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Posted: February 19, 2008
mPhase Technologies, Inc. Advances Battery Technology
(Nanowerk News) mPhase Technologies, Inc./Always Ready Inc. (OTCBB: XDSL) announced today that it has successfully advanced its new battery technology based upon a well patented phenomenon known as electrowetting. This phenomenon allows an alternative to today's conventional batteries by being able to mix the liquid electrolyte, on command, thereby potentially creating an infinite shelf life. The result is a more reliable, more versatile, cost competitive battery. The battery is also a "green" product that may be disposed of without the normal toxicity associated with conventional batteries.
This unique way to store energy and manage power requirements could revolutionize the electronics battery industry. Market applications include portable and micro electronic devices used in military, industrial, medical, and consumer applications. This represents one of the largest segments of the $55 billion dollar a year battery market.
Our recent advancements allow for the utilization of lithium-based chemistries -- the chemistry of choice for powering portable electronics today. Our battery now offers distinct advantages over existing battery technologies including primary (disposable), secondary (rechargeable), reserve (backup), and thin film types. Other characteristics of this breakthrough in battery technology include:
Higher energy density
Decades long shelf life
Lower manufacturing cost
Power management functionality
Faster ramp to power
Flexible arrayed configurations
Improved environmental friendliness
We have already proven that our battery works in laboratory tests as well as in significant field tests conducted for the U.S. Army.
mPhase will now be focusing all of its resources towards commercializing this unique patented battery technology. mPhase will soon be launching its new corporate website containing more details surrounding its battery technology.
mPhase is excited about its leading position in battery technology and looks forward to providing detailed information in the very near future to the entire battery technology industry and its shareholders.
mPhase Technologies, Inc. (OTCBB: XDSL), through its wholly owned subsidiary Always Ready 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.
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.