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mPhase Technologies, Inc. (OTCBB:XDSL) today announced that a recent breakthrough that will allow the company to produce their Smart NanoBattery with a much greater cost efficiency has successfully passed rigorous testing. The improved manufacturing technique will lead to higher yields when the battery is mass produced. The electrowettable reserve battery is being developed under a U.S. Army research grant as a long-term continuous power supply for computer memory backup and potential wireless sensor applications.
The ability to maximize the number of usable silicon based electrowettable membranes, which are key components of the Smart NanoBattery during each round of production, is critical to the overall profitability of the company. The recent successful testing has shown that mPhase will be able to yield a very high percentage of the complex silicon membrane once in mass production.
"This breakthrough reaffirms my confidence in the future of the Smart NanoBattery," said mPhase CEO Ron Durando. "With this accomplishment, we have significantly reduced the manufacturing risk involved in this product. Now it's just a matter of fitting all the pieces together as we continue with the project and reach the end result of a sales contract with the United States Army."
The Smart NanoBattery is being developed as part of the Phase II STTR Grant that was awarded by the United States Army in 2008. Upon completion of the development project, mPhase will actively pursue sales contracts with major government organizations, as well as companies that require a battery for industrial applications such as wireless sensors.
About mPhase Technologies, Inc.
mPhase Technologies, Inc. (OTCBB:XDSL), through its wholly owned subsidiary AlwaysReady, Inc., is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry.
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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mPhase Technologies, Inc.
Mr. John Levitt, Public Relations Coordinator
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