Enable IPC Ships First Ultracapacitor Electrodes to IMDEA Energia for Green Power Project as Part of Initial Contract

Posted on: Wed, 18 Mar 2009 09:01:00 EDT


Symbols: EIPC
VALENCIA, CA, Mar 18, 2009 (MARKET WIRE via COMTEX) --
EIPC | Quote | Chart | News | PowerRating -- Enable IPC Corporation (OTCBB: EIPC | Quote | Chart | News | PowerRating) today announced that it has
made its first shipment of ultracapacitor electrodes to IMDEA Energia
in Madrid, Spain this week. The shipment was made from the company's
SolRayo facility in Madison, Wisconsin. Additional electrodes will
be sent over the next few days to complete the first contract.

This first contract, valued at EUR 47,000 (about $60,000, depending
on the exchange rate), requires Enable to deliver ultracapacitor
electrodes, which will be incorporated into a power conditioning unit
by IMDEA and Green Power, a Spain-based renewable energy
manufacturer, for a demonstration as part of the SA2VE project -- a
Spanish government-sponsored program focused on new energy solutions,
particularly relating to "green" power.

If the project is successful, the company will have a
multi-million-dollar opportunity in renewable energy.

"This is a high profile demonstration that we expect will lead to
additional contracts for the use of our devices in renewable energy
systems throughout the world," said Dr. Mark Daugherty, Chief
Technology Officer of Enable IPC and President of SolRayo.

The demonstration is meant, in part, to illustrate that
ultracapacitors should be used in renewable energy applications.

"Solar and wind technologies are wonderful," said SolRayo CTO Kevin
Leonard. "But sometimes, the sun doesn't shine and the wind doesn't
blow. Ultracapacitors can be used to level out the load."

Ultracapacitors have not been used in these applications before
because they have been too expensive. Enable IPC's technology lowers
the cost of the devices and helps make them economically viable for
renewable energy.

About Enable IPC Corporation

Enable IPC provides efficient, streamlined strategies for turning
technologies into products and bringing them to market. Enable IPC's
growing portfolio currently includes the exclusive rights to two
break-through energy technologies: a nanoparticle-based
ultracapacitor and a nanowire-based microbattery. These technologies
address a combined market estimated to grow to over $3 billion by
2012. For more information, please visit http://www.enableipc.com.

Forward-Looking Statements

This release may contain forward-looking statements, such as
"believes," "should," "targeted" 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


SOURCE: Enable Intellecutal Property Commercialization

mailto:ir@enableipc.com

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