mPhase Technologies/AlwaysReady, Inc. Extends Cooperative Research Agreement With Rutgers.LITTLE FALLS Little Falls is the name of some places in the United States of America:
See: Over-the-counter. OTC See over-the-counter market (OTC). : XDSL) today announced that it has signed an additional extension of its original cooperative research agreement with Rutgers, The State University of New Jersey, as related to lithium-based chemistries for a functional reserve microbattery prototype. mPhase announced an initial agreement extension in February. The amended statement of work represents yet a further extension of a previous work plan which commenced in 2006, and enumerates a mutually agreed-upon menu of responsibilities and functional tasks that members of the Rutgers technical team will provide to mPhase going forward. The work plan's focus is for the partners to develop and characterize a functional reserve microbattery prototype developed around lithium-based chemistries. Ron Durando, President and 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. of mPhase Technologies, said: "Our collaboration with Rutgers is exploring alternative chemistries and architectures, inclusive of inclusive of prep. Taking into consideration or account; including. non-aqueous solutions, which encompass various lithium electrolytes. This is an area of potential exciting breakthroughs, as the ability to develop functionality with lithium electrolytes with contact angles on our novel architecture, will permit rechargeable batteries A rechargeable battery, also known as a storage battery, is a group of two or more secondary cells. These batteries can be restored to full charge by the application of electrical energy. on the nano-scale. These are truly exciting times for the partners." The development agreement mPhase has with Rutgers continues to build on mPhase's current work to develop micro batteries that are capable of supporting a range of lithium based chemistries for applications requiring reserved based primary and rechargeable re·charge tr.v. re·charged, re·charg·ing, re·charg·es To charge again, especially to reenergize a storage battery. re power systems. The batteries mPhase Technologies are developing can be either configured as individual power cells, or potentially configured in arrayed arrangements depending on the power needs of the electronic devices requiring power. Initially the batteries are targeted for powering small electronic devices and other applications requiring long shelf life and controlled activation. About Rutgers, The State University of New Jersey: Established in 1766, Rutgers is America's eighth oldest institution of higher learning higher learning n. Education or academic accomplishment at the college or university level. and one of the nation's premier public research universities. Serving more than 50,000 students on campuses in Camden, Newark and New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , Rutgers offers more than 280 bachelor's, master's, doctoral and professional degree programs. The university is home to 27 degree-granting schools and colleges, and more than 150 specialized centers and institutes. With more than 340,000 living alumni, Rutgers graduates are major contributors to all sectors of contemporary life. About mPhase Technologies, Inc. mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation media-rich entertainment software and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company was awarded the Frost & Sullivan 2006 Energy Storage Award for the Nanobattery in September and earlier received the 2005 Frost & Sullivan Excellence in Technology Award, and the Nano 50 Award from NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. Nanotech Briefs, 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 orders of magnitude increases in sensitivity as compared with available un-cooled 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 companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control. |
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