mPhase Technologies Executive to Update New Jersey Nanotech Community on Company's Nano-Based Battery Development; Rutgers University Event Focuses on Energy Storage and Conversion
Posted on: Monday, 21 November 2005, 09:00 CST
Steve Simon, executive vice president for research and development at mPhase Technologies (OTC: XDSL), will address a session of a day-long conference, "Commercializing Nanotechnology in Energy Storage & Conversion" today at the Rutgers University Busch Campus Center in Piscataway. mPhase is the Conference Sponsor of the event organized by the New Jersey Technology Council in conjunction with the Greater Garden State Nanotechnology Alliance.
Simon is participating in the afternoon session titled, "Nano/Energy Commercialization Successes." He has oversight responsibility for mPhase's nanobattery, under development with Lucent Technologies Bell Labs. The novel battery architecture is based on a Bell Labs discovery that liquid droplets of electrolyte will stay in a dormant state atop microscopic nanostructures until stimulated to flow, thereby triggering a reaction producing electric current. Future batteries based on this technology have the potential to deliver far longer shelf life and better storage capacity than existing battery technology. Potential initial applications for this technology may include defense, industrial, healthcare, and consumer electronics. mPhase is also targeting the nanobattery for use in technically-improved, lighter weight battery designs.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company, awarded the 2005 Frost & Sullivan Excellence in Technology Award and the Nano 50 Award from NASA Nanotech Briefs, is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise up to a 1,000-fold increase in sensitivity as compared with available uncooled sensors. More information is available at the mPhase Web site 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 the company in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the company has no control.
Source: Business Wire
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