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mPhase Technologies, Inc. (OTCBB:XDSL), today announced that Dr. Fred Allen, President and CEO of its AlwaysReady Inc. subsidiary, will present the company's breakthrough Smart Nanobattery technology at the New Jersey Technology Council (NJTC) Public/Private Company Showcase in New Jersey.
Today's conference will be the first venue at which Dr. Allen is making a presentation on the AlwaysReady Inc. Smart Nanobattery since he was named the company's CEO in August.
AlwaysReady, Inc. is a micro and nanotech development company focused on advanced power and sensing solutions. Its flagship product is the Smart Nanobattery featuring Power On Command(TM) capabilities. Developed in conjunction with Alcatel-Lucent/Bell Labs, the Smart Nanobattery offers a revolutionary approach to energy storage and power management in commercial, consumer and military applications. AlwaysReady is seeking collaborations with suppliers and customers to expedite product development and commercialization.
According to Dr. Allen:
"The NJTC Public/Private Company Showcase is important for smaller companies such as mPhase Technologies and AlwaysReady Inc. because the venue generates awareness among the members of the investment community to the investment opportunities in the region's technology companies."
Dr. Allen added: "We see events such as this as being key in our collaboration phase to identify funded product development sources, which will then lead us to commercialization/ distribution of our breakthrough technologies."
Dr. Allen is expected to advise conference attendees that AlwaysReady Inc.'s Smart Nanobattery if properly marketed could expect to capture between 3-5% of reserve and advanced battery markets. The total addressable market for the Smart Nanobattery is currently $1.1 billion and expected to grow to nearly $2 billion by 2016.
Dr. Allen will address the many advantages of AlwaysReady Inc.'s Smart Nanobattery, including its long shelf life and Power-On-Command (TM) addressabililty feature and uses in commercial (active RFID tags, healthcare monitoring electronics, smart credit cards) and military applications (small, lightweight systems, alternative power sources, and sensing devices).
"These are exciting times in the nanotechnology industry and for all of us at AlwaysReady, Inc.," Dr. Allen said. "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."
"We are currently focused on energy storage, but sensor devices based on micro-electro-mechanical systems (MEMS) and nanotechnology are being pursued as well. NJTC conferences give companies like AlwaysReady Inc. the opportunity to capture the imagination of investor sources seeking the 'next big thing.' I'm thrilled to be working with a such as a company as ours that can change the way we look at energy storage and power management."
AlwaysReady and its technologies will have a number of exceptional advantages in its two initial products: a "smart" nanobattery capable of producing current on demand after long term storage, as well as a family of uncooled magnetometers, including ultra sensitive versions capable of hundreds of times' improvement in sensitivity over currently available designs.
An immediate defense and security application for the nanobattery is as an energy source to power remote sensors in areas lacking electricity. mPhase has produced the first core components of a sensor package, technically referred to as a magnetometer that is predicted to be many times more sensitive than commercially-available uncooled sensors used in metal detectors. Acting much like a miniature tuning fork or oscillator, with movements only perceptible under a microscope, it is designed to detect changes in magnetic fields and can be used in applications to establish direction of movement of magnetic objects - ideal for defense and perimeter security.
mPhase for some time now has had a multi-pronged effort under way with its partners to commercialize a battery that is built on a microscopic nanostructured architecture. mPhase has proven it is possible to fabricate nanotech-based "smart" batteries, which can store reserve power for decades and generate electric current virtually on demand.
The prototype battery was based on a discovery that liquid droplets of electrolyte will stay in a dormant state atop microscopic structures until stimulated to flow, thereby triggering a reaction producing electricity. This super-hydrophobic effect of liquids can permit precise control and activation of the batteries when required.
The mPhase Nanobattery was highlighted in a feature article, "Building a Better Battery," in the November 2006 issue of WIRED magazine. The article said that the project that could potentially increase "battery life storage by an order of magnitude for the first time in 100 years."
Investors interested in more info can call the company at 973-256-3737, x 110, or visit the web site at http://www.mphasetech.com
About mPhase Technologies, Inc.
mPhase Technologies Inc. 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, the 2005 Frost & Sullivan Excellence in Technology Award, and the Nano 50 Award from NASA Nanotech Briefs in 2005. The company is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life battery. 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
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