mPhase Technologies To Continue Its Development Of A Radical Improvement In Battery Technology Superior To Current Designs
New Developments Expected Early In 2007
LITTLE FALLS, N.J.--(BUSINESS WIRE)--mPhase Technologies (OTCBB: XDSL) today said that the company is positioned to continue its pace setting course to reinvent the design of batteries capable of powering portable electronic devices. The mPhase Smart Nanobattery is a radical new approach to energy storage.
Development in 2007 will focus on the following areas:
-- Consumer -- The company is developing a battery for potential use in consumer commerce and security applications like active RFID Radio Frequency ID tags; -- Military --- -- Earlier this year, the battery showed promising results in the initial phase stress testing of its internal structures with the US Army at Picatinny arsenal opening the way for potential use in military applications like smart munitions; -- The company has done specific testing for aero space applications in conjunction with a major military contractor; -- Higher power density - Work continues with Rutgers' Energy Storage Research Group (ESRG) to meet higher power density requirements; -- Rechargeable battery - The company is enthusiastic about the potential of creating a rechargeable battery.
The creative new battery architecture was recognized in numerous external reports and awards during 2006.
-- Scientific American In its February, 2006 edition, the prestigious and authoritative Scientific American Magazine featured the nanobattery in a four-page feature article "Miniaturized Power." in its February issue. It reported on the evolution of the development of the battery, to read http://www.mphasetech.com/MiniaturePowerSciAm2_06.pdf -- ScienCentral, a science video news service funded by the NSF issued a video news release that high lighted the battery. Go to: http://sciencentral.com/articles/view.php3?article_id =218392734&cat=3_5. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) -- Wired An article featuring the battery in the November issue of Wired magazine is available online at http://www.wired.com/wired/archive/14.11/battery.html. -- The Nanobattery was awarded the Frost & Sullivan 2006 Energy Storage in September. -- In December, the Livingston Nanotechnology conference featured the Nanobattery as one of the six top stories of the year.
The company reported that it is excited about new developments expected to materialize in early 2007.
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 was awarded the Frost & Sullivan 2006 Energy Storage Award for the Nanobattery in September and earlier received 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 orders of magnitude increases in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com.
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control.