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.
Copyright Business Wire 2014