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Posted: October 15, 2007
mPhase to Present at Global Equities Conference in Las Vegas
(Nanowerk News) mPhase Technologies (OTCBB: XDSL.OB), a technology company with subsidiaries focused on a green smart nanobattery which provides power on command, AlwaysReady, Inc., and a targeted advertising media company, Granita Media, Inc., today announced that its CEO, Ronald A. Durando will present at Friedland Investment Events' Global Equities Conference in Las Vegas, Nevada at the Rio Suites Hotel and Casino after Altair NanoTechnologies (NASDAQ: ALTI ) at 11:52am PDT on Tuesday October 16, 2007.
The presentation will focus on recent advancements made by its 100% wholly-owned subsidiary AlwaysReady Inc. in its green smart nanobattery which is being tested by the United States Army under the most strenuous conditions.
The battery offers a revolutionary approach to energy storage and power management for electronic devices. Its unique architecture enables key features including a shelf life of decades, remote activation, scalable manufacturing, multiple configurations, environmentally-friendly, and precise power management capabilities, making it ideal for placing batteries in bullets for guidance capability and unattended ground sensors.
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.
This year the US Army awarded AlwaysReady a $100,000 six-month contract under its Small Business Technology Transfer Program (STTR) for research on a long life, low power, multi-cell battery to power computer memory chips that need to be activated for mission critical data up to 30 years from now. It has also entered into a US Army Cooperative Research and Development Agreement with Picatinny Arsenal for smart munitions and is working with Rutgers University Energy Storage Research Group to commercialize the battery.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB: XDSL) is a technology company with subsidiaries focused on an environmentally friendly smart nanobattery which provides power on command, AlwaysReady, Inc., which is 100% wholly owned and a targeted advertising media company, Granita Media, Inc., which is 95% owned. In addition, the company has a 10% equity position in an advanced RFID solutions and tracking company, Sovereign, Inc.
AlwaysReady, Inc., is bringing nanotechnology out of the laboratory and into the marketplace with its Power On Command™ Reserve Nanobattery. The Smart Nanobattery offers a revolutionary approach to energy storage and power management.
Granita Media, Inc. has developed a patent-pending approach to delivering precisely targeted advertising to consumers on IPTV networks. The system uses advanced demographics to allow advertisers to significantly increase the effectiveness of their ad dollars. The system will provide significant increases in revenue for network providers.
Sovereign Tracking Systems LLC. 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).
More information is available at the mPhase Web site at www.mPhaseTech.com (http://www.mPhaseTech.com)
About Friedland Investment Events
Friedland Investment Events LLC, the sponsor of the Global Equities Conference, is a sponsor of financial and investment events, sponsoring conferences, luncheons, dinner, cocktail receptions and road shows annually throughout the United States.
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.