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Principals of mPhase Technologies, Inc. [OTCBB:XDSL], a cutting edge company at the forefront of the nanotechnology industry, will speak at the 6th Annual NanoBusiness Alliance Conference April 17th, at the New York Marriott Marquis. mPhase Technologies President and CEO Ronald A. Durando and Executive Vice President of R&D, Steve Simon expect to make a major announcement on behalf of the company at 3:30 p.m. on the 7th floor at the venue.
mPhase will showcase its two market-changing products at the NanoBusiness 2007 conference - a "smart" nanobattery capable of producing current on demand after long term storage, as well as an ultra sensitive magnetometer with orders of magnitude improvements in sensitivity.
During his presentation, Mr. Simon will provide an overview of the company's nano projects and mPhase Technologies' rapid progress toward commercialization of its smart nanobattery. Additionally, he will chart out the many market opportunities for the company's ultra-sensitive magnetometer. According to Mr. Simon, there is a significant market waiting to be tapped: "We believe that nanotechnology could capture a significant portion of reserve and primary battery market share for the military market as well as many new evolving opportunities," Mr. Simon stated.
Mr. Durando expects to make a major industry announcement concerning the company's future plans at the NanoBusiness 2007 conference. "We're extending the frontiers of nano science with each passing day," Mr. Durando said. "This is a very exciting time for all of us at mPhase Technologies and indeed everyone in the nanotechnology industry. We're proud of our research and products and our industry colleagues who are pioneers in the dawn of the new era of nanotechnology."
Prior to Mr. Durando's address, Mr. Simon in his presentation will discuss market drivers for the company's products, multiple battery and energy classifications, the nanobattery's elements and advantages, membrane battery design, smart arrayed nanobattery configurations, nanobattery activation, future applications of the nanobattery beyond its prototype, the company's growing portfolio of products and services; and future market opportunities for the nanobattery category.
This is the fourth consecutive year that mPhase has participated as exhibitor and sponsor at the three-day event. The venue is expected to attract hundreds of business leaders, investors, venture capitalists, scientists, engineers, government officials and visionaries who are driving the nanotechnology revolution.
For complete event information, please visit http://www.nanobusiness2007.com . For information on sponsoring or exhibiting at NanoBusiness 2007, please contact Vincent Caprio - .
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. More information is available at the mPhase Web site at http://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 in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
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Rubenstein Investor Relations.
Tim Clemensen, 212-843-9337
Media: Public Relations
Peter Hamilton, 212-843-8015
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