Contact Information: Investor relations: Rich Kaiser (800) 631-8127 ir@enableipc.com
Enable IPC Corporation Announces New Warrant Dividend for Shareholders as of May 8, 2009
Shareholders Approved Authorized Increase to Accommodate Warrant Dividend
VALENCIA, CA--(Marketwire - May 5, 2009) - Enable IPC Corporation (PINKSHEETS : 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
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/ultracapacitor.html.
About Enable IPC Corporation
Enable IPC provides efficient, streamlined strategies for turning
technologies into products and bringing them to market. Enable IPC's
growing portfolio currently includes the exclusive rights to two
break-through energy technologies: a nanoparticle-based ultracapacitor and
a nanowire-based microbattery. For more information, please visit
http://www.enableipc.com.
Forward-Looking Statements
This release may contain forward-looking statements, such as "estimated,"
"could," "should" 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.