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Leading microfluidics and nanotechnology specialist mPhase Technologies, Inc. (OTCBB: XDSL) today announced its Smart NanoBattery has recently been featured in the Technology Advances section of the September 2008 Materials Research Society (MRS) Bulletin. The article highlighted the continued growth and importance of batteries, and the advantages of the mPhase Smart NanoBattery technology. Based on research cited, the world demand for primary and secondary batteries will increase approximately 6.5% annually from $55.5 billion in 2006 to $104.3 billion in 2016 based mainly on demand for battery-powered consumer products such as cell phones and digital cameras.
Fabricated using silicon processing techniques and enabled with nano and micro scale features creating microfludic channels, the Smart NanoBattery is designed to keep the battery in a state with no self-discharge, power drain, or leakage prior to activation, which is unlike traditional consumer batteries. Activation can be selectively controlled when necessary, thus providing Power On Commandô stored energy when and where it is needed to the device it is powering.
"We are excited that our work in microfluidics and nanotechnology has led to recognition by a well respected scientific association like the Materials Research Society," said Ronald A. Durando, CEO of mPhase Technologies, Inc.
Over the next few weeks mPhase Technologies looks forward to updating the investor community about recent strides made concerning commercial developments.
About mPhase Technologies, Inc.
mPhase Technologies, Inc. (OTCBB: XDSL) is a development company specializing in microfluidics, microelectromechanical systems (MEMS) and nanotechnology. Through its wholly-owned subsidiary AlwaysReady, Inc., mPhase is focused on commercializing its first nanotechnology-enabled product for military and commercial applications -- The Smart NanoBattery providing Power On Commandô. Our new well-patented battery technology, based on the phenomenon of electrowetting, offers a unique way to store energy and manage power that will revolutionize the battery industry.
About MRS Bulletin
MRS Bulletin is a monthly publication of the Materials Research Society, a not-for-profit scientific association that promotes interdisciplinary goal-oriented research on materials of technological importance. The MRS Bulletin includes technical theme topics that capture a snapshot of the state-of-the-art of materials research. These coordinated collections of articles written by experts are presented at a level understandable to a broad scientific audience. News and features cover research and development, people in the field, policy, conferences, history, education, and other issues on the state and progress of materials research worldwide.
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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Mr. John Levitt
mPhase Technologies, Inc.
Public Relations Coordinator
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