-- These are two very ripe and very large markets;
-- These two technologies address specific needs in their respective
markets today and both represent relatively quick paths to revenues;
-- These technologies required significantly less (relatively speaking)
resources to get to marketability; and
-- The IP on both is well-protected and we were able to get exclusivity.
Below we have included a time line for each technology; where we've been
and where we are going.
Mircobattery status and potential
Progress to date
Summer 2004 - negotiated acquisition of microbattery nanowire technology
through a partnership with Dr. Choi
March 2005 - established Enable IPC
March 2005 - filed patent application for microbattery
Summer 2005 - began work at UCLA's Nanoelectronics Research Facility
Summer 2005 - established informal relationship with a smart card
manufacturer; established initial and advanced performance, dimensional and
financial targets for microbattery
Market for this end use from this manufacturer:
-- Beta test units: approx. $1.5 to $2 million
-- Production units: approx. $37 million annually from this mfr alone
Late 2006 - successfully integrated "solid" and "semisolid" electrolyte
between nanowire poles; an important step in making the battery work
Mid 2007 - perfecting the process for incorporating nanowire battery on a
flexible substrate and ensuring material purity
September 2007 - moved work to the University of Idaho, where Dr. Choi
accepted an associate professorship, established a new lab and oversees
clean room facilities
Early 2008 - Successfully achieved 10mAh 3V battery with dimensions approx
25mm (l) x 25mm (w) x 0.3mm (t), which met the initial smart card
specification
Mid 2008 - Successfully hit 18mAh through a proprietary deposition that
thickened Li cathode
Late 2008 - Successfully, and consistently, created 23mAh devices in the
lab, which meets the advanced specifications
Today
Working on packaging of device
Future
-- Packaged alpha units for testing (about Spring 2009)
-- Beta testing (up to 4 million additional units; revenues of $1.5 to $2
million)
-- In production, estimated revenue from batteries for this specific
application are estimated at approx. $37 million / year (i.e., approx. 150
M units per year at approx. $0.25 per unit)
Ultracapacitor status and potential
Progress to date
Late 2006 - introduced to the ultracapacitor technology invented at the
University of Wisconsin (UW)
Early 2007 - entered into an agreement with UW for examination and research
to determine viability of ultracapacitor as a technology and product
April 2007 - recognizing that the ultracapacitor technology was close to
commercial maturity and addressed a very large market need, we entered into
a JV with SolRayo (the experts in the technology) to develop commercial
products based on the intellectual property
November / December 2007 - acquired exclusive rights to technology from UW
April 2008 - completed cycle testing; our technology improves cycle life by
~60%; which means they will last longer than competing devices and save the
end users more money
July 2008 - announced a partnership with IMDEA (an energy-research
organization based in Spain) to develop ultracapacitors in renewable energy
applications, particularly wind turbines in Europe and throughout the
world. This partnership included our first contract
-- Initial contract: 47,000 Euros (about $60,000, more or less depending
on the exchange rate) to provide ultracapacitor electrodes; these will be
assembled by IMDEA into full ultracapacitors which will be incorporated
into power conditioning unit by Green Power (a Spain-based renewable energy
mfr) for demo in SA2VE project -- a Spanish-government sponsored program
focused on new energy storage solutions; particularly relating to "green"
power.
-- The demo will be seen by a number of the leading renewable energy
companies in Europe and throughout the world. If the participating
companies like our technology, additional contracts should follow and
include the use of our devices in wind turbines all over the world.
-- The value of this opportunity could be in the tens of millions of
dollars.
Oct 2008 - EIPC acquires SolRayo; this allows us to control and manage
commercial introduction of the devices utilizing the very best experts in
the technology available
Oct 2008 - SolRayo wins $250K state of Wisconsin grant to develop
ultracapacitors for renewable energy applications in Wisconsin, including
solar and wind turbines being developed now in the state
Today
Completing the electrodes for IMDEA and working on design for additional
applications in Telecom (in conjunction with a cellular phone company),
smart card, and other applications
Future
-- Feb 2009 - delivery of electrodes to IMDEA
-- Delivery by Green Power of power conditioning unit using our devices
-- Evaluation by various energy and "green" power companies and possible
entrance into wind power markets (potential revenue in the tens of millions
of dollars)
-- Additional applications include Telecom, "smart" cards and other uses
In conclusion, we want to thank our shareholders for your continued
support, in particular during the past several difficult months in the
market. As we gain momentum in the coming year we trust the markets will
recognize us for our potential and our progress.
About Enable IPC
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. These technologies address a combined
market estimated to grow to over $3 billion by 2012. For more information,
please visit www.enableipc.com.
Forward-Looking Statements
This release contains forward-looking statements, such as "believes,"
"should," "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 ability
to secure additional sources of financing, the difficulties in forecasting
results from development efforts, the impact of changing economic
conditions, business conditions in the industries and others identified in
our Annual Report on Form 10-K, 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.
Contact Information: Investor relations: Rich Kaiser (800) 631-8127 ir@enableipc.com