Inc., a micro and nanotechnology development company focused
on advanced power and sensing solutions, today announced the completion
of its 2008 strategic planning process, resulting in several new
corporate developments that will accelerate the commercialization path
of its revolutionary nanotechnology-based battery.
First, corporate parent mPhase has reaffirmed its commitment
to focusing energy and resources on the development and
commercialization of the AlwaysReady Power On Command(TM) Smart
Battery. The Smart Battery is a nanostructured electrochemical system
that offers a revolutionary approach to energy storage. Its unique
architecture enables key features including a shelf life of decades,
remote activation, and programmable power management capabilities.
"We believe that the smart battery, having performed
successfully in recent field tests, shows great promise for both
military and commercial use," said Fred Allen, CEO of AlwaysReady. "We
are pleased to have identified several potential market applications
which leverage our technical advantages, and have chosen one specific
area on which to focus our product launch efforts which will facilitate
the fastest path to profitability."
"We are also deemphasizing our IPTV assets and looking at our
options to sell and/or license our intellectual IPTV property, which we
believe offers great value," added Ron Durando, mPhase Chairman.