SOURCE: mPhase Technologies, Inc.

November 07, 2007 09:15 ET

mPhase/AlwaysReady Wins NJTC Environment/Energy Innovation Award

LITTLE FALLS, NJ--(Marketwire - November 7, 2007) - AlwaysReady, Inc., a 100% wholly owned subsidiary of mPhase Technologies, Inc. (OTCBB: XDSL), today said that it has received the Environment/Energy Innovation Award from the New Jersey Technical Council for the development of its environmentally friendly smart nano battery technology. The New Jersey Technology Council is a non-profit membership organization that provides business support, networking opportunities, information, advocacy and recognition of technology companies and their leaders while advancing New Jersey's status as a leading technology center in the United States. The award was presented at the NJTC Technology Trends/Innovation Expo on Thursday, October 25 and was received by AlwaysReady CEO, Fred Allen.

The Smart Nanobattery design offers a revolutionary approach to energy storage and power management. Its unique architecture enables key features including a shelf life of decades, remote activation, scalable manufacturing, multiple configurations, and programmable power management capabilities.

CEO Fred Allen said, "In developing a revolutionary Power On Command™ Smart Nanobattery, we are bringing nanotechnology out of the laboratory and into the marketplace. We are honored to be recognized by the NJ Technical Council, and this strengthens our standing as a nanotechnology leader."

It is anticipated that the initial applications for nano power cells will address the need to supply emergency and reserve power "on command" to a broad range of products for the defense department, with future applications in the commercial and consumer arenas.

About AlwaysReady, Inc.

AlwaysReady, Inc., a new 100% owned subsidiary of mPhase Technologies, Inc. (OTCBB: XDSL) is a micro and nanotechnology development company focused on advanced power and sensing solutions. 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. The Smart Nanobattery offers a revolutionary approach to energy storage and power management. For more information, please visit www.alwaysreadytech.com

As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.

Contact Information

  • Contact:
    mPhase Technologies, Inc.
    Investor Relations
    Teresa Peterkin
    203-854-1345

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