Enable IPC (CE) (USOTC:EIPC)
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From Oct 2019 to Oct 2024
Celebrating a successful year highlighted by reaching a major milestone
with the first commercial use of its breakthrough ultracapacitor
nanotechnology, Enable IPC Corp.
(OTCBB: EIPC), a leading company that turns technologies into products
and successfully brings them to market, announced that it has concluded
its annual stockholders meeting.
The ultracapacitor partnership marked a major validation of Enable IPC’s
ultracapacitor technology, as the company partnered with the Madrid,
Spain-based IMDEA
Energy Institute to jointly develop ultracapacitors based on Enable
IPC’s patent-pending energy technology. The
initial project, for which Enable IPC will receive $69,000, consisted of
incorporating the company’s ultracapacitor
technology into the SA2VE
clean energy innovation program. The SA2VE program is a strategic
national research and development initiative spearheaded by the Spanish
government, focusing on enhanced electricity storage for applications in
renewable energy integration, transport sectors and households.
“We are excited by the relationship with IMDEA
Energy because this initial project to use our ultracapacitor technology
could easily be the first of many projects with them and the Spanish
Government,” said David Walker, CEO, Enable
IPC Corp. “There are many great uses for our
ultracapacitor and microbattery technologies, from consumer electronics
to military applications. Having IMDEA use the ultracapacitors for a
clean energy commercial initiative opens up several new opportunities
for Enable IPC both in the U.S. and internationally.”
Delivering a keynote presentation to the stockholders, Kevin Leonard,
co-inventor of the ultracapacitor technology, detailed upcoming
expansions for the technology, including potential partnerships with the
U.S. Government and additional commercial applications.
Dr. Sung Choi spoke about the progress he and his team had made in the
development of the company’s microbattery
technology. Dr. Choi reported that the initial customers’
specifications had been met in the lab, and that the company is now
close to finalizing the product.
The meeting also included Timothy Lambirth and Philip Verges, CEO,
NewMarket Technologies (OTCBB: NMKT), both being re-elected as Board
members for three-year terms. The accounting firm of L.L. Bradford & Co.
was also ratified as the company’s auditors
for the coming fiscal year.
About Enable IPC
Enable IPC (OTCBB: EIPC) 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. For more
information, please visit www.enableipc.com.
Forward-Looking Statements
This release contains forward-looking statements, such as "believes",
"expected", “targeted”
and similar terminology, which are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve risks and uncertainties which
could cause actual results that the Company achieves to differ
materially from any of the forward-looking statements. Such risks and
uncertainties, include, but are not limited to, the following: the
timely development and market acceptance of products and technologies,
the ability to secure additional sources of financing, the difficulties
in forecasting results from development efforts, difficulties in
accurately estimating market growth, the impact of changing economic
conditions, business conditions in the microbattery industry and others
identified in our Annual Report on Form 10-KSB, as amended, and other
Securities and Exchange Commission filings. The company undertakes no
obligations to revise or update any forward-looking statements in order
to reflect events or circumstances that may arise after the date of this
release.