mPhase Technologies Names Dr. Fred Allen as CEO for AlwaysReady, Inc.

August 16, 2007 by Jeff Shepard

mPhase Technologies, Inc. and its wholly-owned subsidiary, AlwaysReady, Inc., announced that they have named Dr. Fred Allen as Chief Executive Officer. AlwaysReady was created in April 2007 to create shareholder value in mPhase’s nanotechnology battery and MEMS based products.

In acknowledging his appointment, Allen said: "I am excited by the opportunity to join AlwaysReady, Inc. and to drive the effort to commercialize its smart nanobattery and family of magnetometers. Our initial focus will be on prototype fabrication to test the functionality of both technologies in select applications. We look forward to building relationships with strategic partners and prospective customers who we believe will benefit from using these revolutionary technologies."

Dr. Allen has significant leadership credentials in the nanotechnology category. The author of over 35 publications and presentations and with 10 patents to his credit, Allen led the efforts of Engelhard Corp. in New Jersey in a rechargeable lithium-ion battery materials program, as well as the company’s nanotechnology growth initiative that involved the pursuit of internal research and development leads, including external business opportunities in the emergent nanotechnology category.

Allen joined Engelhard in 1987 and for nearly two decades thereafter, conducted research, commercialized products and managed the company’s Technology Assessment Group. He has over 25 years of experience working at the nanometer scale as a materials scientist with a business perspective.

Allen is also co-founder and Director of the Greater Garden State Nanotechnology Alliance (GGSNA), an association affiliated with the New Jersey Technology Council (NJTC). The organization promotes regional economic development by facilitating commercialization of nanotechnology in and around New Jersey. He is also a member of the NJTC Board, an advisor to the Mid-Atlantic Nanotechnology Alliance (MANA) and Chairman of the Nanotechnology Committee of SMART (Strengthening the Mid-Atlantic Region for Tomorrow).

mPhase/AlwaysReady, Inc.’s new Smart Nanobattery architecture promises what is said to be an energy source that can be packaged in various configurations, with shelf life potentially lasting decades, yet still able to be activated on demand. Various battery designs based on this technology may deliver what is claimed to be a new and unique component for system design across many fields, including defense, industrial and consumer electronics