Technologies, Inc., today announced a joint exhibition of
mPhase and its AlwaysReady Inc. subsidiary, at the MidAtlantic
Technology Trends/Innovation Competition & Expo sponsored by
the New Jersey Technology Council. The event will be held October 25th
at Fairleigh Dickinson University in Madison, NJ.
Additionally, mPhase said that Dr. Fred Allen, President and
CEO of its AlwaysReady, Inc. subsidiary, will make a presentation about
According to the event organizers: "Innovation is the hallmark
of the world's most successful companies, whether exhibited through
unusual products or groundbreaking services. New Jersey Technology
Council seeks the most innovative products or solutions from throughout
the region including the states of NJ, NY, PA, DE and CT."
AlwaysReady, Inc. is a micro and nanotech development company
focused on advanced power and sensing solutions. Its flagship product
is the Smart Nanobattery featuring Power On Command(TM) capabilities.
Developed in conjunction with Alcatel-Lucent/Bell Labs, the Smart
Nanobattery offers a revolutionary approach to energy storage and power
management in commercial, consumer and military applications.
AlwaysReady is seeking collaborations with suppliers and customers to
expedite product development and commercialization.
According to Ronald A. Durando, President and Chief Executive
Officer of mPhase Technologies: "Events such as this provide key
exposure for our collaboration phase to identify funded product
development sources, which will then lead us to commercialization/
distribution of our breakthrough technologies."
At an earlier New Jersey Technology Council showcase,
AlwaysReady Inc.'s Dr. Allen advised conference attendees that
AlwaysReady Inc.'s Smart Nanobattery if properly marketed could expect
to capture between 3-5% of reserve and advanced battery markets. The
total addressable market for the Smart Nanobattery is currently $1.1
billion and expected to grow to nearly $2 billion by 2016.
AlwaysReady Inc.'s Smart Nanobattery offers many advantages,
including its long shelf life and Power-On-Command (TM) addressabililty
feature and uses in commercial (active RFID tags, healthcare monitoring
electronics, smart credit cards) and military applications (small,
lightweight systems, alternative power sources, and sensing devices).
mPhase/AlwaysReady Inc. for some time now have had a
multi-pronged effort under way with their partners to commercialize a
battery that is built on a microscopic nanostructured architecture.
mPhase has proven it is possible to fabricate nanotech-based "smart"
batteries, which can store reserve power for decades and generate
electric current virtually on demand.
The prototype battery was based on a discovery that liquid
droplets of electrolyte will stay in a dormant state atop microscopic
structures until stimulated to flow, thereby triggering a reaction
producing electricity. This super-hydrophobic effect of liquids can
permit precise control and activation of the batteries when required.
The mPhase Nanobattery was highlighted in a feature article,
"Building a Better Battery," in the November 2006 issue of WIRED
magazine. The article said that the project that could potentially
increase "battery life storage by an order of magnitude for the first
time in 100 years."