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Business Wire  06/19/2014 9:20 AM ET
mPhase Technologies Signs 3 Year CRADA With US Army

EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--Jun. 19, 2014-- mPhase Technologies, Inc. (XDSL) (http://mphasetech.com/), today announced that it has signed a 3 year Cooperative Research and Development Agreement (CRADA) for scalable smart reserve cell technologies with the U.S. Army Armament Research, Development, and Engineering Center (ARDEC) at Picatinny Arsenal, New Jersey.

The objective of the collaboration is to further the advancement of mPhases' Smart Nanobattery technologies relating to the design, fabrication and implementation of nanostructured material and devices which has commercial application to power cells and military application to alternative batteries and sensors.

"This agreement is an important and continued validation of the potential of our technology," said Ron Durando, president and CEO of mPhase Technologies. "We are looking forward to our continuing work at the U.S. Army Armament Research, Development, and Engineering Center (ARDEC) at Picatinny Arsenal, New Jersey."

About mPhase Technologies, Inc. mPhase Technologies Inc. (XDSL), a 2013 Frost and Sullivan recipient for the North American Advanced Battery Technology Innovation Award. mPhase Technologies is a publicly traded company (XDSL) that is pioneering 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, still in development. 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.

Source: mPhase Technologies, Inc.

mPhase Technologies, Inc.
Danielle LaSalle, 973-256-3737
dlasalle@mPhasetech.com

 

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