mPhase/AlwaysReady, 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.