EIPC .027 'holders' be ready for updates: "Selling RFID Tags in China / Profitable Quarter / New on-metal version S/Cap"
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Enable IPC Corporation (PINKSHEETS: EIPC) today issued an update to shareholders and interested parties regarding its first profitable quarter and its patent pending S/Cap RFID Tag. The company has secured an agreement to begin selling its S/Cap RFID Tag(R) in China, the world's second largest RFID Tag market, and plans to launch a new on-metal version of the S/Cap RFID Tag(R) within the next two weeks.
First Profitable Quarter
March 31st is the fiscal year end for Enable IPC, and the final quarter of this fiscal year has been the best in the company's short history. The company has successfully secured revenues sufficient to make this the company's first profitable quarter.
"The company's revenues have increased substantially, quarter-to-quarter, beginning with the S/Cap RFID Tag(R) product announcement in June 2011," stated CEO David Walker. "As the company continues its efforts to commercialize new products including RFID tags, AAO nanopore templates, ultracapacitors 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."
S/Cap RFID Tag(R) Developments
Enable IPC previously announced completion of design and testing of a new on-metal version of the S/Cap RFID Tag(R) and today announced that manufacturing is underway and the new on-metal version of the S/Cap RFID Tag(R) is expected to be available within the next two weeks.
On metal? That means Box Cars, Trains, area's in which the S/Cap has already been tested but not mass produced.
In addition the company has secured an agreement with a commercialization and marketing company with strong ties to China to begin sales of S/Cap RFID Tag(R) products in that country, the world's second largest market for RFID tags. This group, with offices in Shanghai and Los Angeles, brings decades of experience working in this product area, and utilizing an existing network, is expected to help secure a foothold for S/Cap RFID Tag(R) products in the Chinese market.
Enable IPC also announced today that it has completed its initial patent application and that the S/Cap RFID Tag(R) is now officially "patent pending." The company expects to file additional patent applications in the near future. The S/Cap RFID Tag(R) 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(R) can be significantly longer than that of active or battery-assisted passive RFID Tags powered with common battery chemistries.
http://www.rfcamp.com/filebox/S-CAP%20TAG_EnableIPC_data%20sheet%20aug%202011.pdf
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