In the company’s recent news,
mPhase Technologies, Inc. announced Tuesday that it is the recipient of a $750,000, two-year grant for continued development of a “smart” lithium nanobattery that will provide backup power to a specific, critical computer memory application.
mPhase was awarded a Phase 2 Small Business Technology Transfer Program grant, part of the Small Business Innovation Research (SBIR) program, from the U.S. Army Research Office. Its progress to develop a low-power “green” battery for continuous power, through a previous $100,000 Phase 1 grant in 2007, led to further interest and to Phase 2.
“The Phase 2 work will focus on further refinements to the technology, and will be leveraged into similar commercial applications for large scale program deployments,” a company news release states.
A multi-cell battery offering uninterrupted power for a minimum of 20 years is the goal.
mPhase will continue to work with the Energy Storage Research Group (ESRG) at (New Jersey) state-run Rutgers University over a two-year period. “Rutgers is pleased to support a New Jersey company in this project and we look forward to continuing the development effort with our colleagues at mPhase on the design of the arrayed micro battery,” said William Adams, director of the university’s Office of Corporate Liaison and Technology Transfer.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
