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mPhase Technologies (OTC: XDSL) today announced that it has signed an additional 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. mPhase announced an initial agreement extension in February.
The amended statement of work represents yet a further 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.
Ron Durando, President and CEO of mPhase Technologies, said: "Our collaboration with Rutgers is exploring alternative chemistries and architectures, inclusive of non-aqueous solutions, which encompass various lithium electrolytes. This is an area of potential exciting breakthroughs, as the ability to develop functionality with lithium electrolytes with contact angles on our novel architecture, will permit rechargeable batteries on the nano-scale. These are truly exciting times for the partners."
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 reserved based primary and 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
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
About Rutgers, The State University of New Jersey:
Established in 1766, Rutgers is America’s eighth oldest institution of higher learning and one of the nation’s premier public research universities. Serving more than 50,000 students on campuses in Camden, Newark and New Brunswick, Rutgers offers more than 280 bachelor’s, master’s, doctoral and professional degree programs. The university is home to 27 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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For mPhase Technologies, Inc.:
Rubenstein Investor Relations
Tim Clemensen, 212-843-9337
News Media: Public Relations
Peter Hamilton, 212-843-8015
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