QualityStocks.net News – mPhase Technologies, Inc. (XDSL.OB) Announces Security & Defense Expo Award – 6/25/08

mPhase Technologies, Inc. (OTCBB: XDSL) is one of our highlighted companies this month. The company, through its wholly owned subsidiary AlwaysReady, 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.

In our client’s news today,

mPhase Technologies, Inc. announced that its wholly owned subsidiary, AlwaysReady, Inc., received an award at the Mid-Atlantic Security & Defense Expo held June 19th in Princeton, New Jersey, and sponsored by the New Jersey Technology Council.

mPhase Technologies and AlwaysReady are the inventors of the Smart Battery, and as such are undisputed leaders in global battery technology. Using more than ten technology patents, mPhase and AlwaysReady have revamped the concept of the battery to create a product that is environmentally friendly, has a potentially infinite shelf life, generates lower manufacturing costs, provides for flexibly arrayed power configurations, provides almost instantaneous power, and allows for versatile packaging. This revolution is the first real advance in battery technology in 150 years.

The Mid-Atlantic award was presented to recognize AlwaysReady’s revolutionary advancements in batteries for use in consumer electronics, commercial applications, and military electronic devices. mPhase was one of forty original applicants for this prestigious award, only four of which were handed out by a panel of independent judges from organizations representing the security and defense industries.

The expo was attended by more than 150 industry professionals, who viewed both existing and “futuristic” products and services designed to assist the defense and Homeland Security industries. The award-winning Smart NanoBattery could be used to provide reserve power for munitions or remote sensors, and also to activate emergency alarms and portable lighting for first responders and others in the event of a national crisis.

Commenting on the award, Fred Allen, CEO of AlwaysReady, said: “We are delighted to have received another award from the NJTC. We believe this award is another source of validation as our Smart NanoBattery as a valuable battery with significant potential applications in the Defense and Security markets. It is gratifying to have our efforts recognized and appreciated, especially within this competitive and rapidly growing industry.”

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