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mPhase Technologies (OTC: XDSL) today announced that it has signed a an extension of its original cooperative research agreement with Rutgers, The State University of New Jersey, as related to lithium-based chemistries for a functional reserve microbattery prototype.
The amended statement of work represents an extension of a previous work plan which commenced in 2006, and enumerates a mutually agreed-upon menu of responsibilities and functional tasks that members of the Rutgers technical team will provide to mPhase going forward.
The work plan's focus is for the partners to develop and characterize a functional reserve microbattery prototype developed around lithium-based chemistries.
During the extended development period, mPhase and Rutgers have agreed to provide mutual assistance in applying for external grants to support their research as well as to participate in technical conferences to present their aggregate work.
"By extending our research agreement with mPhase, we continue to explore applications for the nanotechnology-based chemistries and structures that our group has developed for high-density energy storage," said Glenn Amatucci, director of the Energy Storage Research Group at Rutgers. "Our work is built on and contributes to the nanotechnology research leadership of the university's department of materials science and engineering."
Ron Durando, President and CEO of mPhase Technologies, said: "These are exciting times for us. Working alongside Rutgers renowned ESRG (Energy Storage Research Group will enhance the development of our Nanobattery."
The development agreement mPhase has with Rutgers continues to build on mPhase's current work to develop micro batteries that are capable of supporting a range of lithium based chemistries for applications requiring primary, reserve or rechargeable power systems. The batteries mPhase Technologies are developing can be either configured as individual power cells, or potentially configured in arrayed arrangements depending on the power needs of the electronic devices requiring power.
Initially the batteries are targeted for powering small electronic devices and other applications requiring long shelf life and controlled activation.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation media-rich entertainment software 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.
Energy Storage Research Group (ESRG) is a technically diverse applied research group of faculty, research staff, graduate, and undergraduate students within the Department of Materials Science and Engineering whose charter is the research, development and advancement of new energy storage device chemistries enabled by advancements in materials science.
The group focuses on a wide range of nonaqueous and solid state chemistries, the majority of which incorporating ESRG developed nanocomposites which enable new abilities to deliver and store large amounts of power and energy per weight of device.
About Rutgers, The State University of New Jersey:
Established in 1766, Rutgers is Americaís eighth oldest institution of higher learning and one of the nationís premier public research universities. Serving more than 50,000 students on campuses in Camden, Newark and New Brunswick, Rutgers offers more than 280 bachelorís, masterís, doctoral and professional degree programs. The university is home to 30 degree-granting schools and colleges, and more than 150 specialized centers and institutes. With more than 340,000 living alumni, Rutgers graduates are major contributors to all sectors of contemporary life.
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.
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