On Friday, the Company reported that mPhase's IP is valued at a Minimum of $40 Million.
The Company went on to report, "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."
About mPhase Technologies, Inc. (OTCBB:XDSL)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: http://www.mpowertech.com. More information about the company can be found at http://www.mPhaseTech.com.
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