http://www.enableipc.com/PR20080722.html
New Contract from an Ambitious R&D Program Funded by Spain’s Administration to
Address Local and International Energy Solutions VALENCIA, Calif. and MADRID, Spain – July 22, 2008 – Marking a major milestone with the first commercial use of its breakthrough ultracapacitor nanotechnology, Enable IPC Corp. (OTC BB: EIPC.OB), a leading company for turning technologies into products and successfully bringing them to market, today announced that it has partnered with the Madrid, Spain-based IMDEA Energy Institute to jointly develop ultracapacitors based on Enable IPC’s patent-pending energy technology. The initial project for this venture will be to
incorporate Enable IPC’s ultracapacitor into the SA2VE clean energy innovation program. 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.“Our partnership with IMDEA Energy marks a major validation of Enable IPC’s ultracapacitor technology by a renowned international organization,” said David Walker, CEO, Enable IPC. “Partnering with IMDEA Energy solidifies our standing as a leading company with cutting-edge energy technologies. We are excited by this unique opportunity to help develop clean energy devices that could be a part of the solution to the world’s energy problems, and hope it marks the first of many collaborations with IMDEA Energy.”The IMDEA Energy Institute develops energy-related Research and Development (R&D) with an emphasis on renewable energy and clean energy technologies to achieve outstanding scientific and technological contributions that create a sustainable energy system. Together with the SA2VE, a strategic national
research and development program in Spain focusing on electricity storage for applications in renewable energy integration, transport sectors and households, the organizations seek innovative, state-of-the-art technologies to address energy issues locally in Spain, as well as worldwide. In effect since 2006,partnering with Enable IPC marks one of the first steps in SA2VE’s expansion to include ultracapacitors.“After conducting an exhaustive search of ultracapacitor technologies, we chose Enable IPC due to the numerous improvements that their process produced over today’s current market-ready ultracapacitors,” said Manuel Romero, Deputy Director, IMDEA Energy Institute. “The Government of Spain is extremely committed to developing environmentally friendly sources of energy, and this partnership is an excellent example of how technology can be used to protect the environment, while also assisting the economy.”Under the new partnership, IMDEA Energy will work directly with Spanish company Green Power and a national lab in Spain known as CEDEX, while Enable IPC will provide enhanced ultracapacitor electrodes to the organization for integration into a new power conditioning unit.
●About IMDEA Energy Institute
The IMDEA Energy Institute has been created by the Regional Government of Madrid, Spain, in order to develop cutting-edge R&D activities in energy, with main emphasis in those topics related to renewable energy and clean energy technologies. The portfolio of expertise includes the following themes: Solar energy systems and technologies, with special emphasis in concentrating solar power; production of sustainable fuels for the transport sector: hydrogen, biofuels and waste-derived fuels; energy storage coupled to renewable energies; smart management of electricity demand; development of energy use systems with enhanced efficiency such as fuel cells and polygeneration and alternatives for CO2 confinement and valorization. For more information, visit www.imdea.org
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