Enable IPC Corporation
(Other OTC:EIPC.PK - News) today announced that it has made its final shipment
of ultracapacitor electrodes to IMDEA Energia in Madrid, Spain. The shipment
was made from the company's SolRayo facility in Madison, Wisconsin.
This completes Enable's portion of the contract, valued at EUR 47,000 (about
$60,000, depending on the exchange rate). 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 will have a multi-million dollar
opportunity in renewable energy.
"This is a high profile demonstration that we expect will lead to additional
contracts for the use of our devices in renewable energy systems throughout
the world," said Dr. Mark Daugherty, Chief Technology Officer of Enable
IPC and President of SolRayo.
The demonstration is meant, in part, to illustrate that ultracapacitors should
be used in renewable energy applications.
"Solar and wind technologies are wonderful," said SolRayo CTO Kevin
Leonard. "But sometimes, the sun doesn't shine and the wind doesn't blow.
Ultracapacitors can be used to level out the load."
Ultracapacitors have not been used in these applications before because they
have been too expensive. Enable IPC's technology lowers the cost of the devices
and helps make them economically viable for renewable energy.