SOURCE: mPhase Technologies

March 06, 2008 10:51 ET

mPhase/AlwaysReady Inc. Invited to Submit Proposal for Phase II Grant

US Army Proposal for a Potential $750,000 Phase II Grant

LITTLE FALLS, NJ--(Marketwire - March 6, 2008) - mPhase/AlwaysReady, Inc. (OTCBB: XDSL) announced today that it has been invited to submit a Phase II Small Business Technology Transfer Program (STTR) grant proposal to the US Army for continued development of a Smart NanoBattery. Only a percentage of Phase I participants are invited to submit proposals for a second phase of work.

On the basis of the positive results achieved in a Phase I grant, which was awarded in 2007, mPhase/AlwaysReady has been invited by the Army to submit a proposal for a $750,000 Phase II grant to build a functional lithium Smart NanoBattery prototype for a computer memory application. The Phase I grant supported a six-month effort to develop a low-power "green" battery with an extraordinary 30-plus year shelf life that will continuously power a SRAM (static random access memory) circuit for a computer device. SRAM is a common type of digital memory chip used in a wide variety of electronic systems for data storage.

If granted, the Phase II work would enable us to further refine our battery technology and will be leveraged into similar commercial applications for large scale program deployments. This dual use concept is part of the mPhase/AlwaysReady commercialization strategy.

"We are extremely excited about being invited to submit a Phase II proposal to the Army and anxiously await the commercialization phase of this unique breakthrough in battery technology," said Ronald A. Durando, Chief Executive Officer of mPhase.

The mPhase/Always Ready battery is based on a patented electrowetting phenomenon which creates a potentially infinite shelf life allowing "Power on Command."

About mPhase/AlwaysReady, 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.

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Contact Information

  • Contact:

    Gerard Adams
    mPhase Technologies, Inc
    Investor Relations
    973-256-3737 x105
    Email Contact