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mPhase Technologies Nanobattery Milestone Lands Featured Cover Story in Prominent Nanotechnology Magazine
NORWALK, Conn. --(Business Wire)-- Dec. 14, 2004 -- Focus by Nanotech Briefs on company's commercialization of Bell Labs' 'nanograss' discovery follows Forbes/Wolfe Nanotech Report feature as 'Company to Watch'
For the second time this quarter, mPhase Technologies (OTC:XDSL) has been featured in a leading publication covering the nanotechnology field.
The current bi-monthly edition of Nanotech Briefs contains a cover article reporting on mPhase's milestone in proving the feasibility of fabricating a battery based on a discovery by Lucent Technologies' Bell Labs that liquid droplets of electrolyte will stay dormant atop microstructures called "nanograss" until stimulated to flow, thereby triggering an electrochemical reaction.
This follows a report in the September issue of the prominent industry investment letter, Forbes Wolfe Nanotech Report, citing mPhase among its "Companies to Watch". It stated: "One advantage mPhase may have is that the technology could allow a device and its power supply to be truly integrated and manufactured together - with the battery baked into an integrated circuit - rather than having separate components connected through leads. That feature alone makes it worth watching."
Both media reports are posted on the mPhase website, www.mphasetech.com.
In light of the media attention, Ronald A. Durando, CEO of mPhase Technologies, said, "We are gratified by the recognition by such prominent independent publications as we strive to launch production by mid-2006."
About mPhase Technologies
mPhase Technologies Inc. (OTC:XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers entertainment digital television, high-speed Internet access, and traditional telephone service over existing copper telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the Broadband Loop Watch, designed to help service providers lower the provisioning and operating costs associated with DSL. The company is bringing nanotechnology out of the laboratory and into the market with a planned innovative long-life power cell.
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 in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
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