October 1, 2008: Enable IPC Corp. has acquired a controlling interest in SolRayo LLC, a Wisconsin technology company that develops ultracapacitor technology for improving the storage, delivery, and usage of energy. Terms of the deal are to be in exchange for in-kind contributions from a major grant to be announced shortly.
SolRayo is 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 Mark Daugherty, CTO of Enable IPC, who will serve as the new SolRayo president. “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.”
“We look forward to working with the incredible people at Enable IPC,” said SolRayo co-founder Kevin Leonard, who will stay on as CTO. “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.