SOURCE: Enable Intellectual Property Commercialization

Enable  Intellectual Property Commercialization

October 14, 2009 08:00 ET

Enable IPC Discusses Smart Grid and Ultracapacitor Opportunities in the Energy Storage Market in Corporate Update

VALENCIA, CA--(Marketwire - October 14, 2009) - Enable IPC Corporation (PINKSHEETS: EIPC) today issued a corporate update to shareholders and interested investors, focusing on the energy storage markets for the Smart Grid and power quality applications, and opportunities in these areas, for ultracapacitors. The idea behind the "Smart Grid" is to use technology to update the power grid, delivering commercial and residential power in a more efficient manner, saving energy, reducing costs and enhancing power quality and reliability.

Enable IPC's ultracapacitor technology is aimed at a market estimated to grow to over $600 million by the year 2012. Enable recently released an ultracapacitor design that the Company is currently working on under the Wisconsin Energy Independence Fund grant. The unit will be scalable, meaning it will be able to provide anywhere from a few hundred farads to as much as 10,000 farads using the same container. This will allow Enable to use the same packaging for multiple applications. Initially, the Company is focusing this design on renewable energy uses. For more detailed information on ultracapacitors, please visit the corporate website at: http://www.enableipc.com/ultracapacitor.html.

The corporate update issued today is available on the corporate website at http://www.enableipc.com/update102009.html and has been included in its entirely below:

Enable IPC Corporate Update

Energy Storage for Smart Grid and Power Quality Applications

The hype about batteries, ultracapacitors and their use in a wide range of energy markets seems to be intensifying of late. A variety of recent articles and reports have discussed this, as did our webinar last January and third-party market research reports from companies like Frost and Sullivan, the Icon Group, iRAP and many others.

The Smart Grid is even smarter with energy storage. Power quality in the digital age is more important than ever. These, along with hybrid and electric transportation, are needed to reduce our dependence on imported oil from unstable parts of the world. All of these applications will benefit from more efficient and cost effective energy storage.

According to most reports we have seen, the most common form of energy storage for power transmission consists of banks of lead acid batteries, which are used mostly because they are the least expensive technology available today. Other technologies in use and on the horizon include vanadium reflux flow batteries, sodium sulfur batteries, large lithium ion batteries, flywheels, pumped hydro, compressed air and ultracapacitors.

Each have their advantages and disadvantages, but the bottom line is that the lion's share of the grid energy storage market will go to the technologies that are the most efficient and have the lowest total capital costs and highest reliability.

Enable IPC and SolRayo are betting that our improved ultracapacitor technology will be prominently in the mix, especially in high value applications that demand high power for relatively short periods of time. This is an area where ultracapacitors can really shine.

Ultracapacitors offer many advantageous attributes including: rapid response time, low maintenance, operating lifetimes in excess of one million cycles, broad operating temperature range (-40 degrees C to 60 degrees C), high cycle efficiency (well in excess of 90%), environmentally friendly construction, and up to ten times the power density of batteries.

However, there are two main factors preventing large-scale transformational use of ultracapacitors: cost and energy storage density.

We expect our technology to significantly improve the energy storage density of ultracapacitors as well as reduce the overall production costs by using custom nano-engineered surface finishes to improve performance while lowering production costs. This should make ultracapacitors feasible in a wide variety of advanced energy storage applications.

The Opportunity: Description of the Opportunity, Size of the Market and Needs

In the past couple years or so, we have found several third-party market research reports that have published figures on the total, global market for ultracapacitors that range from as low as $113 million to as high as $2 billion in 2008. The one constant among the reports, however, is the anticipated growth rate of the industry as improvements make the devices more attractive for additional applications.

The average annual growth rate (AAGR) for ultracapacitors, based on these reports, will be between 15% and 20% annually for the next five years or so. Some reports expect an AAGR as high as 30%

One of the areas in which growth is expected is in renewable energy storage. Market research reports seem to vary significantly, however, one recent report suggested that the market for batteries and ultracapacitors, specifically addressing grid storage applications, could reach $8.3 billion by 2016.

The key to market acceptance for ultracapacitors is in improving the energy storage and lowering the costs -- both of which can be done using our technology.

Where We Need To Get To and How We Will Get There

We have already seen significant improvements in our technology, and we are continuing to work with the design and initial prototypes to reach our stated goals. In about three months (January 2010), a final prototype unit is scheduled to be available as a result of the funding we received from the Wisconsin Energy Independence Fund (WEIF). This unit will demonstrate the feasibility of our technology and design.

In addition, we either have submitted, or are in the process of submitting, proposals amounting to just under $11 million to a number of opportunities, most of which are directly related to various ways of improving ultracapacitor performance while lowering the cost.

Summary

We believe the dramatic improvement in energy storage and costs will make ultracapacitors cost competitive in, and open the door to their use across, a wide array of energy storage applications. While each application will require a specific cost analysis, we believe many applications will be dramatically transformed by these improvements.

About Enable IPC Corp. (Intellectual Property Commercialization)

Enable IPC provides efficient, streamlined strategies for turning technologies into products and bringing them to market. Though not limited to nanotechnology or the energy industries, Enable IPC's growing portfolio currently includes the exclusive rights to two break-through energy technologies. 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 "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.

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