CEO: mPhase Technologies Poised to Deliver Substantial Breakthrough in Battery Technology; Says Recent Developments Pave Way to Create a Storage Battery Far Superior to Any Currently Known.LITTLE FALLS Little Falls is the name of some places in the United States of America:
See OTC Bulletin Board (OTCBB). : XDSL) CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ron Durando, today said the company is poised to deliver a substantial breakthrough in battery technology utilizing superhydrophopic nano-patterned structures. As validation of his comment Durando cited a seminal seminal /sem·i·nal/ (sem´i-n'l) pertaining to semen or to a seed. sem·i·nal adj. Of, relating to, containing, or conveying semen or seed. paper describing the achievement by scientists in the globally respected, peer reviewed Bell Labs Technical Journal Bell Labs Technical Journal is the in-house journal for scientists of Bell Labs/Lucent. It is published quarterly by John Wiley & Sons. The journal has been through several name changes during its lifetime, including the Bell System Technical Journal, , with a current issue dedicated to nanotechnology. The article details the achievement by scientists in demonstrating a working reserve battery prototype that relies on a nano-based architecture. Reprints of the paper are available through mPhase website, www.mphasetech.com. "We are navigating uncharted scientific waters in our approach to developing a radical improvement in battery technology," stated Durando. "The publication of the paper in the Bell Labs Technical Journal is a strong indicator of the development progress, and I eagerly await the team's next technical milestone in 2006." The company's work on the nanobattery was recognized by multiple awards this year. mPhase was named to the inaugural "Nano 50" list of the most innovative companies and individuals in nanotechnology, selected by a panel of experts assembled by Nanotech Briefs, a licensed publication of NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. . An earlier recognition of the company's work in this area took place in April when the company won the Frost & Sullivan 2005 Excellence in Technology Award. About mPhase Technologies, Inc. mPhase Technologies Inc. (OTCBB: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company, awarded the 2005 Frost & Sullivan Excellence in Technology Award and named to the NASA Nanotech Briefs "Nano 50", is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise up to a 1,000-fold increase in sensitivity as compared with available uncooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of both companies 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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