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To Our Fellow Shareholders
Thank you so much for your support of Enable IPC! The progress we’ve made in these past months has
been significant, and we have made some giant strides forward as we’ve executed our business plan.
Meanwhile, the markets have been less than kind to us.
Our stock price is at or near an all-time low, and while we
know of no one who thinks that is justified, it is still an
unfortunate reality.
We expect to make major advancements in the coming
weeks and months. As we take these bold steps forward,
we plan to issue these updates (and press releases as
events warrant) to keep everyone abreast of our activities.
It is our hope that, as everyone who has an interest in the Company is provided updated and timely
information, we will gain further support in the markets and be appropriately acknowledged for our
accomplishments.
The Market and Our Business Plan
The market does not seem to have recognized the progress we’ve made; our stock price hit an all-time low
recently while we’ve achieved some major milestones, including our first sales revenue and finalizing a
$250,000 grant.
At the risk of stating the obvious, the country has been going
through some very tough economic times. But if there is
one area where the economy apparently looks promising,
it’s in renewable energy.
A number of reports (a few examples are on the right) have
stated that renewable energy could help lift the economy as
a whole. In addition, the Pickens Plan (initially focusing on
wind power) and President-elect Obama’s stated goals
(e.g., independence from Middle East oil in the next 10
years) both suggest a needed emphasis on alternative
energy. Even the $700 billion “bailout” included some
clean energy tax incentives. It is reasonable to conclude
that renewable energy, and interest in the companies that
support it, will be a good place to be in the coming months
and years.
Now, with that in mind, consider this – our young company has made tremendous progress and, in these
tough times, we can look at some extremely good and promising facts, including the following:
Our ultracapacitors are poised to help solve one of the economic barriers to the use of wind turbines – the
high cost of storing energy. Our demonstration program with IMDEA in Spain is tied to the SA2VE program,
a government-sponsored program set up to find new, innovative and inexpensive ways to store energy.
We believe that, as a Company, we are in the right place, and that this is now is the right time.
IMDEA
On July 22, 2008 we announced our partnership with IMDEA to jointly develop ultracapacitors. This marks
the first commercial use of our technology.
The contract calls for us to deliver electrodes – not full ultracapacitors, just electrodes – to build a 62.5V, 12F
system. We began work on the project recently and received the first payment (half of the full contract, or
23500 Euros) last month. The delivery of the final units is scheduled for the end of February 2009.
The demonstration unit in Spain, under the SA2VE program, is expected to lead to additional contracts for
renewable energy applications, primarily enhancing and/or replacing battery banks in wind turbines.
SolRayo and the Wisconsin Energy Independence Fund
In October we announced the acquisition of SolRayo and a $250,000 grant from the State of Wisconsin's
Energy Independence Fund.
SolRayo is a Wisconsin-based LLC (thus making it eligible to receive the grant) that is made up of the very
researchers who invented the technology. These individuals, led by Kevin Leonard, had previously been
working as consultants to Enable IPC. Now, they will work for SolRayo, on our technology, and their pay
(plus equipment and materials) will be reimbursed by the state up to $250,000 over the next 18 months. In
addition, we can re-apply for continued funding next year.
This is saving Enable IPC a tremendous amount of cash.
Microbattery Update
At the Materials Science and Engineering Laboratory, which is part of the University of Idaho, researchers
have been working on Enable IPC’s patent-pending microbattery technology.
In our last update, we noted that we expected to do better than our goal of making a nanowire-based
microbattery devices operating at 3.0V and hitting our target capacity of 10 mAh in a 5 cm2 package and less
than 0.3mm thick.
Well, as we said in the last update, we achieved that goal. Today, I am happy to report that we have more
than doubled the output and are currently seeing 23 mAh from the devices!
Final packaging remains the key issue at the moment. Our team is currently concentrating their efforts on
this.
Once the package is finalized, we plan to provide some samples for a specific smartcard application we
have been targeting for some time.
More To Come . . .
Our future business outlook is bright . . . in addition to a number of things we are working on, the company
has been in contact with a player in the telecomm industry to develop a new application based, in part, on
our ultracapacitor technology. More details will be made available as the project goes forward, subject to the
client’s wish for anonymity at this stage. This is a significant opportunity and demonstrates one of many
additional applications our technology can address.
Yes, these are tough times, BUT we expect that as a result of our continued steady efforts, the Company is
poised to excel in the future, and to invoke an old saying . . . this, too, shall pass.
We expect Enable IPC and its shareholders to come out of this in great shape and excited about the future.
Another update will follow in a week or two and releases will happen as events warrant. Again, thank you for
your support!
Thank you so much for your support of Enable IPC! The progress we’ve made in these past months has
been significant, and we have made some giant strides forward as we’ve executed our business plan.
Meanwhile, the markets have been less than kind to us.
Our stock price is at or near an all-time low, and while we
know of no one who thinks that is justified, it is still an
unfortunate reality.
We expect to make major advancements in the coming
weeks and months. As we take these bold steps forward,
we plan to issue these updates (and press releases as
events warrant) to keep everyone abreast of our activities.
It is our hope that, as everyone who has an interest in the Company is provided updated and timely
information, we will gain further support in the markets and be appropriately acknowledged for our
accomplishments.
The Market and Our Business Plan
The market does not seem to have recognized the progress we’ve made; our stock price hit an all-time low
recently while we’ve achieved some major milestones, including our first sales revenue and finalizing a
$250,000 grant.
At the risk of stating the obvious, the country has been going
through some very tough economic times. But if there is
one area where the economy apparently looks promising,
it’s in renewable energy.
A number of reports (a few examples are on the right) have
stated that renewable energy could help lift the economy as
a whole. In addition, the Pickens Plan (initially focusing on
wind power) and President-elect Obama’s stated goals
(e.g., independence from Middle East oil in the next 10
years) both suggest a needed emphasis on alternative
energy. Even the $700 billion “bailout” included some
clean energy tax incentives. It is reasonable to conclude
that renewable energy, and interest in the companies that
support it, will be a good place to be in the coming months
and years.
Now, with that in mind, consider this – our young company has made tremendous progress and, in these
tough times, we can look at some extremely good and promising facts, including the following:
- We received our first contract revenues – for a renewable energy, wind turbine application – and will
report that revenue at the end of this current quarter; - We plan to bill IMDEA (our initial contract; see below) for additional work by the end of this quarter;
- We have began a program whereby the State of Wisconsin’s Energy Independence Fund (see
below) is providing $250,000 to defray our ultracapacitor costs, because they are being used in the
renewable energy sector; and - Our ultracapacitors are being aimed, initially, at applications in renewable energy – specifically, wind
turbines – which is exactly the energy area where many experts including people like T. Boone
Pickens, have said the country needs to focus.
Our ultracapacitors are poised to help solve one of the economic barriers to the use of wind turbines – the
high cost of storing energy. Our demonstration program with IMDEA in Spain is tied to the SA2VE program,
a government-sponsored program set up to find new, innovative and inexpensive ways to store energy.
We believe that, as a Company, we are in the right place, and that this is now is the right time.
IMDEA
On July 22, 2008 we announced our partnership with IMDEA to jointly develop ultracapacitors. This marks
the first commercial use of our technology.
The contract calls for us to deliver electrodes – not full ultracapacitors, just electrodes – to build a 62.5V, 12F
system. We began work on the project recently and received the first payment (half of the full contract, or
23500 Euros) last month. The delivery of the final units is scheduled for the end of February 2009.
The demonstration unit in Spain, under the SA2VE program, is expected to lead to additional contracts for
renewable energy applications, primarily enhancing and/or replacing battery banks in wind turbines.
SolRayo and the Wisconsin Energy Independence Fund
In October we announced the acquisition of SolRayo and a $250,000 grant from the State of Wisconsin's
Energy Independence Fund.
SolRayo is a Wisconsin-based LLC (thus making it eligible to receive the grant) that is made up of the very
researchers who invented the technology. These individuals, led by Kevin Leonard, had previously been
working as consultants to Enable IPC. Now, they will work for SolRayo, on our technology, and their pay
(plus equipment and materials) will be reimbursed by the state up to $250,000 over the next 18 months. In
addition, we can re-apply for continued funding next year.
This is saving Enable IPC a tremendous amount of cash.
Microbattery Update
At the Materials Science and Engineering Laboratory, which is part of the University of Idaho, researchers
have been working on Enable IPC’s patent-pending microbattery technology.
In our last update, we noted that we expected to do better than our goal of making a nanowire-based
microbattery devices operating at 3.0V and hitting our target capacity of 10 mAh in a 5 cm2 package and less
than 0.3mm thick.
Well, as we said in the last update, we achieved that goal. Today, I am happy to report that we have more
than doubled the output and are currently seeing 23 mAh from the devices!
Final packaging remains the key issue at the moment. Our team is currently concentrating their efforts on
this.
Once the package is finalized, we plan to provide some samples for a specific smartcard application we
have been targeting for some time.
More To Come . . .
Our future business outlook is bright . . . in addition to a number of things we are working on, the company
has been in contact with a player in the telecomm industry to develop a new application based, in part, on
our ultracapacitor technology. More details will be made available as the project goes forward, subject to the
client’s wish for anonymity at this stage. This is a significant opportunity and demonstrates one of many
additional applications our technology can address.
Yes, these are tough times, BUT we expect that as a result of our continued steady efforts, the Company is
poised to excel in the future, and to invoke an old saying . . . this, too, shall pass.
We expect Enable IPC and its shareholders to come out of this in great shape and excited about the future.
Another update will follow in a week or two and releases will happen as events warrant. Again, thank you for
your support!
Corporate Update December 2008
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, 2008 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-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 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-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 Corporate Update.
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