SOURCE: mPhase Technologies

June 25, 2008 11:30 ET

mPhase/AlwaysReady, Inc. Receives Award at Mid Atlantic Security & Defense Expo

LITTLE FALLS, NJ--(Marketwire - June 25, 2008) - mPhase Technologies, Inc. (OTCBB: XDSL) today announced that its wholly owned subsidiary, AlwaysReady, Inc., received an award at the recent New Jersey Technology Council (NJTC) Mid Atlantic Security & Defense Expo. The award was presented in recognition of AlwaysReady's efforts in developing the Smart NanoBattery, a revolutionary approach to energy storage and power management for commercial, consumer, and military applications. Out of forty company abstracts submitted prior to the conference, only four were chosen to receive awards. The panel of judges was composed of independent representatives from several different organizations active in the security and defense industry.

The Mid Atlantic Security & Defense Expo was held on June 19th in Princeton, New Jersey, and was attended by approximately 150 industry professionals. AlwaysReady, Inc. exhibited and presented at this conference which showcased products and services in the areas of Defense and Homeland Security, and future technologies.

AlwaysReady CEO, Fred Allen, stated, "We are delighted to have received another award from the NJTC. We believe this award is another source of validation as our Smart NanoBattery as a valuable battery with significant potential applications in the Defense and Security markets. It is gratifying to have our efforts recognized and appreciated, especially within this competitive and rapidly growing industry."

Potential applications for the nanobattery could be as a reserve energy source for munitions or remote sensors. Others could be the emergency power for alerts/alarms or portable light sources like flashlights.

About mPhase Technologies, Inc. and 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. For more information, please visit our website at www.mPhaseTech.com.

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.

Contact Information

  • Contact:
    Mr. Gerard Adams
    mPhase Technologies, Inc.
    Investor Relations
    973-256-3737 x105
    Email Contact