Enable IPC Corporation's (PINKSHEETS: EIPC) subsidiary, SolRayo, will host an open house to celebrate the opening of its new facility in Madison, Wisconsin. The facility was built to manufacture ultracapacitor electrodes for a variety of applications.
The open house will begin today, June 4th, from 4:00 pm - 7:00 pm CDT. The office is located at 4005 Felland Road, Suite 107, Madison, WI 53718.
Enable IPC acquired a controlling interest in SolRayo in October 2008. SolRayo was founded by the researchers who developed the ultracapacitor technology and who continue to work with SolRayo today.
SolRayo opened the Company's new facility with funds from a clean energy grant from the State of Wisconsin. The competitive grant was awarded to assist with the critical goal of developing reliable clean energy technologies in the state. The Company was chosen based on the merits of its technology, as well as the health of its business plan.
"The award of the grant, the opening of this facility in February and the delivery of our enhanced electrodes to IMDEA Energia in Madrid for a renewable energy project sponsored by the Spanish government in March, all provide a validation of our ultracapacitor technology's potential," said David Walker, CEO of Enable IPC. "We will be able to introduce cutting edge nanotechnology-based ultracapacitor components using this facility, in conjunction with the brilliant researchers who know the technology best."
For more information on the open house and SolRayo, contact Wendy Suyama at [email protected] or 1.608.244.2799 .
Enable IPC's Ultracapacitors Used in High Profile Renewable Energy Project
Enable IPC has recently completed ultracapacitor electrode shipments to IMDEA Energia in Madrid, Spain for a renewable energy demonstration project. 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 could have a multi-million dollar opportunity in renewable energy.
$600 Million Ultracapacitor Market
Enable IPC's ultracapacitor technology is aimed at a market estimated to grow to over $600 million by the year 2012. While the company has been mostly focusing on the use of ultracapacitors in renewable energy, there are also huge opportunities for this technology in consumer, other industrial and transportation applications as well.