mPhase Executives to Participate in NanoBusiness Alliance Roundtable

 

Meetings With Congressional Leaders and Federal Agency Officials Will Allow mPhase to Play a More Significant Role in Guiding US Nanotech Policies

mPhase Technologies, Inc. (OTC.BB:XDSL), the global leader in the development of nanotech-based reserve battery technology, today announced that its executives will attend the Ninth Annual NanoBusiness Alliance Washington DC Roundtable beginning March 15, 2010.

The three-day event is intended to stimulate dialogue between members of Congress, federal agency officials, and top nanotechnology industry executives. The forum provides NanoBusiness Alliance members with an opportunity to learn about new regulatory policies and federal research initiatives, and familiarize members with federal product approval authorities, processes, and innovation strategies.

Scheduled meetings include a Congressional Nanotechnology Caucus moderated by Senator Ron Wyden (D-OR), and a session with Senator Mark Pryor (D-AR), who recently introduced the Nanotechnology Safety Act of 2010. Other meetings will address sustainable development and environmental, health and safety research policies; FDA policy and guidance developments; and the Obama Administration's focus on innovation.

The NanoBusiness Alliance is the world's leading nanotechnology trade association, and was founded to advance the emerging business of nanotechnology and microsystems for corporations, start-ups, researchers, universities, investors and a host of other key stakeholders. The Alliance's mission is to create a collective voice of the emerging small tech industry and develop a range of initiatives to support and strengthen the nanotechnology business community, through public policy efforts, events, research, and through the creation of partnerships.

Ron Durando, CEO of mPhase Technologies, said, "As mPhase grows, we expect to play a growing role in forging the policy directives that will shape the future of nanotechnology. This Roundtable gives us the opportunity to make our voices heard in Washington alongside much larger players. It will strengthen our influence inside the Beltway and give us a platform to advance both our own business interests and that of the field as a whole."

About mPhase Technologies, Inc.
mPhase Technologies, Inc., is focused on developing and commercializing a new battery technology featuring Power On Command™ which provides a unique way to store energy and manage power that will revolutionize the battery industry. mPhase, through its 100% owned consumer products division mPower Technologies, is marketing its first Power On Command product, The mPower Emergency Illuminator.

Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. Power Efficiency assumes no obligation to update the information in this release.

Source: Marketwire/Yahoo Finance / CNNmoney.com