mPhase/AlwaysReady Wins NJTC Environment/Energy Innovation Award
mPhase/AlwaysReady Wins NJTC Environment/Energy Innovation Award
LITTLE FALLS, NJ--(Marketwire - November 07, 2007) - AlwaysReady,
Inc., a 100% wholly owned subsidiary of mPhase Technologies, Inc.
(OTCBB: XDSL), today said that it has received the Environment/Energy
Innovation Award from the New Jersey Technical Council for the
development of its environmentally friendly smart nano battery
technology. The New Jersey Technology Council is a non-profit
membership organization that provides business support, networking
opportunities, information, advocacy and recognition of technology
companies and their leaders while advancing New Jersey's status as a
leading technology center in the United States. The award was
presented at the NJTC Technology Trends/Innovation Expo on Thursday,
October 25 and was received by AlwaysReady CEO, Fred Allen.
The Smart Nanobattery design offers a revolutionary approach to
energy storage and power management. Its unique architecture enables
key features including a shelf life of decades, remote activation,
scalable manufacturing, multiple configurations, and programmable
power management capabilities.
CEO Fred Allen said, "In developing a revolutionary Power On
Command(TM) Smart Nanobattery, we are bringing nanotechnology out of
the laboratory and into the marketplace. We are honored to be
recognized by the NJ Technical Council, and this strengthens our
standing as a nanotechnology leader."
It is anticipated that the initial applications for nano power cells
will address the need to supply emergency and reserve power "on
command" to a broad range of products for the defense department,
with future applications in the commercial and consumer arenas.
About AlwaysReady, Inc.
AlwaysReady, Inc., a new 100% owned subsidiary of mPhase
Technologies, Inc. (OTCBB: XDSL) is a micro and nanotechnology
development company focused on advanced power and sensing solutions.
AlwaysReady designs and develops proprietary technology by
manipulating matter at the scale of atoms and molecules, controlling
properties at the micro- and nanometer levels, and packaging
solutions into products that provide value to customers. The Smart
Nanobattery offers a revolutionary approach to energy storage and
power management. For more information, please visit
www.alwaysreadytech.com
As a cautionary note to investors, certain matters discussed in this
press release may be forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such matters
involve risks and uncertainties that may cause actual results to
differ materially, including the following: changes in economic
conditions; general competitive factors; acceptance of the Company's
products in the market; the Company's success in technology and
product development; the Company's ability to execute its business
model and strategic plans; and all the risks and related information
described from time to time in the Company's SEC filings, including
the financial statements and related information contained in the
Company's SEC Filing. mPhase assumes no obligation to update the
information in this release.
To view Battery Breakthrough video, please click here:
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Contact:
mPhase Technologies, Inc.
Investor Relations
Teresa Peterkin
203-854-1345