Enable IPC Issues Corporate Update in Advance of Its Annual Report and Stockholders Meeting
June 20 2012 - 9:00AM
Marketwired
Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to
stockholders and interested parties.
Financial Outlook
March 31st is the fiscal year end for Enable IPC, and the last
fiscal year has been the best in the Company's short history.
Revenues, which will be officially reported later this month, were
over $200,000, most of which were realized in the final
quarter.
The first quarter of this new fiscal year will see revenues
increasing, as the Company has secured agreements to bring in total
revenues of between $1-2 million for the current fiscal year, which
would make it the first profitable year, with net profits estimated
at 25% of revenues. First quarter results are due to be reported on
or before August 14th.
Revenues and net profits in subsequent fiscal years are expected
to be significantly higher.
"The Company's revenues have increased substantially,
quarter-to-quarter, beginning with the S/Cap RFID Tag® product
announcement in June 2011," stated CEO David Walker. "As the
Company continues its efforts to commercialize new products,
notably RFID tags and lithium-ion battery cathode coating
materials, we anticipate revenues to continue to grow through the
next fiscal year and beyond. We are pleased with the current pace
of revenue and product development and expect these exciting times
for Enable IPC to continue."
Enable IPC's Unique Business Model
The Company's business model is unique and uncommon and is
beginning to be very profitable, explained Mr. Walker. "The Company
receives most of its revenue from licensing activities related to
the S/Cap RFID Tag®. 'IPC' stands for Intellectual Property
Commercialization -- the Company does not see itself as an RFID
company, nor a nanotech company or manufacturer, but rather, a
developer and licensor of commercialized technologies."
As such, the Company's outlook is very bright. Mr. Walker
continued, "We participate in revenues in the sales of products by
others in the industries who have existing market paths and unique,
valuable experience and knowledge of the markets. In doing so, we
avoid much of the manufacturing and sales risks and are able to
reap larger net profit percentages."
The Company plans to discuss this business model at length
during the upcoming annual meeting of stockholders, scheduled for
August 3rd. Details on this meeting will be sent to stockholders in
the coming weeks.
S/Cap RFID Tag® Developments
The new, on-metal version of the S/Cap RFID Tag® is now
available and is being sold by the Company's distributors and
integrators in the US, China and the rest of the world.
The S/Cap RFID Tag® is unique to the RFID tag market in that it
utilizes an ultracapacitor for its power source. The ultracapacitor
provides the tag with many of the benefits of a battery-assisted
passive tag while negating most of the problems of short battery
life. Ultracapacitors can exceed as much as 1000 times the cycle
life of a battery meaning the useful life of an S/Cap RFID Tag® can
be significantly longer than that of active or battery-assisted
passive RFID tags powered with common battery chemistries.
Other enhancements to the tag are on the way and will be
announced as warranted.
Update on National Science Foundation Phase II
Grant for $500,000
Enable IPC's subsidiary, SolRayo, Inc., was awarded a grant from
the National Science Foundation (NSF) that is funding the
commercialization of a lithium-ion battery performance enhancing
technology. Lithium-ion batteries experience performance
degradation after repeated cycles, particularly in high temperature
applications. The new technology is an inexpensive nanoparticle
based coating that is applied to critical components of the battery
and protects the battery from degradation, significantly extending
lithium-ion battery life. The NSF funding is provided under the
Small Business Technology Transfer Phase II program.
Annual Stockholders Meeting
The annual meeting of stockholders will be held on August 3rd
this year, for stockholders of record as of June 22nd. Details will
follow.
Follow Enable IPC:
To keep up to date with Enable IPC, please follow the Company
via any of the following sites:
Enable IPC Website: http://www.enableipc.com Enable IPC Blog:
http://enableipc.blogspot.com/ Enable IPC on YouTube:
http://www.youtube.com/enableipc Enable IPC on Twitter:
http://www.twitter.com/enableipc Enable IPC on Facebook:
http://www.facebook.com/pages/Enable-IPC/140064176054394
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
"plans," "expects," "believes" 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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Contact: Product and distribution inquiries: David Walker Email
Contact (661) 347-0607 or Daniel Finch (262) 948-1868 Investor
Relations: Rich Kaiser (800) 631-8127 Email Contact
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