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Posted: September 19, 2007
mPhase Technologies to Showcase Sovereign Tracking Systems at RFID World
(Nanowerk News) mPhase Technologies, Inc. (OTCBB:XDSL), (www.mphasetech.com) which earlier announced its intention to create a version of its Smart Nanobattery optimized for use in its active RFID (Radio Frequency Identification) applications, and which recently acquired a 10% interest in Sovereign Tracking Systems, LLC (www.sovtechcorp.com), a cutting-edge player in the category, will showcase Sovereign Tracking Systems LTD at booth 1417 at the RFID World: Boston conference, September 19-20 (www.rfid-world.com/boston).
The RFID World conference – a major exhibition venue in the category -- will cover innovative technology tools that are available for securing RFID transactions, and how RFID can be utilized to provide authentication and protection for products, personnel and property.
According to Ronald A. Durando, CEO of mPhase Technologies, Inc.: “We’re pleased to showcase Sovereign Tracking Systems, LLC, at this major venue of vendors presenting the latest advances in Radio Frequency ID technology. RFID is an emergent and growing market for technology to track and manage inventory for all kinds of items, including such high-value items such as medical equipment, shipping containers, and even patients.”
Sovereign is a privately held, NJ-based cutting-edge technology company specializing in real-time asset management tracking technologies, supported by inexpensive active radio frequency identification tags (RFID). The interest of mPhase and its subsidiary, AlwaysReady Inc., is that all active tags and many other types of sensor devices require a power supply for use. mPhase’s Smart Nanobattery can allow for the tag to remain in a quiescent state until needed, providing power on demand.
mPhase’s new Smart Nanobattery architecture promises an energy source that can be packaged in various configurations, with shelf life lasting decades, yet still able to be activated almost instantaneously on demand. This has a distinct relevance with active RFID applications. Various battery designs based on this technology may deliver a new and unique component for system design across many fields, including defense, healthcare, industrial and consumer electronics.
About Sovereign Tracking Systems:
Sovereign’s Real-Time-Location-Systems (RTLS) / Real-Time Asset Management applications have been installed in over 300 facilities worldwide including such applications as hospitals and healthcare facilities, manufacturing, prisons, warehousing, and the airline industry, saving these facilities hundreds of thousands of dollars.
Sovereign’s CEO William A. Robinson was one of the founding fathers of the "Global Positioning Systems" (GPS) technology. Inspired by the limitation of the GPS technology (it would not track under cover), Mr. Robinson began to formulate a concept for a reverse GPS, in which small "Satellites" (readers) could be placed in an indoor environment allowing for tracking undercover. With this technology conceived and a desire to turn his dream into reality, in early 1996 Bill Robinson founded Sovereign Technologies Corporation. As the technology continued to evolve it caught the interest of the United States military and in June of 1997, Sovereign Technologies Corporation was awarded the U.S. Army's Advance Monitoring Display System (AMDS) contract. Sovereign was then developing software to support the US Army's ground and Ariel sensors on the battlefield.
In 1997, the tracking technology that Mr. Robinson had pioneered was presented to the National Aeronautical and Space Administration (NASA). In October of the same year, a Beta-Site test was deployed at NASA's Goddard Space Flight Center tracking equipment for the Hubble Space Telescope Project. With the technology rapidly gaining acceptance in the market place, Sovereign began to build a strong distributor network and in 1996 the System was approved and licensed by the Federal Communications Commission (FCC part 15).
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB: XDSL) develops and commercializes next-generation media-rich entertainment software and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company was awarded the Frost & Sullivan Energy Storage Award for the Nanobattery in 2006 and the Frost & Sullivan Excellence in Technology Award in 2005, and the Nano 50 Award from NASA Nanotech Briefs. mPhase Technologies 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 orders of magnitude increases in sensitivity as compared with available un-cooled 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 companies mentioned 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 companies have no control.