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To Our Fellow Shareholders
Thank you so much for your support of Enable IPC!
As we mentioned in our last update, the markets have been less than kind to us. We are not alone, of
course, and it continues to be our hope that, as we get the word out about the Company, we will gain further
support in the markets and be appropriately acknowledged for our accomplishments.
In the meantime, we have filed a Form 15, which means that we will no longer be a ‘reporting” company;
this will save us a tremendous amount of time and money and allow us to focus on the core business of the
Company.
We’ve also made some progress in our IMDEA project and are poised to take advantage of a ripening
ultracapacitor market boom.
About the Form 15 . . .
We did not make the decision to suspend our reporting obligations lightly. In fact, we spent over two months
analyzing the pros and cons of making such a move and consulted several investment bankers, investor
relations, and business professionals specializing in small and mid cap markets.
Among those we consulted, the consensus was obvious and nearly unanimous. Given the turmoil in the
markets today, the costs of compliance in terms of cash and time, the inflexible and onerous regulations
reporting companies face when trying to raise capital and the fact that the pink sheets are no longer the
haven for scams that they used to be, the move made perfect sense.
We are no alone in making this decision – many companies have made this move for similar reasons.
With all that being said there are a number of questions that we anticipate you might have.
How can I buy and sell shares?
The same way as always; we expect that the stock symbol will be the same, although some quotation sites
will list it as “EIPC.PK” instead of “EIPC.OB”. Others will continue to identify it as simply “EIPC”.
Are you “going dark”?
WE ARE NOT GOING DARK – we plan to continue to file reports on a regular basis, issue press releases as
events warrant, etc. In fact, the only things we are eliminating will be the third party auditing function of our
financials (although company management will still certify that the reports are correct), the legal fess and
time associated with preparing and filing 10-Q, 10-K and other SEC-mandated reports, EDGARizing fees
and other disclosures.
By taking this action, we will save a significant amount of time and money we would otherwise have to pay to
attorneys, auditors, EDGARizers and others while ensuring the same level of information will be available to
investors.
What are the “pink sheets”?
Like the OTCBB, the pink sheets are an “electronic quotation medium.” While the pinks have had a
reputation for being a haven for some risky investments, they are certainly not what they used to be.
The pink sheets now utilize several tiers to identify and separate the legitimate companies from those that
might be suspect. These tiers are Trusted, Transparent, Distressed, Dark/Defunct and Toxic. We expect to
trade as a “Transparent” company, given that we are current in our reports with the SEC and will apply to
continue reporting regularly with the pink sheets’ OTC Disclosure and News Service.
Update on Ultracapacitors
A Growing Market . . .
As you are no doubt aware, the worldwide ultracapacitor market is significant and growing fast.
Depending on the report one reads, the worldwide estimated ultracapacitor market revenues for 2008 were
in the hundreds of millions(1) or billions(2) of dollars .
Analysts seem to agree, though, that the new markets opening up for ultracapacitors – largely brought about
by improvements like those our technology provides – should double revenues by 2012.
Given our focus on renewable energy – an area where Barak Obama has already said he wants to invest
$150 billion over the next ten years(3) -- and given the need for environmentally friendly solutions to our
energy problems in transportation and industrial applications, we think we’re in the right place at the perfect
time.
IMDEA
We are closing in on the completion of our initial contract with IMDEA. The schedule calls for us to deliver
electrodes to assemble a 62.5V, 12F ultracapacitor at the end of February. We have been examining the
number of candidate materials for this project and are close to selecting the most appropriate material.
This project could open the door to renewable energy applications, initially in Europe, and then throughout
the rest of the world.
Wisconsin Energy Independence Fund
We’re also begun work with the Wisconsin energy independence fund. This is a $250,000 grant that was
awarded to us in late 2008. The grant is paying for development costs that we otherwise would have had to
absorb ourselves. In addition, it’s providing us the opportunity to focus on the renewable energy sector and
help establish this industry in the state of Wisconsin.
More to Come . . .
The microbattery project continues to move along at the University of Idaho and we are continuing to look at
other applications, including the telecom industry, smart cards and some other interesting possibilities.
In the next couple of days we expect to announce our participation in a webinar on the use of ultracapacitors
in renewable energy. Dr. Mark Daugherty and Kevin Leonard have been asked to be the instructors for this
event which is being hosted by EUCI.
Also, we’ve been asked to present at the Advanced Capacitor World Summit 2009 in LaJolla, California in
the spring. Details on this will be forthcoming.
There are a lot of exciting things happening at the company. Again, thank you for your support!
Thank you so much for your support of Enable IPC!
As we mentioned in our last update, the markets have been less than kind to us. We are not alone, of
course, and it continues to be our hope that, as we get the word out about the Company, we will gain further
support in the markets and be appropriately acknowledged for our accomplishments.
In the meantime, we have filed a Form 15, which means that we will no longer be a ‘reporting” company;
this will save us a tremendous amount of time and money and allow us to focus on the core business of the
Company.
We’ve also made some progress in our IMDEA project and are poised to take advantage of a ripening
ultracapacitor market boom.
About the Form 15 . . .
We did not make the decision to suspend our reporting obligations lightly. In fact, we spent over two months
analyzing the pros and cons of making such a move and consulted several investment bankers, investor
relations, and business professionals specializing in small and mid cap markets.
Among those we consulted, the consensus was obvious and nearly unanimous. Given the turmoil in the
markets today, the costs of compliance in terms of cash and time, the inflexible and onerous regulations
reporting companies face when trying to raise capital and the fact that the pink sheets are no longer the
haven for scams that they used to be, the move made perfect sense.
We are no alone in making this decision – many companies have made this move for similar reasons.
With all that being said there are a number of questions that we anticipate you might have.
How can I buy and sell shares?
The same way as always; we expect that the stock symbol will be the same, although some quotation sites
will list it as “EIPC.PK” instead of “EIPC.OB”. Others will continue to identify it as simply “EIPC”.
Are you “going dark”?
WE ARE NOT GOING DARK – we plan to continue to file reports on a regular basis, issue press releases as
events warrant, etc. In fact, the only things we are eliminating will be the third party auditing function of our
financials (although company management will still certify that the reports are correct), the legal fess and
time associated with preparing and filing 10-Q, 10-K and other SEC-mandated reports, EDGARizing fees
and other disclosures.
By taking this action, we will save a significant amount of time and money we would otherwise have to pay to
attorneys, auditors, EDGARizers and others while ensuring the same level of information will be available to
investors.
What are the “pink sheets”?
Like the OTCBB, the pink sheets are an “electronic quotation medium.” While the pinks have had a
reputation for being a haven for some risky investments, they are certainly not what they used to be.
The pink sheets now utilize several tiers to identify and separate the legitimate companies from those that
might be suspect. These tiers are Trusted, Transparent, Distressed, Dark/Defunct and Toxic. We expect to
trade as a “Transparent” company, given that we are current in our reports with the SEC and will apply to
continue reporting regularly with the pink sheets’ OTC Disclosure and News Service.
Update on Ultracapacitors
A Growing Market . . .
As you are no doubt aware, the worldwide ultracapacitor market is significant and growing fast.
Depending on the report one reads, the worldwide estimated ultracapacitor market revenues for 2008 were
in the hundreds of millions(1) or billions(2) of dollars .
Analysts seem to agree, though, that the new markets opening up for ultracapacitors – largely brought about
by improvements like those our technology provides – should double revenues by 2012.
Given our focus on renewable energy – an area where Barak Obama has already said he wants to invest
$150 billion over the next ten years(3) -- and given the need for environmentally friendly solutions to our
energy problems in transportation and industrial applications, we think we’re in the right place at the perfect
time.
IMDEA
We are closing in on the completion of our initial contract with IMDEA. The schedule calls for us to deliver
electrodes to assemble a 62.5V, 12F ultracapacitor at the end of February. We have been examining the
number of candidate materials for this project and are close to selecting the most appropriate material.
This project could open the door to renewable energy applications, initially in Europe, and then throughout
the rest of the world.
Wisconsin Energy Independence Fund
We’re also begun work with the Wisconsin energy independence fund. This is a $250,000 grant that was
awarded to us in late 2008. The grant is paying for development costs that we otherwise would have had to
absorb ourselves. In addition, it’s providing us the opportunity to focus on the renewable energy sector and
help establish this industry in the state of Wisconsin.
More to Come . . .
The microbattery project continues to move along at the University of Idaho and we are continuing to look at
other applications, including the telecom industry, smart cards and some other interesting possibilities.
In the next couple of days we expect to announce our participation in a webinar on the use of ultracapacitors
in renewable energy. Dr. Mark Daugherty and Kevin Leonard have been asked to be the instructors for this
event which is being hosted by EUCI.
Also, we’ve been asked to present at the Advanced Capacitor World Summit 2009 in LaJolla, California in
the spring. Details on this will be forthcoming.
There are a lot of exciting things happening at the company. Again, thank you for your support!
Corporate Update January 2009
To contact us:
29033 Avenue Sherman, Suite 202
Valencia, CA 91355
T: (661) 775-9273
F: (661) 775-9274
Email: info@enableipc.com
29033 Avenue Sherman, Suite 202
Valencia, CA 91355
T: (661) 775-9273
F: (661) 775-9274
Email: info@enableipc.com
| All material on this website is copyright, 2009 Enable IPC Corporation. All rights reserved. |
| OTCBB: EIPC Corporate Blog |
Forward-Looking Statements:
This Corporate Update contains forward-looking statements, such as "expect", "plan", "believe" 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-K, 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 Corporate Update.
This Corporate Update contains forward-looking statements, such as "expect", "plan", "believe" 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-K, 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 Corporate Update.
(1) World Ultracapacitor Markets, Frost & Sullivan, 2006 and Ultracapacitors: A Global Industry Market Analysuis, iRap, Aug
2006
(2) http://findarticles.com/p/articles/mi_m0EIN/is_/ai_n27072403
(3) http://my.barackobama.com/page/content/newenergy
2006
(2) http://findarticles.com/p/articles/mi_m0EIN/is_/ai_n27072403
(3) http://my.barackobama.com/page/content/newenergy