mPhase Technologies, Inc. released today the Frost & Sullivan report stating that it earned the 2013 North American Advanced Battery Technology Innovation Award on June 17, 2013.
Frost & Sullivan recognized mPhase Technologies, Inc. with the Innovation Award for its pioneering nanobattery technology.
Key benchmarking criteria was used for determining the Technology Innovation Award. mPhase's performance against key competitors was ranked based on the following:
Uniqueness of Technology
Impact on New Products/Applications
Impact on Functionality
Impact on Customer Value
Relevance of Innovation to Industry
Based on the analysis in the report, Frost & Sullivan's Research Analyst Neha Arun Bakshi concludes:
"mPhase Technologies' nanobattery, based on innovative nanotechnology, overcomes the relevant industrial challenges of conventional batteries and provides an efficient and cost-effective energy storage solution. mPhase Technologies' nanobattery also possesses longer shelf life. This solution's power on-command feature nicely provides energy any time the user needs it through a simple command for activation. Frost & Sullivan is therefore proud to present the 2013 Advanced Battery Technology Innovation Award to mPhase Technologies."
Press release avilable from http://www.prnewswire.com/