by
2017. To address this growing market Enable is beginning product
development on a livestock tracking version of the S/Cap RFID tag.
The new product should allow easier and more accurate tracking of
livestock and livestock products for more efficient recalls and
more efficient farm management.
National Science Foundation Phase II
Application Completed
SolRayo, Inc., a subsidiary of Enable IPC Corporation, recently
announced completion of Phase I of its Small Business Technology
Transfer (STTR) grant from the National Science Foundation (NSF).
Under the $150K grant, SolRayo developed a new nanoparticulate
based technology to address an issue concerning the degradation of
performance of certain lithium-ion ("Li-ion") batteries,
particularly in high temperature applications. SolRayo has recently
submitted its proposal for Phase II funding which, if approved,
will provide an additional $500,000 of funding for two years
beginning in 2012. This funding will be aimed at commercializing
the technology. The Company expects to hear the results of its
application by the end of 2011.
One reason for the rapid growth in portable electronics over the
past few decades has been the availability of rechargeable Li-ion
batteries that provide the required high gravimetric and volumetric
energy densities. One of the problems with this technology,
however, is the relatively high expense of cathode materials
compared to other types of rechargeable batteries (like nickel
cadmium and nickel metal hydride). While the Li-ion industry has
grown exponentially over the past 20 years to be valued by Frost
& Sullivan at approximately $8.4 billion in 2010, its growth
has been mitigated by its relatively high expense. It is hoped that
SolRayo's technology could allow for lower cost cathode materials
for Li-ion batteries, making Li-ion price-competitive with other
battery technologies and leading to further exponential growth for
the industry.
About Enable IPC Corp. (Intellectual Property
Commercialization) 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.
Enable IPC Website: http://www.enableipc.com Enable IPC Blog:
http://enableipc.blogspot.com/ Enable IPC on YouTube:
http://www.youtube.com/enableipc Enable IPC on Twitter:
http://www.twitter.com/enableipc Enable IPC on Facebook:
http://www.facebook.com/pages/Enable-IPC/140064176054394
Forward-Looking Statements This release
may contain forward-looking statements, such as "anticipate,"
"expects," "could" 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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Contact: Product and distribution inquiries: David Walker
(661) 347-0607 Email Contact or Daniel Finch (262) 948-1868 Email
Contact Investor Relations: Rich Kaiser (800) 631-8127 Email
Contact
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