Technologies, Inc. (OTC BB: XDSL.OB - News) today announced that it was
selected by the New Jersey Technology Council (NJTC) as a "Company to Watch"
and will be honored tonight at the 2008 NJTC Awards Gala at the Palace at Somerset
Park, Somerset, NJ. mPhase/AlwaysReady was selected along with four other New
Jersey companies in this new award category. The NJTC Awards Gala honors, celebrates
and publicizes New Jersey's top technology companies. Information about the
Gala and a list of all companies being honored this year can be seen at: http://www.njtc.org/events/gala2008/honorees.asp.
“The Companies to Watch is an exciting collection of companies we feel
will surely continue to make their mark not only in New Jersey but throughout
the entire world. As their innovative technologies begin to get the industry
recognition they deserve, the NJTC, and likely the finance community, will be
watching these companies very closely” quoted NJTC.
As part of the recognition, mPhase/AlwaysReady is featured in NJTC’s
monthly publication - New Jersey TechNews (Vol. 12 Issue 8). The publication
is available in hardcopy form or may be viewed on line at: http://www.njtc.org/interactiveTN/TNoct2008page5.pdf.
mPhase/AlwaysReady is currently developing products based on its Smart Nanobattery,
with its proprietary superhydrophobic and electrowettable membrane being used
in the multi-cell micro-array reserve battery designed for a US Army computer
memory backup application, as well as a manually activated reserve battery with
a breakable separator for an emergency light offering potentially infinite shelf-life.
Said mPhase CEO Ron Durando, “This past year we made significant progress
in our development of the Smart NanoBattery. We are proud that mPhase has been
selected as a Company to Watch by NJTC and important to receive peer recognition.
In 2009 we look forward in bringing to fruition military and commercial applications
of our breakthrough battery technology.”