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mPhase to Attend 8th Annual NanoBusiness Alliance Public Policy Tour in Washington, DC
mPhase Technologies, Inc. (OTC BB:XDSL.OB - News) today announced that it will attend the 8th Annual NanoBusiness Alliance Public Policy Tour from March 17-19 in Washington, DC.
LITTLE FALLS, NJ, February 28, 2009 /Stock Market PR News/ -- mPhase Technologies, Inc. (OTC BB:XDSL.OB - News) today announced that it will attend the 8th Annual NanoBusiness Alliance Public Policy Tour from March 17-19 in Washington, DC. The Alliance's annual Public Policy Tour is bringing nanotechnology industry executives to the nation's capital for two days of high-level meetings with Members of Congress, Administration officials, and key staff. mPhase will have the opportunity to interact with the decision makers that set policies and regulate the nanotechnology industry and influence access to venture capital.
On Wednesday, February 11, 2009, the U.S. House of Representatives passed H.R. 554, the National Nanotechnology Initiative Amendments Act of 2009. The bill will strengthen and provide transparence in federal research efforts to understand the potential environmental, health, and safety risks of nanotechnology.
''Nanotechnology is already in our cell phones, cosmetics, paints, and refrigerators,'' said House Committee on Science and Technology Chairman Bart Gordon (D-TN). ''It will soon help to protect the lives of our police officers and military servicemen. There is no doubt that the potential of this technology is vast. The bill that passed today fosters commercialization while ensuring public health and safety, and build upon a successful inter-agency effort in nanotechnology.''
H.R. 554 also includes provisions aimed at capturing the economic benefits of nanotechnology. In 2007, $60 billion in nano-enabled products were sold; and it is predicted that the number will rise to $2.6 trillion by 2014. To encourage commercialization in the U.S. the bill strengthens public-private partnerships by transfer and to help guide the National Nanotechnology Initiative (NNI) research agenda. The bill also promotes the use of nanotechnology research facilities to assist companies in the development of prototypes.
About mPhase Technologies, Inc. and AlwaysReady, Inc.
mPhase Technologies, Inc. (OTC BB:XDSL.OB - News), through its wholly owned subsidiary AlwaysReady, Inc., is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry. For more information, please visit our website at http://www.mPhaseTech.com.
About NanoBusiness Alliance
The NanoBusiness Alliance is the industry association for the emerging nanotechnology industry. Through its extensive network of leading startups, Fortune 500 companies, research institutions, non-governmental organizations and public-private partnerships, the Alliance shapes nanotechnology policy and helps accelerate the commercialization of nanotechnology innovations. The NanoBusiness Alliance has offices in Chicago, New York, Connecticut and Washington, DC. For more information, visit http://www.nanobusiness.org.
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control.
About mPhase Technologies
mPhase Technologies, Inc., a development company, specializes in microfluidics, microelectromechanical systems, and nanotechnology. The company, through its subsidiary, AlwaysReady, Inc., focuses on commercializing Smart NanoBattery, which provides power ‘on command’ for military and commercial applications. Its patented battery technology, based on the phenomenon of electrowetting, stores energy and manages power. The technology of Smart NanoBattery is a porous nanostructured material that could be designed for self-cleaning applications, water purification/desalination, liquid filtration/separation, and environmental cleanup. The company was founded in 1996 and is headquartered in Little Falls, New Jersey with additional offices in Norwalk, Connecticut; and New York, New York.
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Press Release Contact Information:
Edward Eid
mPhase Technologies
Investor Relations
150 Clove Rd.
Little Falls, NJ
USA 07424
Voice: 973 256 3737
Website: Visit Our Website |
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