Inc. (OTCBB:XDSL) today announced their participation in the upcoming Smart
Grid Implementation Summit from August 17-19 in Washington D.C. mPhase CEO Ron
Durando will be on the Technology Thought Leadership Panel with other technology
innovators in the smart grid field. So far, joining Mr. Durando on the panel
is Bob Gilligan, VP of General Electric Energy Transmission and Distribution.
The session will take place on August 19 at 8:15 AM and will be moderated by
Branko Terzic, Regulatory Policy Leader -- Energy + Resources at Deloitte.
The Thought Leadership Panel will discuss the future of smart grids and highlight
some of the cutting edge technologies that are preparing for the full scale
deployment of smart grid initiatives surrounding the following topic areas:
infrastructure, metering, communications, batteries and renewable energy sources.
Mr. Durando will be representing mPhase to discuss state-of-the art technology
developments that could contribute to smart grid implementation.
The Smart Grid Implementation Summit promotes action among the electric power
utility companies, policy stakeholders and smart grid technology companies on
electric grid modernization by demonstrating clear impacts and benefits of leading
smart grid pilots. The Summit addresses major challenges facing the smart grid
industry in managing demand response technology, navigating the policy landscape,
promoting interoperable standards, addressing customer privacy and cyber security
concerns, and evaluating smart grid performance and impact on existing assets
mPhase was invited to participate in the event because of the groundbreaking
advancements made by the company in developing the Smart NanoBattery which has
several potential uses relating to smart grids. Power grids require power monitors
and sensors to be located throughout the grid as a means of collecting data
and transmitting information to the computer systems that manage and regulate
the grid's flow of electricity. In many cases, these sensor devices will be
powered by individual batteries. The mPhase Smart NanoBattery is an attractive
power source that could be used to provide primary or emergency back up power
to these remote sensors. In certain low power drain devices, the Smart NanoBattery
can potentially provide continuous power for up to 20 years uninterrupted. If
utilized as a reserve power source, the Smart NanoBattery would automatically
begin powering the device if the primary power source failed. This could potentially
reduce the possibility of a service interruption.
"It is an honor to receive the invitation to participate in the Technology
Thought Leadership Panel," said mPhase CEO Ron Durando. "I look forward
to meeting with key figures in the smart grid arena as we work toward utilizing
our Smart NanoBattery to contribute to future smart grid implementation. mPhase
is aggressively pursuing stimulus funding that would aide the implementation
of our technology." The most recent stimulus package has set aside $4.5
billion for smart grid technology advancements.