Press Release

Enable IPC Corporation Announces New Warrant Dividend for Shareholders as of May 8, 2009

Shareholders Approved Authorized Increase to Accommodate Warrant Dividend

 

VALENCIA, Calif. – May 5, 2009 – Enable IPC Corporation (Other OTC: EIPC) is pleased to announce that its Board of Directors has approved a dividend for shareholders, in the form of warrants. Each shareholder shall receive a warrant to purchase one share of common stock for every two shares of EIPC stock held as of May 8, 2009.

Enable IPC intends to distribute the warrants on or about May 20, 2009. Details, including exercise prices and expiration dates, will be announced in the next few days. In accordance with SEC rules, the common stock purchased from the exercise of the warrants will remain restricted from sale on the open market for a period of one year from the date of exercise, unless otherwise registered by the Company.

"These warrants are meant to reward our loyal shareholders who have been so supportive during the development stage of the Company," said Enable IPC CEO David Walker. "These new warrants are meant to provide our existing shareholders more opportunity to share in our future success."

In addition, the Company announced that a majority of its common shareholders have voted to increase the authorized common stock from 50 million to 100 million shares. The vote of approval by the common shareholders ensures enough shares will be available to accommodate all warrant conversions and allow the company the flexibility to continue to attract and reward high quality employees and raise additional capital as needed.

Enable IPC's Nanowire-based Microbattery and Nanoparticle-based Ultracapacitor

Enable IPC develops leading edge technologies and brings them to market. Two break-through energy technologies in the Company's portfolio include a nanowire-based microbattery and a nanoparticle-based ultracapacitor. For more detailed information on these technologies, please visit the Company's website at www.enableipc.com.

Enable IPC's Ultracapacitors Used in High Profile Renewable Energy Project

IMDEA Energia, in Madrid, Spain, received the ultracapacitor electrodes from Enable IPC in March. They are assembling those into an ultracapacitor device which will be used in a power conditioning unit for a "green" energy demonstration project sponsored by the Spanish government. If the project is successful, the Company will have a multi-million dollar opportunity in renewable energy.

Enable IPC has recently completed ultracapacitor electrode shipments to IMDEA Energia in Madrid, Spain for a renewable energy demonstration project. The electrodes 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 could have a multi-million dollar opportunity in renewable energy.

The Company's ultracapacitor technology combines nanoparticles with common carbon sheets for a low cost, easy-to-implement process that improves the performance of ultracapacitors as clean energy storage devices. The enhanced ultracapacitors are simpler, cheaper and longer lasting than conventional devices, including some batteries, but perform just as well for many applications including renewable energy.

$600 Million Ultracapacitor Market

Enable IPC's ultracapacitor technology is aimed at a market estimated to grow to over $600 million by the year 2012. While the company has been mostly focusing on the use of ultracapacitors in renewable energy, there are also huge opportunities for this technology in consumer, other industrial and transportation applications as well. For more detailed information on ultracapacitors, please visit the corporate website at: http://www.enableipc.com/ultracapacitors.htm.

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

 

 
   
     
 

© 2005-2011, Enable IPC Corporation