Press Release

Enable IPC Announces Successful Completion of Phase I Project Funded by National Science Foundation (NSF) SBIR/STTR Program Grant

 

Valencia, CA - July 20, 2011 - Enable IPC Corporation (Pinksheets: EIPC) announced today that its subsidiary, SolRayo, has completed work on its Small Business Technology Transfer (STTR) grant from the National Science Foundation (NSF) SBIR/STTR Program. Under the $150K grant won last year, SolRayo developed a new, nanoparticle-based technology to address an issue concerning the degradation of performance of certain lithium batteries, particularly in high temperature applications.

The extremely inexpensive and relatively simple technique developed by SolRayo under the grant improved the lithium battery cycle life (i.e., the number of charges and discharges the battery can sustain) by a factor of three.

The NSF has approved SolRayo's final report, and the Company plans to submit a Phase II proposal which, if approved, will provide an additional $500,000 in funding over two years beginning in early 2012. The Phase II program will be aimed at fully commercializing the technology. STTR is a vital, US government-funded, highly competitive small business program that expands funding opportunities in the federal innovation research and development arena. The goal of the STTR program is to fully transfer the technologies and products from the laboratory to the marketplace. The business profits from the commercialization, which, in turn, stimulates the U.S. economy.

SolRayo CEO Dr. Mark Daugherty said, "Our research into this technology showed that battery life can be significantly expanded by using a simple, inexpensive nanoparticle coating process we have developed. This could mean a large market opportunity for us in a number of areas, most particularly in military, remote power and transportation applications."

Kevin Leonard, Chief Technology Officer at SolRayo, commented, "Our Phase I research shows that our process inhibits the degradation of battery cathode materials, especially at higher operating temperatures. This means that a battery's life could be extended significantly by applying an inexpensive, nano-based coating to one of the battery's key components."

"There has been some strong interest in the technology from other companies," said David Walker, Enable IPC CEO and SolRayo's Chief Operating Officer. "We have demonstrated the technology to several interested battery and battery-materials companies - ranging from a Fortune 100 company to a well-funded startup - and they have universally expressed an interest in the Phase II outcomes."

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," "expects," "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.

Contact:
Technology inquiries:
Dr. Mark Daugherty
mark.daugherty@solrayo.com
or
David Walker
dwalker@enableipc.com

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

 

 
   
     
 

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