VALENCIA, CA, Oct. 14, 2009 (Marketwire) --
VALENCIA, CA -- (Marketwire) -- 10/14/09 -- Enable IPC Corporation (PINKSHEETS: EIPC) today issued a corporate update to shareholders and interested investors, focusing on the energy storage markets for the Smart Grid and power quality applications, and opportunities in these areas, for ultracapacitors. The idea behind the "Smart Grid" is to use technology to update the power grid, delivering commercial and residential power in a more efficient manner, saving energy, reducing costs and enhancing power quality and reliability.
Enable IPC's ultracapacitor technology is aimed at a market estimated to grow to over $600 million by the year 2012. Enable recently released an ultracapacitor design that the Company is currently working on under the Wisconsin Energy Independence Fund grant. The unit will be scalable, meaning it will be able to provide anywhere from a few hundred farads to as much as 10,000 farads using the same container. This will allow Enable to use the same packaging for multiple applications. Initially, the Company is focusing this design on renewable energy uses. For more detailed information on ultracapacitors, please visit the corporate website at: http://www.enableipc.com/ultracapacitor.html.
The corporate update issued today is available on the corporate website at http://www.enableipc.com/update102009.html and has been included in its entirely below:
Enable IPC Corporate Update
Energy Storage for Smart Grid and Power Quality Applications
The hype about batteries, ultracapacitors and their use in a wide range of energy markets seems to be intensifying of late. A variety of recent articles and reports have discussed this, as did our webinar last January and third-party market research reports from companies like Frost and Sullivan, the Icon Group, iRAP and many others.
The Smart Grid is even smarter with energy storage. Power quality in the digital age is more important than ever. These, along with hybrid and electric transportation, are needed to reduce our dependence on imported oil from unstable parts of the world. All of these applications will benefit from more efficient and cost effective energy storage.
According to most reports we have seen, the most common form of energy storage for power transmission consists of banks of lead acid batteries, which are used mostly because they are the least expensive technology available today.
