LITTLE FALLS, N.J., Aug. 17, 2009 (GLOBE NEWSWIRE) -- mPhase Technologies, Inc. (OTCBB:XDSL) has accepted an invitation to participate on the Thought Leadership Panel at the Smart Grid Implementation Summit on August 19 in Washington, D.C. at 8:15 AM. mPhase will use this opportunity to introduce the benefits and applications of the Smart NanoBattery as it relates to smart grid technology. In particular, extending the life of remote unattended sensor networks using smart batteries and designing power management optimization into a sensor network will be discussed.
Over sixty executives from utilities, technology providers, trade associations, and standards development organizations will be in attendance at the conference which runs from August 17-19. The conference will serve as a place to share ideas on how to create effective plans and guidelines for a standardized implementation of smart grid technology. U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke are leading this year's conference.
Dr. Fred Allen is representing mPhase on the "The Future of Smart Grid Technology" panel along with Bob Gilliam, VP Energy Transmission and Distribution at GE, and Lorie Wigle, General Manager, Eco-Technology Program Office at Intel. The discussion will be moderated by Branko Terzic, Regulatory Policy Leader - Energy & Resources at Deloitte. The session will highlight some of the cutting-edge technologies that are preparing for the full scale deployment of smart grid initiatives surrounding the following topic areas: batteries and renewable energy storage, infrastructure, metering, and communications.
Said mPhase CEO Ron Durando, "A primary focus of this conference is to help develop standards for the implementation of smart grid technology. With the Smart NanoBattery, we have a potential to provide unique advantages and benefits to smart grid systems that can be adapted universally as the standard smart grid battery."
The Smart NanoBattery can be extremely effective in providing extended power to critical smart grid devices and is a "green" solution that may allow the grid to function more efficiently. The extended shelf life and usage life of the battery could significantly reduce costs associated with servicing and changing batteries that are used throughout the grids.
mPhase was invited to participate in the event because of the groundbreaking advancements made by the company in developing the Smart NanoBattery providing Power On Command(tm) that has several potential uses relating to power grid monitoring and control. Smart grids require power monitors and sensors to be located throughout the grid as a means of collecting data and transmitting information to the computer systems that manage and regulate the grid's flow of electricity. In many cases, these sensor devices will be powered by individual batteries. The mPhase Smart NanoBattery is an attractive power source that could be used to provide primary or emergency back up power to these remote sensors. In certain low power devices, the Smart NanoBattery can potentially provide continuous power for up to 20 years uninterrupted. If utilized as a reserve power source, the Smart NanoBattery would automatically begin powering the device if the primary power source failed. This could potentially reduce the possibility of a service interruption.
About mPhase Technologies, Inc. and AlwaysReady, Inc.
mPhase Technologies, Inc. (OTCBB:XDSL), 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 www.mPhaseTech.com.
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