The latest news from academia, regulators
research labs and other things of interest
Posted: November 29, 2007
mPhase/AlwaysReady, Inc. Provides Preview of Today's U.S. Army Tank Presentation
(Nanowerk News) mPhase Technologies Inc., (OTCBB: XDSL) will be presenting and exhibiting at the National Investment Banking Association (NIBA) conference in Las Vegas today and tomorrow. At the conference, mPhase will show how the AlwaysReady Inc. Smart Nanobattery successfully powered a 120mm smart shell shot from a U.S. Army Abrams tank for 3 miles.
This major milestone sets the tone for the company to move aggressively towards commercialization of the AlwaysReady Inc. Smart Nanobattery.
A slide show documenting the test is now available for download on the homepage of mPhase's corporate web site: http://www.mphasetech.com/
Mr. Durando will give an initial introduction to investment bankers at the NIBA conference today at 10:45am pst, followed by a presentation at 4pm pst. There will be two follow-up presentations tomorrow at 12pm pst and 1:45pm pst.
About mPhase Technologies, Inc.
mPhase Technologies, Inc. is a publicly traded (OTCBB: XDSL) technology development company owning 100% of AlwaysReady, Inc., 95% of Granita Media, Inc., and 10% of Sovereign Tracking Systems LTD. For more information, please visit http://www.mphasetech.com
About AlwaysReady, Inc.
AlwaysReady, Inc., a new 100% owned subsidiary of mPhase Technologies, Inc. (OTCBB: XDSL), is a micro and nanotechnology development company focused on advanced power and sensing solutions. AlwaysReady designs and develops proprietary technology by manipulating matter at the scale of atoms and molecules, controlling properties at the micro- and nanometer levels, and packaging solutions into products that provide value to customers. The Smart NanoBattery offers a revolutionary approach to energy storage and power management. For more information, please visit www.alwaysreadytech.com
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.