CEO: mPhase Technologies Poised to Deliver Substantial Breakthrough in Battery Technology; Says Recent Developments Pave Way to Create a Storage Battery Far Superior to Any Currently Known
As validation of his comment Durando cited a seminal paper describing the achievement by scientists in the globally respected, peer reviewed Bell Labs Technical Journal, with a current issue dedicated to nanotechnology. The article details the achievement by scientists in demonstrating a working reserve battery prototype that relies on a nano-based architecture. Reprints of the paper are available through mPhase website, www.mphasetech.com.
“We are navigating uncharted scientific waters in our approach to developing a radical improvement in battery technology”
"We are navigating uncharted scientific waters in our approach to developing a radical improvement in battery technology," stated Durando. "The publication of the paper in the Bell Labs Technical Journal is a strong indicator of the development progress, and I eagerly await the team's next technical milestone in 2006."
The company's work on the nanobattery was recognized by multiple awards this year. mPhase was named to the inaugural "Nano 50" list of the most innovative companies and individuals in nanotechnology, selected by a panel of experts assembled by Nanotech Briefs, a licensed publication of NASA. An earlier recognition of the company's work in this area took place in April when the company won the Frost & Sullivan 2005 Excellence in Technology Award.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company, awarded the 2005 Frost & Sullivan Excellence in Technology Award and named to the NASA Nanotech Briefs "Nano 50", is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise up to a 1,000-fold increase in sensitivity as compared with available uncooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com.
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