VALENCIA, CA -- (Marketwire) -- 11/13/12 -- Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to stockholders and interested parties regarding its recently filed quarterly report detailing a third consecutive profitable quarter and a third consecutive quarter of increasing revenues. The Company also provided updates on its recent presentation at the University of Wisconsin's Energy Summit 2012 and continuing progress on its nanoparticle solution for lithium ion battery cathodes.
Enable IPC Files Report for Third Consecutive Profitable Quarter
With continuing development of Enable IPC's S/Cap RFID Tag® product line, AAO nanopore templates, ultracapacitors and lithium ion battery cathode coating technologies, Enable IPC has successfully achieved increasing revenues and posted profits in the last three consecutive quarters. On November 12th, the Company issued its quarterly financial statements detailing its progress. As development of multiple product lines continues, the Company expects to maintain steady growth.
Enable IPC CEO David Walker's UW Energy Summit Presentation Available Online
David Walker, CEO of Enable IPC, was recently invited to discuss "Ideas to Marketplace" at the University of Wisconsin-Madison's Energy Summit 2012 held in October. Mr. Walker discussed the process of bringing innovative energy ideas to the marketplace from basic research to startup businesses to established commercial entities. Mr. Walker's presentation is available on the Enable IPC website at http://www.enableipc.com/files/UW_Energy_Summit_20121030.pdf.
SolRayo's NSF Phase II First Interim Report Approved
Enable IPC subsidiary SolRayo recently filed and received approval for its first interim report on its Phase II National Science Foundation (NSF) Small Business Technology Transfer grant aimed at commercialization of its nanoparticle solution for coating lithium ion battery cathodes. The $499,998 grant was awarded earlier this year and the project officially began in April. Recently, the Company has met with other industry parties to further discuss the potential of the technology for a variety of commercial uses.
Enable IPC Information
Information, announcements and links to public filings about Enable IPC and its subsidiary, SolRayo, can be found online at the corporate websites: www.enableipc.com and www.solrayo.com. The Company advises that information found through other sources may not be accurate, and those interested in learning more about the Company should review the information provided by the Company on the corporate website and in public filings or contact the Company's investor relations personnel directly with any questions.
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About Enable IPC Corp. (Intellectual Property Commercialization)
Enable IPC (http://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.
This release may contain forward-looking statements, such as "plans," "expects," "believes" 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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