Enable IPC Corp.,
a leading company for turning technologies into products and successfully bringing
them to market, today announced that it has acquired a controlling interest
in SolRayo LLC, an established Wisconsin technology company that develops ultracapacitor
technology for improving the storage, delivery and usage of energy.
The SolRayo acquisition is in exchange for in kind contributions from a major
grant to be announced shortly. SolRayo is an established Wisconsin company founded
by the same scientists who developed Enable IPC’s patent-pending ultracapacitor
technology. The company is currently developing new nanoparticle-based ultracapacitors
for potential uses in various industrial, consumer and automotive applications.
“This acquisition is a great opportunity for both Enable IPC and SolRayo
to realize our shared goals of creating nanotechnology-based enhanced ultracapacitors
to support clean energy technologies,” said Dr. Mark Daugherty, CTO, Enable
IPC. “We are very excited to incorporate SolRayo’s exceptional talents
into our company and have the opportunity to work with the researchers who know
the technology best. Their new ultracapacitor materials hold great potential
for improving performance, as well as lowering the cost of ultracapacitors.”
Dr. Daugherty will serve as the new SolRayo President, having previously served
as CEO of Virent Technologies. SolRayo’s co-founder, Kevin Leonard, will
stay on as Chief Technology Officer.
“We look forward to working with the incredible people at Enable IPC,”
said Mr. Leonard. “This development will provide us with the resources
to continue the vital work of improving ultracapacitors and assisting in the
worldwide energy crisis.”
Enable IPC’s ultracapacitor technology combines nanoparticles with common
carbon sheets for a low cost, easy-to-implement technology that improves the
performance of ultracapacitors so they can function as clean energy storage
devices. The enhanced ultracapacitors are simpler, cheaper and longer lasting
than some conventional batteries, but perform just as well in many applications.