LITTLE FALLS, NJ — (Marketwire) — 11/11/11 — mPhase Technologies, Inc. (OTCBB: XDSL) — On October 19, 2011 mPhase Technologies reported that an independent valuation performed on its technology estimated a minimum valuation of $40 million for its portfolio of patents and intellectual property.
First Principals Inc., a world-class technology appraisal and commercialization firm located in Cleveland, Ohio, performed the valuation.
mPhase Technologies Intellectual Property is based upon significant research and development by the Company in the scientific disciplines of electrowetting, micro-fluid dynamics and materials science engineering at the nano-scale level.
mPhase has also licensed and further developed a patented and innovative platform technology that allows for the precise control of the flow of fluids by electronically manipulating the way fluids behave when in contact with a solid or porous surface.
mPhase has developed products based on the use of electrowetting including an infinite shelf life multiple cell emergency battery and an innovative single cell Smart Nano Battery which has received funding from The United States Army via a $750,000 STTR grant as well as a Cooperative Research and Development Agreement.
In addition to these products, mPhase is developing a number of other exciting applications. The mPhase System for electrowetting is protected by US and PCT Patent Applications.
mPhase will be following this press release with a series of releases which will provide insight into the findings found in the intellectual property valuation report including:
Key Technology Features
Battery Applications
Competitive Advantages
Smart Nano Battery Power Management
State of Development
Competing Technologies
IP Overview
Technology Summary
Product and Market Opportunities
Non Battery Applications
Additional IP Being Filed
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and micro fluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart
NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website: . More information about the company can be found at .
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. mPhase assumes no obligation to update the information in this release.
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