Press Release

Enable IPC Issues Update on Company's Renewable Energy Technologies Focusing on the American Recovery and Reinvestment Act and President Obama's New Energy for America Plan

 

March 19, 2009 – Valencia, CA -- Enable IPC Corporation (OTC: EIPC) today released an update detailing its activities relating to the emerging opportunities in renewable energy expansion, initially as a result of the American Recovery and Reinvestment Act. In the Act, $41.4 billion has been marked for various energy related programs at the federal, state and local levels. The company has established relationships, both in Washington and locally, to pursue these funds to accelerate the implementation of its devices in renewable energy applications.

The United States is making a major and unprecedented push toward the widespread use of renewable energy. President Obama's New Energy for America plan contains a stated goal of investing $150 billion over the next 10 years to establish renewable energy in America. The general purposes of this effort are threefold: to help mitigate climate change, to lessen the country's dependence on foreign oil and to help address the current economic crisis.

How Enable IPC Fits In

Solar and wind energy solutions are in high demand. However, sometimes there are cloudy days and sometimes the wind does not blow. Renewable energy is intermittent, and that presents problems for the energy grid itself. Some kind of economical energy storage will need to be utilized to level the load. Batteries can do it, but are expensive and degrade quickly. This is one of the roadblocks to the use of widespread renewable energy in the United States.

Enable IPC's ultracapacitor technology is an advanced and economical way to address that problem. The company's proprietary technology can lower the cost of ultracapacitors and provide a more reliable way to store the energy and stabilize the grid. Enable IPC's technology is less expensive than batteries and can be recharged hundreds of times more than batteries. Technical details on these issues and the Company's solutions can be found here: http://www.solrayo.com/SolRayo/Ultracapacitor/Entries/2009/2/2_Ultracapacitors_for_Renewable_Energy_Storage.html.

Renewable Energy Opportunities

While a lot of the details are still being worked out, the Act specifies that a significant amount of money will be spent to boost the implementation of renewable energy in the United States.

Enable IPC has a solution for renewable energy roadblocks that the Company believes are technically viable and economical; the state of Wisconsin apparently agrees, as evidenced by the $250,000 grant awarded the Company last October. Additional funding should help Enable IPC standardize and make this technology available for wind and solar applications across the country. Enable IPC is working with people familiar with these programs to pursue some of these opportunities. Some examples of the funding opportunities include:

  • $2.8 billion for the US Department of Energy, Energy Efficiency and Renewable Energy Research -- for research, development and demonstrations of renewable energy technologies for industrial and commercial applications, including energy storage to increase the effectiveness of renewable energy projects. These projects are being funded at the federal, state, and local levels.
  • $2.5 billion for the National Science Foundation to provide funding for research related to improvements in energy efficiency and storage including research on renewable energy and on the storage of energy for use on military installations.
  • $400 million for the US Department of Energy's expansion of its Advanced Research Projects Agency to support high risk and high payoff research and to accelerate innovation for traditional and alternative energy sources.
  • The US DOE State Energy Program will be providing increased funding to States for emerging renewable energy technologies. The state of Wisconsin has already led the way in the effort to develop new high performance and cost effective energy storage for renewable energy, granting $250,000 to Enable IPC's SolRayo subsidiary last October to help develop its ultracapacitor technology for renewable energy applications. The Company is working with state and local leaders to pursue these opportunities.

Battery Funding Opportunities

In the lab, Enable IPC has seen its battery technology provide greater power by enhancing the surface area of the electrodes. While the Company's team has been focusing efforts on low power applications, there are opportunities to further develop this technology in larger scale uses.

  • $2 billion in loans and grants for advanced battery manufacturing will be made available through the Department of Energy on a competitive basis. This funding will include advanced lithium-ion batteries, which is the primary chemistry of Enable IPC's devices.
  • An additional $400 million in funding will be available for higher risk efforts, which should apply to Enable IPC's technology. The idea of this particular funding will be to accelerate innovation for various energy sources.

Summary

Enable IPC's technologies address many of the issues the New Energy plan overall is designed to fund. Enable IPC anticipates being a major part of this recovery effort. These opportunities, and the mechanisms for administering them, are still being put into place. Most of the detailed program information and application materials are not yet available. These opportunities will be competitive and there will be a number of companies vying for funding.

Still, the opportunities are unprecedented and Enable IPC is extremely excited about these programs. The amount of funding available is tremendous, and the company expects the New Energy plan and the correlating government programs will greatly benefit the ultracapacitor and alternative energy industries and spur innovation across the US economy.

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.

Forward-Looking Statements

This release may contain forward-looking statements, such as "anticipate," "likely," "could" 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.

Contacts:

Product Inquiries:
Kevin Leonard
(608) 244-2799
kevin.leonard@solrayo.com

Investor Relations:
Rich Kaiser
(800) 631-8127
ir@enableipc.com

 

 
   
     
 

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