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Thursday, April 21, 2011

Nanotechnology Stocks; mPhase Technologies (OTC.BB:XDSL) Developing Battery for G-Force Activated Application

LITTLE FALLS, NJ - April 21, 2011 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB:XDSL) today announced that it is engaged in the preliminary discussions with a major prime contractor of military applications to potentially adapt its battery technology and reserve battery �know-how" to serve as a G-force activated energy source to provide power in new weapons systems. The Company has successfully tested with the U.S. Army in the past, a single-cell reserve battery, which was activated by a projectile launch event, fired out of a tank, at the Aberdeen Proving Grounds in Maryland, in 2008. The Company has since expanded its efforts to a multi-cell capability for non-G-force enabled applications such as memory backup and is improving this advanced design for critical G-force enabled munitions systems. Additionally, mPhase is seeking to expand its initial efforts with Picatinny Arsenal in developing applications of its Smart NanoBattery to provide power for smart munitions. The Company recently signed a 3 year CRADA (Cooperative Research and Development Agreement) with the U.S. Army Armament Research, Development, and Engineering Center (ARDEC) at Picatinny, New Jersey.
"We believe we are making significant strides in establishing key partnerships for a broad development effort of batteries capable of being activated by G-force acceleration. Reliable and safe energy sources for providing power are essential to many new weapons systems, especially small munitions systems," said Ron Durando, president and CEO of mPhase Technologies. "We are looking forward to establishing a significant collaboration effort with other prime military contractors."
Prior testing with Picatinny demonstrated extreme resiliency to shock and acceleration of the SmartBattery prototypes, surviving tests that subjected them to high acceleration of over 30,000 G-forces. (One G is equal to the pull of gravity at sea level). The tests, which involved both simulations out of an air-gun and live testing of firing projectiles out of a tank, indicated that the underlying nanostructure of the prototype power cell could withstand extreme shock if used in military applications.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab on a chip analytic systems, self cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio. http://www.mpowertech.com
Forward Looking Statements
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.
Contact:
mPhase Technologies, Inc. 973 256 3737
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