LITTLE FALLS, NJ--(Marketwire - October 10, 2012) - mPhase Technologies, Inc. (OTCBB: XDSL) reported today that it is completing arrangements, in cooperation with Invest In France, an agency of the French government, for a second round of meetings at the Grenoble Technology Cluster known as Minalogic (http://www.minalogic.org). The Cluster consists of government, corporate and educational members that are engaged in high technology research in the leading scientific disciplines such as micro- and nano-technologies and embedded systems on chips. Minalogic recently received the highest rating for cluster-management excellence from the European Union. (http://www10.nanotechcafe.com/nbc/articles/view_article.php?section=CorpNews&articleid=1124989)
The Company first visited the Cluster in March of 2012 after the relevant agencies reviewed mPhase's patent portfolio and recent valuation. The purpose of the second visit is to continue discussions with potential large strategic partners seeking to use the Company's Smart NanoBattery. It is anticipated that upon the establishment of such a strategic partnership research would continue at one of the Cluster's laboratory facilities at Grenoble, France in conjunction with a strategic sponsoring partner that would target and custom tailor the Company's Smart NanoBattery to be used in a commercial product. All potential strategic partners are currently members of the Cluster.
The scientific focus and interest is based upon the ability of mPhase's Smart Surface technology to electronically control the precise flow of a fluid on a nano-structured surface as well as its potential use of graphene complementing silicon as a material used in the battery for superior conductivity.
About mPhase Technologies, Inc.
mPhase Technologies is a leading nanotechnology innovator in Smart Surfaces. Potential applications include energy storage systems, drug delivery 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.
mPhase is now introducing graphene into our core nano-silicon technology to enable broader use of the mPhase Smart NanoBattery. The Company seeks to leverage the promising properties of silicon and graphene to improve the energy efficiency and power of energy storage devices that are not possible with present battery technology.
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.
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.