mPhase Technologies Honored with Frost & Sullivan's 2006 Energy Storage Enabling Technology of the Year Award
LITTLE FALLS, N.J.--(BUSINESS WIRE)--mPhase Technologies (OTCBB:XDSL) was honored in recognition for its innovative work on a nanotechnology based smart battery by Frost & Sullivan at their annual Growth Excellence Awards Banquet and Networking Session held in San Antonio last week.
In selecting mPhase, Frost & Sullivan’s Energy & Power Systems Group Director Sara Bradford said that mPhase’s “pioneering battery design promises to revolutionize the portable reserve power storage market by yielding unprecedented micro and nanoscale devices able to be packaged as an integrated power source in system-on-a-chip configurations, while retaining reserve power for on demand activation potentially for decades. This battery technology could trigger a fundamental paradigm shift in battery and power technology.”
mPhase’s "smart" battery design relies on nanostructures to separate electrolytes from the positive and negative electrodes, thereby preventing premature electrochemical reactions until activated and allowing this energy to be held in reserve for exceedingly long periods of time. The storage device is expected to have a longer than average shelf life and set new levels for miniaturization and flexibility.
Under an agreement with Bell Labs, the R&D arm of Lucent Technologies, the companies have created a prototype battery based on a Bell Labs discovery that liquid droplets of electrolyte will stay in a dormant state atop microscopic structures until stimulated to flow, thereby triggering a reaction producing electric current. Future batteries based on this technology have the potential to deliver far longer shelf life and better storage capacity than existing battery technology.
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 the Nano 50 Award from NASA Nanotech Briefs, 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 several hundred-fold increase in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.awards.frost.com.
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