LITTLE FALLS, NJ - January 31, 2012 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB: XDSL.OB) said today, that based upon a scientific review of mPhase's patents, it has received a formal invitation to present its scientific advances in microfluidics at the nanoscale level to a scientific research and development consortium sponsored and funded by a major western European country. Such invitation is only made to a small percentage of high technology companies seeking membership in the Group. If accepted for final membership, mPhase will be afforded the opportunity to receive funding from both governmental sponsored research and an opportunity to utilize its patents in conjunction with those of major multinational companies and receive monies for a myriad of potential product applications. Such opportunity is another example the innovative patent portfolio that mPhase has been able to develop since February of 2004.
A final decision on membership, funding and collaboration and funding from major multinational strategic partners participating in the joint technology research and development group is expected in the spring of 2012.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. 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:
http://www.mpowertech.com. More information about the company can be found at http://www.mPhaseTech.com.
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.
Contact:
973-256-3737
mPhase Technologies, Inc.
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